ALL Q3 Earnings Beat on Protection Services Unit Strength
Yesterday, 1:51 PM·
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Summary
Allstate (ALL) reported Q3 earnings that beat estimates by 38.8%, driven by growth in its Protection Services unit and higher investment income. Results held up despite surging catastrophe losses. The article lists UNTC as an associated symbol.
Allstate Q3 Earnings Beat Estimates on Protection Services Strength
Allstate’s third-quarter earnings beat estimates by 38.8%, according to a Zacks.com report. The beat was fueled by growth in the company’s Protection Services unit and higher investment income.
Catastrophe Losses Weigh on Results
The results held up despite surging catastrophe losses, the report said.
Key Drivers
- Growth in the Protection Services unit
- Higher investment income
The report lists UNTC as an associated symbol.