Allstate Starts 2017 With Strong Profitability

NORTHBROOK, Ill., May 2, 2017

The Allstate Corporation Consolidated Highlights
	Three months ended March 31,
($ in millions, except per share data and ratios)	2017			2016 ARIVA.DE Börsen-Geflüster Kurse Allstate Corp. 170,25 $ -1,21%			% / pts Change
Consolidated revenues	$	9,434		$	8,871		6.3
Net income applicable to common shareholders	666			217			206.9
per diluted common share	1.79			0.57			214.0
Operating income*	608			322			88.8
per diluted common share*	1.64			0.84			95.2
Return on common shareholders' equity
Net income applicable to common shareholders	11.6		%	8.3		%	3.3 pts
Operating income*	11.9		%	10.2		%	1.7 pts
Book value per common share	52.41			48.89			7.2
Property-Liability combined ratio
Recorded	93.6			98.4			(4.8) pts
Underlying combined ratio* (excludes catastrophes, prior year reserve reestimates and amortization of purchased intangibles)	84.8			87.2			(2.4) pts
Catastrophe losses	781			827			(5.6)

"We are off to a strong start in 2017 on both operating priorities and strategic initiatives. The value of providing customers a broad range of protection products across North America was evident as significant catastrophe losses from large hail storms were offset by favorable winter weather that reduced the number of auto accidents. Overall net income was $666 million, $1.79 per share, for the first quarter, a significant increase compared to last year," said Tom Wilson, chairman and chief executive officer of The Allstate Corporation. "We made excellent progress on our operating priorities of better serving customers, achieving economic returns on capital and proactively managing investments. First quarter results for the investment portfolio were solid as investment income increased to $748 million and total return was 1.6%. Allstate Financial generated $110 million of operating income due to higher investment results.

"We also made progress on increasing the customer base and building long-term growth platforms. The acquisition of SquareTrade closed in January, expanding our product offerings and distribution and increasing policies in force to over 73 million. The number of auto insurance policies, however, declined for the Allstate, Esurance and Encompass brands, reflecting the continued impact of auto insurance profit improvement plans put in place in 2015. Allstate Benefits continued its 17-year record of growth with policies increasing by 7% to 4 million. We also continue to invest in a number of innovative protection services such as Arity and Allstate Roadside. Overall we made progress on achieving our purpose of serving customers, shareholders and communities, which enhances our reputation and strengthens our business. See How Corporations Can Be A Force For Good," concluded Wilson.

Operating Results: First Quarter 2017

• Total revenue of $9.4 billion in the first quarter of 2017 increased by 6.3% compared to the prior year quarter.
• Property-liability insurance premiums increased 3.1%
• Allstate Financial premiums and contract charges rose 4.8%
• Net investment income increased 2.3%
• Realized capital gains were $134 million, compared to losses of $149 million in the prior year quarter
• Net income applicable to common shareholders was $666 million, or $1.79 per diluted share, in the first quarter of 2017, compared to $217 million, or $0.57 per diluted share, in the first quarter of 2016. Operating income* was $608 million in the first quarter of 2017, compared to $322 million in the first quarter of 2016.
• Property-liability net income of $652 million was $430 million higher than the first quarter of 2016. Underwriting income of $507 million was $382 million above the prior year quarter, driven by a lower loss ratio, which was a result of increased average premiums, improved loss trends, favorable prior year reserve releases and lower catastrophe losses.
• The underlying combined ratio* of 84.8 for the first quarter of 2017 was 2.4 points lower than the first quarter of 2016, reflecting improvement in the auto underlying loss ratio across all three underwritten brands. This was partially offset by an increased Allstate brand auto expense ratio, driven by investments in growth, and a higher Allstate brand homeowners underlying combined ratio compared to a very favorable first quarter of 2016. Homeowners underlying margins remain in our targeted range of performance. The annual outlook range for the underlying combined ratio is 87-89⁽¹⁾.

Property-Liability Results
	Three months ended March 31,
(% to earned premiums)	2017		2016		pts Change
Recorded Combined Ratio	93.6		98.4		(4.8)
Allstate Brand Auto	90.6		99.0		(8.4)
Allstate Brand Homeowners	93.7		93.4		0.3
Allstate Brand Other Personal Lines	93.1		92.6		0.5
Esurance	102.4		106.2		(3.8)
Encompass	111.7		105.8 Werbung Mehr Nachrichten zur Allstate Corp. Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 09:50 - PR Newswire Datang Intnl Pwr Gen - CHANGE OF JOINT COMPANY SECRETARY ANNOUNCEMENT 08:28 - PR Newswire Samson Rock Capital LLP - Form 8.3 - Gresham Technologies Plc 07:13 - PR Newswire Stellar Asset Management Ltd - Form 8.3 - Equals Group Plc Sehen Sie sich dieses Unternehmen an:    Foto: andreas160578 - Pixabay Rasanter Aufstieg, Branchenrevolution und Jahresumsatz von 50 Mio. $ weiterlesen» Anzeige wo-site-teaser-box-16764_site-teaser-box_2024-04-26_09%253A00%253A00_2024-04-27_09%253A00%253A59