Allstate has reported a net loss of $694 million for the third quarter of 2022 due in part to underwriting losses and equity valuation declines.
Tag: Allstate profits
MetLife, Allstate Post Strong Gains in Adjusted Earnings
MetLife Inc. and Allstate Corp. posted strong gains in adjusted earnings as the insurers weathered another quarter of the Covid-19 pandemic. Allstate’s car-insurance business had a strong quarter as rush-hour fender-benders were below normal, with many Americans still working from home rather than commuting. MetLife had sharply higher death benefits on life-insurance policies while payouts… Continue reading MetLife, Allstate Post Strong Gains in Adjusted Earnings
Allstate, Chubb Profits Rise on Disaster Claim Decline, Premium Growth
Chubb Ltd. and Allstate Corp., two of the best-known names in property-and-casualty insurance, posted strong gains in fourth-quarter net income, as their core insurance operations benefited from fewer catastrophe claims and growth in premium volume. For U.S. property-casualty insurers, the most-recent quarter included Texas tornadoes and California wildfires, but the damage was light compared with… Continue reading Allstate, Chubb Profits Rise on Disaster Claim Decline, Premium Growth
Allstate Beats Earnings and Revenue Estimates in Q3
Allstate Corporation’s third-quarter 2019 earnings of $2.84 per share beat the Zacks Consensus Estimate by 12.7% and were up 47% year over year, led by revenue growth. Revenues of $10.8 billion outpaced the Zacks Consensus Estimate by 19.9%. The top line was up 5.7% year over year, driven by an increase in premiums, investment income,… Continue reading Allstate Beats Earnings and Revenue Estimates in Q3
Allstate Corp Profit Rises
Allstate Corp. said its profit rose for its second quarter as insurance premiums grew by 6% from a year earlier. The Northbrook, Ill.-based insurance company reported a profit of $851 million, or $2.44 a share, compared with $717 million, or $1.91 a share, a year ago. The company reported adjusted earnings of $2.18 a share.… Continue reading Allstate Corp Profit Rises