Allstate (ALL) Q4 Earnings Beat on Solid Underwriting Results

The Allstate Corporation (ALL) reported a fourth-quarter 2023 adjusted net income of $5.82 per share, which surpassed the Zacks Consensus Estimate by 50.4%. The company reported a loss of $1.33 per share in the year-ago quarter.Operating revenues of $14.9 billion rose 10% year over year in the quarter under review. The year-over-year growth was due to a 10.7% increase in Property-Liability insurance premiums earned. Yet, the top line fell short of the consensus mark by a whisker.The quarterly results benefi ...