ALL Earnings Prediction
The chart below shows how ALL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ALL sees a +1.07% change in stock price 10 days leading up to the earnings, and a +3.79% change 10 days following the report. On the earnings day itself, the stock moves by -0.01%. This data can give you a slight idea of what to expect for the next quarter's release.
ALL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
16.63B
14.69%
5.81%
Gross Margin
--
--
--
Operating Margin
9.32%
779.25%
170.93%
Net Margin
7.00%
23433.33%
216.74%
EPS
4.33
2806.25%
283.19%
No Data Available
ALL Earnings Analysis
The Allstate Corporation Corporation (ALL.N) Earnings Conference Call
Positive
Revenue Increase Q3 2024: 1. Strong Revenue Growth: Allstate reported total revenues of $16.6 billion for Q3 2024, reflecting a 14.7% increase compared to the prior year quarter.
Net Income Improvement: 2. Improved Net Income: The company generated net income of $1.2 billion, with adjusted net income of $3.91 per share, showcasing strong profitability.
Underwriting Income Improvement: 3. Significant Underwriting Income Improvement: Underwriting income for the Property-Liability segment improved by $909 million year-over-year, reaching $495 million in Q3 2024.
New Business Applications Surge: 4. Increased New Business Applications: Allstate experienced a 26% increase in new business applications in Q3 2024, indicating strong demand and growth potential.
Investment Income Increase: 5. Robust Investment Income: Net investment income totaled $783 million, which is 13.6% higher than the prior year quarter, benefiting from higher portfolio yields.
Negative
Policy Retention Decline: 1. Decline in Policies in Force: Overall policies in force declined by 1.5%, reflecting a decrease in customer retention to 84.7%, which is 0.2 points below the prior year quarter.
Rising Loss Ratio: 2. Increased Loss Ratio: The loss ratio for the Property-Liability business was $1.7 billion, which was 2.8 points higher than the prior year quarter, indicating increased claims costs.
Increased Expense Ratio: 3. Higher Expense Ratio: The expense ratio increased to 21.5, which is 0.3 points higher than the prior year, attributed to increased advertising costs.
Auto Insurance Retention Decline: 4. Underperformance in Auto Insurance Retention: Auto insurance retention declined by 2.7 points over the last 10 quarters, significantly impacted by cumulative rate increases of 36%.
Decline in Health Segment Income: 5. Lower Adjusted Net Income in Health Segment: Adjusted net income for the health segment was $37 million, which is $32 million lower than the prior year quarter due to increased benefit utilization across all businesses.
ALL FAQs
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ALL Earning Call Sentiment
The Allstate Corporation (ALL) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ALL.N
3.83%Positive
The earnings call shows strong financial performance with increased revenues, net income, and underwriting income. Despite some challenges like competitive pressures and supply chain issues, the company is executing a transformative growth strategy and expanding through acquisitions. The Q&A section reveals a focus on organic growth and market share improvement, although management was vague about specific growth projections. The shareholder return plan, including a divestiture generating significant capital, further supports a positive outlook. These factors, coupled with optimistic guidance and strategic growth plans, suggest a positive stock price movement over the next two weeks.