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 Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
Temu Fined €200 Million by EU Over Dangerous Toys, Chargers 
Florida’s Property Tax Plan Risks Charging Fees for ‘Everything’ 
