The company said total revenues for Q2 2024 were $15,714 million ($13,979 million in the prior-year quarter), and net income applicable to common shareholders of $301 million compared with a net loss of $(1,389) million a year earlier.

1. 01

   The company said total revenues for Q2 2024 were $15,714 million ($13,979 million in the prior-year quarter), and net income applicable to common shareholders of $301 million compared with a net loss of $(1,389) million a year earlier.

2. 02

   Allstate said the Property-Liability combined ratio for Q2 was 101.1 (117.6 a year earlier), and the underlying combined ratio was 85.3 (92.9 a year earlier). The company cited higher earned premiums, improved underlying loss experience and operating efficiencies as factors behind the underlying combined ratio improvement.

3. 03

   The company said Property-Liability premiums written for Q2 rose 11.9% to $13.3 billion, and underwriting loss narrowed to $145 million from $2.1 billion a year earlier. It cited higher average premiums from rate increases as a driver of the premium growth.

4. 04

   Allstate said net investment income for Q2 was $712 million on its $70.6 billion portfolio, up $102 million from a year earlier. It said higher market-based income partially offset lower performance-based income.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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