Allstate (ALL) Q2 Earnings Beat on Property-Liability Rate Hikes
Aallstate(ALL) ZACKS·2024-08-01 16:51
The Allstate Corporation (ALL) reported strong second-quarter results, which benefited on the back of prudent rate increases, rise in Market-based investment income and insurance premiums. Also, improved Property-Liability underwriting results, thanks to its profit improvement plan, lower catastrophe losses and total expenses, aided the bottom line.The second-quarter 2024 adjusted net income of $1.61 per share surpassed the Zacks Consensus Estimate of 33 cents. The company reported a loss of $4.42 per share ...