Aallstate(ALL) ZACKS·2025-01-30 16:25Core Viewpoint - The Allstate Corporation is expected to report its fourth-quarter 2024 results on February 5, 2025, with earnings estimated at 16.71 billion, indicating year-over-year growth in both earnings and revenues [1][2]. Earnings Estimates - The fourth-quarter earnings estimate has seen five upward revisions in the past 30 days, suggesting a positive outlook with a projected year-over-year growth of 6.5% for earnings and 12.1% for revenues [2][3]. - For the full year 2024, the revenue estimate stands at 16.83, a significant rise from 604 million [7]. - The underwriting income from the Auto brand is estimated at 93 million a year ago, aided by expanding earned premiums and lower expenses [8]. Performance Metrics - The combined ratio for the Auto insurance business is expected to improve to 93.23% from 98.20% in the previous year, indicating better profitability [8]. - The consensus estimate for underwriting loss from Commercial Lines is projected to decrease to 84 million a year ago [8]. Stock Performance - Allstate's stock has increased by 22.9% over the past year, outperforming the industry growth of 20.9% and the S&P 500 Index's 26.6% increase [10]. - Despite the stock appreciation, Allstate's valuation remains attractive, trading at 10.08X forward 12-month earnings, below its five-year median of 10.97X and the industry average of 28.05X [12]. Strategic Outlook - Allstate is positioned for steady revenue growth through a diversified product portfolio, strategic acquisitions, and disciplined pricing, with key initiatives aimed at enhancing operational efficiency and underwriting gains [14]. - The company is focusing on expanding its Protection Services business and reinvesting savings into technology and product management [14].