Allstate Q3 Earnings Beat on Strong Premium and Investment Income

The Allstate Corporation (ALL) reported third-quarter 2024 adjusted net income of $3.91 per share, which outpaced the Zacks Consensus Estimate by a whopping 77.7$16.4 billion on the back of higher earned premiums from Property-Liability unit. The top line beat the consensus mark by 0.9%.The quarterly results benefited from strong growth in earned premiums, improved underwriting income and robust ...