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Mar 31, 2024
Allstate Q1 2024 Earnings Report
Allstate's profitability improved due to strong operating capabilities and decisive actions.
Key Takeaways
Allstate reported a significant profit improvement in Q1 2024, driven by strong operating capabilities, decisive actions to improve shareholder value, and lower catastrophe losses. Revenues reached $15.3 billion, and net income was $1.2 billion, with adjusted net income at $5.13 per diluted common share.
Auto profitability was enhanced as a growing number of states achieved targeted margin levels.
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.
Allstate Protection Plans’ revenues increasing by over 20% due to an expanded product set and international growth.
Revenue by Segment
Forward Guidance
This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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