Allstate Q4 Earnings Beat on Strong Premium & Investment Income

The Allstate Corporation (ALL) reported a fourth-quarter 2024 adjusted net income of $7.67 per share, which outpaced the Zacks Consensus Estimate by 17.8%. The bottom line increased nearly 32% year over year.Operating revenues advanced 12.1% year over year to $16.71 billion but missed the consensus mark by a whisker.See the Zacks Earnings Calendar to stay ahead of market-making news.The strong fourth-quarter earnings benefited from growth in premiums and improved underwriting income and investment income. H ...