Overview

* Allstate ( ALL ) Q3 revenue rises 3.8% to $17.3 bln, beating analyst expectations

* Adjusted EPS for Q3 at $11.17, surpassing consensus estimates

* Net income for Q3 at $3.7 bln, driven by strong operating performance

Outlook

* Allstate ( ALL ) expects continued growth in Property-Liability market share

* Company plans to deploy AI to reduce costs and enhance customer value

* Allstate ( ALL ) aims to expand Protection Plans internationally

Result Drivers

* PROPERTY-LIABILITY GROWTH - Increased market share in non-standard auto and homeowners insurance, supported by new products and expanded distribution

* PROTECTION PLANS EXPANSION - International growth in Protection Plans with a 14.8% revenue increase over the prior year

* LOWER CATASTROPHE LOSSES - Reduced catastrophe losses contributed to improved combined ratios and underwriting income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $17.26 $15.66

Revenue bln bln (6

Analysts

)

Q3 Beat $11.17 $7.54

Adjusted (20

EPS Analysts

)

Q3 Beat $2.98 $1.93

Adjusted bln bln (15

Net Analysts

Income )

Q3 Net $3.72

Income bln

Q3 78.70%

Adjusted

Combined

Ratio

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy"

* Wall Street's median 12-month price target for Allstate Corp ( ALL ) is $237.00, about 17.8% above its November 5 closing price of $194.75

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)