Allstate (NYSE: ALL) reported Q1 EPS of $5.13, $1.19 better than the analyst estimate of $3.94. Revenue for the quarter came in at $15.26 billion versus the consensus estimate of $12.74 billion.

“Allstate’s broad-based profitability reflects the benefits of strong operating capabilities, decisive actions to improve shareholder value and lower catastrophe losses,” said Tom Wilson, Chair, President and CEO of The Allstate Corporation. “Auto profitability was enhanced as a growing number of states achieved targeted margin levels in the quarter. Industry leading home insurance capabilities, when combined with lower catastrophe losses, further improved profitability. Investment income increased primarily due to higher yields and extension of fixed income maturities over the last 18 months. Revenues reached $15.3 billion for the quarter, increasing 10.7% compared to the prior year. Net income was $1.2 billion with adjusted net income* of $5.13 per diluted common share.”

“Allstate’s results support accelerated execution of the strategy to increase auto and home insurance market share and broaden protection provided to customers. Attractive auto insurance margins supported a significant increase in Allstate brand advertising, resulting in greater new business through Allstate agents and direct operations. National General increased policy growth through independent agents. Progress was also made in broadening protection offerings, with Allstate Protection Plans’ revenues increasing by over 20% due to an expanded product set and international growth. Allstate’s strategy, operational expertise, people, and financial strength will enable us to continue creating value for customers and shareholders,” concluded Wilson.

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