Allstate reports Q4 adjusted EPS $5.82, consensus $3.99

Reports Q4 revenue $14.83B, consensus $12.94B. “Allstate had strong profitability in the quarter with net income of $1.5 billion due to improved auto profitability and mild weather,” said Tom Wilson, Chair, President and CEO of The Allstate Corporation. “Improved underwriting performance and higher investment income generated adjusted net income* of $1.5 billion in the fourth quarter, or $5.82 per diluted common share. Property-Liability written premiums increased to $12.6 billion, 10.1% over the prior year quarter driven by rate increases in auto and home insurance and growth in policies at National General. Property-Liability underwriting income totaled $1.3 billion in the quarter with a combined ratio of 89.5. The investment portfolio return was 4.6% as proactive actions, including fixed income duration extension, resulted in excellent investment returns.”