We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Allstate (ALL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended December 2023, Allstate (ALL - Free Report) reported revenue of $14.91 billion, up 10% over the same period last year. EPS came in at $5.82, compared to -$1.36 in the year-ago quarter.
The reported revenue represents a surprise of -0.94% over the Zacks Consensus Estimate of $15.05 billion. With the consensus EPS estimate being $3.87, the EPS surprise was +50.39%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Allstate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Property-Liability- Net Premiums Earned: $12.60 billion versus $12.58 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +10.7% change.
Property-liability- Other Revenue: $410 million compared to the $380.46 million average estimate based on seven analysts. The reported number represents a change of +17.1% year over year.
Property-Liability- Net Investment Income: $538 million versus $587.79 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.
Allstate Health and Benefits Segment- Other Revenue: $141 million compared to the $118.35 million average estimate based on six analysts. The reported number represents a change of +12.8% year over year.
Allstate Health and Benefits- Total Premiums and contract charges: $467 million versus the six-analyst average estimate of $446.75 million.
Corporate and Other- Net Investment Income: $24 million compared to the $25.41 million average estimate based on six analysts. The reported number represents a change of -20% year over year.
Allstate Health and Benefits Segment- Net Investment Income: $22 million compared to the $20.29 million average estimate based on six analysts.
Revenues- Net investment income: $604 million versus $643.18 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change.
Protection Services- Net Investment Income: $20 million compared to the $19.66 million average estimate based on five analysts. The reported number represents a change of +42.9% year over year.
Protection Services- Net Premiums Earned: $587 million versus $609.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.9% change.
Protection Services- Intersegment Insurance Premiums and Service Fees: $36 million versus the four-analyst average estimate of $34.06 million. The reported number represents a year-over-year change of +16.1%.
Protection Services- Other Revenue: $76 million versus the four-analyst average estimate of $76.76 million. The reported number represents a year-over-year change of -2.6%.
Shares of Allstate have returned +4.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Allstate (ALL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Allstate (ALL - Free Report) reported revenue of $14.91 billion, up 10% over the same period last year. EPS came in at $5.82, compared to -$1.36 in the year-ago quarter.
The reported revenue represents a surprise of -0.94% over the Zacks Consensus Estimate of $15.05 billion. With the consensus EPS estimate being $3.87, the EPS surprise was +50.39%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Allstate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Property-Liability- Net Premiums Earned: $12.60 billion versus $12.58 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +10.7% change.
- Property-liability- Other Revenue: $410 million compared to the $380.46 million average estimate based on seven analysts. The reported number represents a change of +17.1% year over year.
- Property-Liability- Net Investment Income: $538 million versus $587.79 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.
- Allstate Health and Benefits Segment- Other Revenue: $141 million compared to the $118.35 million average estimate based on six analysts. The reported number represents a change of +12.8% year over year.
- Allstate Health and Benefits- Total Premiums and contract charges: $467 million versus the six-analyst average estimate of $446.75 million.
- Corporate and Other- Net Investment Income: $24 million compared to the $25.41 million average estimate based on six analysts. The reported number represents a change of -20% year over year.
- Allstate Health and Benefits Segment- Net Investment Income: $22 million compared to the $20.29 million average estimate based on six analysts.
- Revenues- Net investment income: $604 million versus $643.18 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change.
- Protection Services- Net Investment Income: $20 million compared to the $19.66 million average estimate based on five analysts. The reported number represents a change of +42.9% year over year.
- Protection Services- Net Premiums Earned: $587 million versus $609.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.9% change.
- Protection Services- Intersegment Insurance Premiums and Service Fees: $36 million versus the four-analyst average estimate of $34.06 million. The reported number represents a year-over-year change of +16.1%.
- Protection Services- Other Revenue: $76 million versus the four-analyst average estimate of $76.76 million. The reported number represents a year-over-year change of -2.6%.
View all Key Company Metrics for Allstate here>>>Shares of Allstate have returned +4.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.