The Allstate Corporation (ALL) reported a first-quarter 2024 adjusted net income of $5.13 per share, which surpassed the Zacks Consensus Estimate by 24.8%. The company reported a loss of $1.30 per share in the year-ago quarter.Operating revenues of $15.4 billion rose 12% year over year in the quarter under review. The year-over-year growth was due to a 10.9% increase in Property-Liability insurance premiums earned. The top line beat the consensus mark of $15.3 billion.The quarterly results benefited on the ...

The Allstate Corporation First Quarter 2024 Earnings Presentation 05.02.2024 Forward-looking statements and non-GAAP financial information This presentation contains forward-looking statements Additional information on factors that could cause results and information. This presentation also contains non- to differ materially from this presentation is available in the GAAP measures that are denoted with an asterisk. You 2023 Form 10-K, Form 10-Q for March 31, 2024, our most can find the reconciliation of tho ...

The Allstate Corporation (NYSE:ALL) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Brent Vandermause - Head of Investor Relations Tom Wilson - President and CEO Jess Merten - Executive Vice President and Chief Financial Officer Mario Rizzo - President, Property-Liability Conference Call Participants Jimmy Bhullar - JPMorgan Andrew Kligerman - TD Cowen Greg Peters - Raymond James Bob Jian Huang - Morgan Stanley Elyse Greenspan - Wells Fargo Yaron Kinar - Jefferies David Motemade ...

Allstate (ALL) reported $15.42 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 12%. EPS of $5.13 for the same period compares to -$1.30 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $15.29 billion, representing a surprise of +0.89%. The company delivered an EPS surprise of +24.82%, with the consensus EPS estimate being $4.11.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Allstate (ALL) came out with quarterly earnings of $5.13 per share, beating the Zacks Consensus Estimate of $4.11 per share. This compares to loss of $1.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.82%. A quarter ago, it was expected that this insurer would post earnings of $3.87 per share when it actually produced earnings of $5.82, delivering a surprise of 50.39%.Over the last four quarters, the company has surpasse ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 1-11840 THE ALLSTATE CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-3871531 (State or other juris ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): April 18, 2024 THE ALLSTATE CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-11840 36-3871531 (State or other (Commission (IRS Employer jurisdiction of incorpo ration) File Number) Identification No .) 3100 Sanders Road, Northbrook, Illinois 60062 (Address of princ ...

Markets closed lower yesterday as U.S. consumer confidence dipped to its lowest level since 2022, largely attributed to persistent inflationary pressure. The recent GDP growth numbers revealed a slowdown, with the economy expanding at its slowest pace in nearly two years. In the first quarter of 2024, the U.S. economy grew at an annualized rate of 1.6%, down from 3.4% in the fourth quarter of 2023 and below the projected 2.5%. This deceleration can be attributed to prior rate hikes by the Fed.However, despi ...

As every American who owns a car and/or a house knows, insurance premiums have been going through the roof this year. Although it’s true the costs of repairing these assets have surged, it appears that insurers’ recent rate hikes are meaningfully increasing their profits. As evidence of the latter point, consider that many of the insurance stocks to buy have jumped tremendously this year. For example, Allstate (NYSE:ALL) has climbed 21% year-to-date. Meanwhile, Progressive (NYSE:PGR) has gained 29%, and The ...

The Allstate Corporation (ALL) is scheduled to release first-quarter 2024 results on May 1, after the closing bell.Factors to NoteThe company’s focus on keeping up with elevated loss cost trends is commendable, given it has been pursuing rate hikes consistently to earn profits in its Auto and Homeowners business. We expect the first-quarter’s performance to benefit from improvement in underwriting margins in Auto and Homeowners. Moreover, moderating the personal auto loss environment is likely to have provi ...