Allstate Q1 2024 Adj EPS $5.13 Beats $3.94 Estimate, Premiums Written $13.183B Beat $12.875B Estimate
Portfolio Pulse from Benzinga Newsdesk
Allstate (NYSE:ALL) reported Q1 2024 adjusted EPS of $5.13, surpassing the $3.94 estimate, with premiums written totaling $13.183B, also beating the $12.875B estimate. This represents an 11.88% increase in sales compared to the same period last year.

May 01, 2024 | 8:18 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Allstate reported a significant beat on both EPS and revenue estimates for Q1 2024, with an adjusted EPS of $5.13 against a $3.94 estimate and premiums written of $13.183B against a $12.875B estimate.
Allstate's significant beat on both earnings per share and revenue estimates for Q1 2024 indicates a strong financial performance and operational efficiency. This outperformance, especially in a competitive insurance market, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The substantial growth in sales compared to the same period last year further underscores the company's growth trajectory and operational success.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100