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Allstate: 2Q Earnings Snapshot

July 30, 2019

NORTHBROOK, Ill. (AP) _ Allstate Corp. (ALL) on Tuesday reported second-quarter profit of $851 million.

On a per-share basis, the Northbrook, Illinois-based company said it had net income of $2.44. Earnings, adjusted for non-recurring gains, came to $2.18 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The insurer posted revenue of $11.14 billion in the period. Its adjusted revenue was $10.82 billion.

Allstate shares have risen 23% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. In the final minutes of trading on Tuesday, shares hit $101.83, an increase of almost 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALL at https://www.zacks.com/ap/ALL

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