Reports auto claim frequency declined on mild weather, more than offsetting higher claim costs.
The Allstate Corporation (NYSE: ALL) reported total revenues of $15.3 billion in the first quarter of 2024, up 10.7%, or $1.5 billion, compared to the prior year quarter driven by higher average premiums that resulted in a $1.3 billion increase in Property-Liability earned premium.
Net income was $1.2 billion in the first quarter of 2024 compared to a net loss of $346 million in the prior year quarter, as Property-Liability underwriting results improved. Adjusted net income was $1.4 billion, or $5.13 per diluted share, compared to
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.