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Allstate: 3Q Earnings Snapshot

·1 min read

NORTHBROOK, Ill. (AP) _ Allstate Corp. (ALL) on Wednesday reported third-quarter earnings of $1.15 billion.

The Northbrook, Illinois-based company said it had profit of $3.58 per share. Earnings, adjusted for non-recurring gains, came to $2.94 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.

The insurer posted revenue of $11.5 billion in the period. Its adjusted revenue was $11.06 billion.

Allstate shares have declined 18% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 7%. In the final minutes of trading on Wednesday, shares hit $92.04, a decline of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALL at https://www.zacks.com/ap/ALL