Personal lines insurer Allstate's Q3 revenue beats estimates

Allstate

05/11/2025 23:09

Overview

Allstate Q3 revenue rises 3.8% to $17.3 bln, beating analyst expectations

Adjusted EPS for Q3 at $11.17, surpassing consensus estimates

Net income for Q3 at $3.7 bln, driven by strong operating performance

Outlook

Allstate expects continued growth in Property-Liability market share

Company plans to deploy AI to reduce costs and enhance customer value

Allstate aims to expand Protection Plans internationally

Result Drivers

PROPERTY-LIABILITY GROWTH - Increased market share in non-standard auto and homeowners insurance, supported by new products and expanded distribution

PROTECTION PLANS EXPANSION - International growth in Protection Plans with a 14.8% revenue increase over the prior year

LOWER CATASTROPHE LOSSES - Reduced catastrophe losses contributed to improved combined ratios and underwriting income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$17.26 bln
$15.66 bln (6 Analysts)
Q3 Adjusted EPS
Beat
$11.17
$7.54 (20 Analysts)
Q3 Adjusted Net Income
Beat
$2.98 bln
$1.93 bln (15 Analysts)
Q3 Net Income
$3.72 bln
Q3 Adjusted Combined Ratio
78.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for Allstate Corp is $237.00, about 17.8% above its November 5 closing price of $194.75

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw5mgbDa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)