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Allstate Corporation (ALL)
NYSE:ALL
Holding ALL?
Track your performance easily
Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$5.7Last Year’s EPS
$5.82Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 2.63%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with significant revenue growth, improved profitability, and successful strategic initiatives. However, challenges such as increased catastrophe losses and retention issues in auto insurance were noted.Company Guidance
During Allstate's Third Quarter 2024 earnings call, the company provided guidance highlighting strong financial performance and an optimistic outlook. Allstate reported total revenues of $16.6 billion, a 14.7% increase compared to the previous year, with a net income of $1.2 billion and an adjusted net income of $3.91 per share. The return on equity stood at 26.1% over the past 12 months. The Property-Liability business saw earned premiums rise by 11.6% to $13.7 billion, with an underwriting income of $495 million. The auto insurance profit improvement plan, which has restored auto margins, resulted in a combined ratio of 94.8, while homeowners insurance achieved a combined ratio of 98.2, with attractive growth prospects. The Protection Plans business also demonstrated significant growth, with a 23.1% increase in revenues to $512 million. The company emphasized its strategic focus on operational excellence and market share growth, supported by proactive investments and strategic initiatives.Strong Revenue Growth
Allstate reported total revenues of $16.6 billion, an increase of 14.7% compared to the prior year quarter.
Improved Net Income
Net income was $1.2 billion and adjusted net income was $3.91 per share, with a return on equity of 26.1% over the last 12 months.
Auto Profit Improvement Plan Success
The auto insurance combined ratio improved by 7.3 points to 94.8, driven by higher average earned premiums and moderated physical damage severity.
Homeowners Insurance Growth
Homeowners written premium increased by 10.8%. The combined ratio of 98.2 resulted in $60 million of underwriting income compared to a $131 million loss in the prior year.
Proactive Investment Strategy
Net investment income increased by 13.6% to $783 million, benefiting from higher yields and portfolio growth.
Protection Plans Segment Growth
Revenues for Protection Plans increased by 23.1%, with adjusted net income rising by $19 million compared to the prior year quarter.
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ALL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $188.60 | $185.70 | -1.54% |
| Jul 31, 2024 | $169.53 | $175.73 | +3.66% |
| May 01, 2024 | $169.02 | $166.68 | -1.38% |
| Feb 07, 2024 | $155.35 | $158.44 | +1.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Allstate Corporation (ALL) report earnings?
Allstate Corporation (ALL) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Allstate Corporation (ALL) earnings time?
Allstate Corporation (ALL) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALL EPS forecast?
ALL EPS forecast for the fiscal quarter 2024 (Q4) is $5.7.
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