ALL's Q3 results reflect impressive premium growth and higher net investment income. However, rising catastrophe losses and increased claims expenses present ongoing challenges for the insurer.
The Allstate Corporation (NYSE:ALL ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Alastair Gobin - Head of Investor Relations Tom Wilson - President and CEO Jess Merten - EVP and CFO Mario Rizzo - President, Property-Liability Conference Call Participants Jimmy Bhullar - JPMorgan Gregory Peters - Raymond James Yaron Kinar - Jefferies Bob Huang - Morgan Stanley David Motemaden - Evercore ISI Josh Shanker - Bank of America Operator Good day, and thank you for standing by. Welcome to Allstate's Third Quarter Investor Call.
Although the revenue and EPS for Allstate (ALL) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Allstate (ALL) came out with quarterly earnings of $3.91 per share, beating the Zacks Consensus Estimate of $2.20 per share. This compares to earnings of $0.81 per share a year ago.
ALL's third-quarter earnings are likely to have benefited from growing premiums earned, partially offset by higher expenses.
Evaluate the expected performance of Allstate (ALL) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Allstate (ALL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Allstate (ALL) closed at $192.64 in the latest trading session, marking a -1.4% move from the prior day.
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