Allstate Corp

NYSE:ALLUnited States

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• DJ Milder Weather Boosts Profits at Allstate -- Market Talk, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: ALL
  
  1823 ET - Milder weather is boosting the bottom line for Allstate. The insurance provider says that its catastrophe losses, or covered losses from natural events like weather, dropped about 62% in its homeowners segment, partially because of milder weather in the period. Fewer catastrophe losses also improved underwriting results for Allstate. The company swings to a $1.19 billion profit in 1Q from a year-ago loss, topping analyst estimates. Shares rise 1.8% to $174.60 after-hours. (ben.glickman@wsj.com; @benglickman)
  

• -- Earnings Flash (ALL) THE ALLSTATE CORPORATION Posts Q1 EPS $5.13, vs. Street Est of $3.94, from 3 hours ago by MT Newswires

  3 hours ago by MT Newswires
  Companies Mentioned: ALL
  04:59 PM EDT, 05/01/2024 (MT Newswires) -- ...

• -- Earnings Flash (ALL) THE ALLSTATE CORPORATION Posts Q1 Revenue $15.3B, vs. Street Est of $14.5B, from 3 hours ago by MT Newswires

  3 hours ago by MT Newswires
  Companies Mentioned: ALL
  04:59 PM EDT, 05/01/2024 (MT Newswires) -- ...

• Allstate Swings to Q1 Adjusted Earnings as Revenue Rises, from 3 hours ago by MT Newswires

  3 hours ago by MT Newswires
  Companies Mentioned: ALL
  04:58 PM EDT, 05/01/2024 (MT Newswires) -- Allstate (ALL) reported Q1 adjusted earnings late Wednesday of $5.13 per diluted share, compared with a loss of $1.30 a year earlier. Analysts polled by Capital IQ expected normalized earnings of $3.94. Rev...

• Allstate Reports Broad-Based Profit Improvement, from 3 hours ago by Business Wire

  3 hours ago by Business Wire
  Companies Mentioned: ALL

  The Allstate Corporation (NYSE: ALL) today reported financial results for the first quarter of 2024.

  "Allstate's broad-based profitability reflects the benefits of strong operating capabilities, decisive actions to improve shareholder value and lower catastrophe losses," said Tom Wilson, Chair, President and CEO of The Allstate Corporation. "Auto profitability was enhanced as a growing number of states achieved targeted margin levels in the quarter. Industry leading home insurance capabilities, when combined with lower catastrophe losses, further improved profitability. Investment income increased primarily due to higher yields and extension of fixed income maturities over the last 18 months. Revenues reached $15.3 billion for the quarter, increasing 10.7% compared to the prior year. Net income was $1.2 billion with adjusted net income* of $5.13 per diluted common share."