NORTHBROOK, Ill. (AP) _ Allstate Corp. (ALL) on Tuesday reported third-quarter net income of $931 million.
The Northbrook, Illinois-based company said it had profit of $2.67 per share. Earnings, adjusted for non-recurring costs, were $2.84 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.
The insurer posted revenue of $11.07 billion in the period. Its adjusted revenue was $10.87 billion.
Allstate shares have climbed 31% since the beginning of the year, while the Standard & Poor's 500 index has climbed 21%. In the final minutes of trading on Tuesday, shares hit $108.22, an increase of 16% in the last 12 months.