Allstate (ALL) Tops Q4 EPS by 56c
Get Alerts ALL Hot Sheet
Revenue Growth %: -7.6%
Financial Fact:
Weighted average shares - Basic (in shares): 371.5M
Today's EPS Names:
RUSHA, SEIC, OSBC, More
Join SI Premium – FREE
Allstate (NYSE: ALL) reported Q4 EPS of $2.09, $0.56 better than the analyst estimate of $1.53. Revenue for the quarter came in at $9.84 billion versus the consensus estimate of $7.99 billion.
“In 2017, Allstate excelled at delivering strong current results and implementing multiple initiatives to drive long-term profitable growth,” said Tom Wilson, Chairman and Chief Executive Officer of The Allstate Corporation. “Policies in force reached 82.3 million, revenues grew 5% to $38.5 billion and net income was $3.07 billion due to strong performance from our market-facing businesses and investments. The Tax Cuts and Jobs Act resulted in a $506 million increase to net income and will provide future additional resources to accelerate the company’s strategies. Fourth quarter adjusted net income* was $762 million, excluding the impact of tax reform and goodwill impairment related to changes in reportable segments, as auto and homeowners insurance margins remained strong and performance-based investments had outstanding results. Adjusted net income return on equity* was 13.3% for 2017 and book value per share increased by 13.4% for the year. Shareholders received cash returns of $1.9 billion in 2017, which was 6% of the average market capitalization, through a combination of dividends and share repurchases.”
For earnings history and earnings-related data on Allstate (ALL) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
- Amphenol (APH) Reports Q1, Announces $2B Share Buyback
- Genco Shipping & Trading Limited (GNK) Sends Letter to Shareholders
Create E-mail Alert Related Categories
Earnings, Guidance, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!