earnings
confidence high
sentiment positive
materiality 0.85
Allstate Q2 net income $301M, reversed from -$1.39B loss; adj EPS $1.61
ALLSTATE CORP
2024-Q2 EPS reported
$5.58
revenue$30,973,000,000
- Revenue $15.7B (+12.4% YoY); Property-Liability underwriting loss $145M improved from $2.1B loss.
- Underlying combined ratio 85.3 (improved 7.6 pts); catastrophe losses $2.12B (-21.4% YoY).
- Allstate Protection auto underwriting combined ratio 95.9 (improved 12.4 pts); premiums written +12.3%.
- Book value per share $62.14 (+21.2%); policies in force +6.3% to 199.9M.
- Sale of Health and Benefits business progressing; $16B statutory surplus, $3B holding company assets.