earnings
confidence high
sentiment positive
materiality 0.80
Allstate Q3 net income $1.16B ($4.33/sh) vs loss prior year; adjusted EPS $3.91 beats
ALLSTATE CORP
2024-Q3 EPS reported
$9.91
revenue$47,600,000,000
- Revenue $16.6B +14.7% YoY; Property-Liability earned premiums +11.6% to $13.7B.
- Underwriting income $495M vs loss $414M; combined ratio 96.4 (improved 7 pts).
- Auto underwriting income $486M; combined ratio 94.8; policies in force -1.5% due to retention losses.
- Homeowners profitable despite $1.23B catastrophes (40% higher); combined ratio 98.2.
- Announced sale of Employer Voluntary Benefits to StanCorp for $2B, closing H1 2025.