Allstate tops profit estimates on higher premiums, investment returns

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 47 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Allstate Nachrichten

Investment Returns,Economic Conditions

Insurers usually see stable product demand irrespective of economic conditions, mainly due to the widespread adoption of employer-sponsored and government...

- Insurer Allstate posted an upbeat first-quarter profit on Wednesday, helped by higher premiums and stronger investment returns.

Allstate's adjusted first-quarter swung to a profit of $5.13 per share in the three months ended March 31 from a loss of $1.30 per share in the year ago quarter. Analysts on an average estimated the company to post a profit of $3.94 per share, according to LSEG data.Allstate's investment income, on the other hand, rose to $764 million in the quarter from $575 million in 2023, mostly on the back of higher market-based and performance-based income.

This dividend stock is near 52-week highs, but still down from all-time highs, with a highly valuable P/E ratio you won't want to miss. The post 1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.Long-term investing in resilient dividend stocks can help you convert $95,000 into $1 million. Here's how.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 47. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Allstate Earnings Beat Estimates on Lower Catastrophe LossesAllstate Corp. reported earnings that beat estimates as the property & casualty insurer benefitted from lower catastrophe losses.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Investment Plans for Japan’s Insurers Will Likely Favor JGBsJapan’s life insurers are likely to buy more domestic sovereign bonds this year after the end of negative interest rates in the country.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »