Allstate Corp.’s third-quarter operating earnings rose 34 percent as increased premiums offset higher loss costs. The nation’s second-largest insurer said operating earnings, excluding a restructuring charge and capital gains, rose to $537 million, or 72 cents per share, from $401 million, or 51 cents, in the same quarter 1999. Net profits for the quarter, including a $12 million restructuring charge and $129 million in realized capital gains, rose 31 percent to $644 million, or 87 cents per share, from $490 million, or 62 cents, in the same quarter a year ago.
Topics Trends Profit Loss Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe 
Brookfield Targets Global Dominance in P/C Insurance Coverage 
One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk 
Abbott Presses Congress for Legal Shield Over Preemie Baby Formula Lawsuits 
