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 Allstate
Was this article valuable?
Here are more articles you may enjoy.
Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B 
Man Admits to Tracking Drivers, Programming Keys, Stealing and Reselling Vehicles 
What Disruptions Have Been Reported After the Global Tech Outage? 
Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement 
