Allstate Corp (NYSE:ALL) reported mixed results for the first quarter after the closing bell on Wednesday.
The company posted quarterly earnings of $10.65 per share which beat the analyst consensus estimate of $7.29 per share. The company reported quarterly sales of $14.625 billion which missed the analyst consensus estimate of $15.099 billion.
“Allstate’s strategy and execution capabilities generated strong earnings and increased growth in the first quarter,” said Tom Wilson, who leads The Allstate Corporation. “Revenues were $16.9 billion and net income was $2.4 billion. Policies in force reached 212 million, reflecting increased growth in auto and homeowners insurance and Protection Plans. The Property-Liability combined ratio was strong, …