Allstate Q1 EPS Beats, Revenue Up 3%

Allstate reported adjusted EPS of $10.65, surpassing consensus $7.68 by $2.97.
Revenue reached $16.94 billion, beating $15.12 billion estimate and rising 3.0% YoY from $16.45 billion.
Property‑Liability underwriting income jumped to $2.7 billion from $360 million, with combined ratio improving to 82.0 from 97.4.
Net income rose to $2.4 billion from $566 million, and net investment income grew 9.8% to $938 million.