Allstate (ALL) Reports Q2 Earnings: What Key Metrics Have to Say

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Allstate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Property-Liability - Combined Ratio: 86.6% versus the seven-analyst average estimate of 93.9%.
• Property-Liability - Expense Ratio: 21.8% versus the six-analyst average estimate of 21.4%.
• Property-Liability - Loss Ratio: 64.8% compared to the 72% average estimate based on six analysts.
• Allstate Protection - Auto Insurance - Combined Ratio: 83.3% compared to the 91.9% average estimate based on five analysts.
• Property-Liability- Net Premiums Earned: $14.92 billion versus $15.19 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +4% change.
• Underwriting Income- Property-Liability: $2.01 billion versus $989.25 million estimated by seven analysts on average.
• Property-Liability- Net Investment Income: $885 million compared to the $771.15 million average estimate based on seven analysts. The reported number represents a change of +28.8% year over year.
• Property-Liability- Other Revenue: $568 million versus $534.16 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +12.7% change.
• Corporate and Other- Net Investment Income: $96 million compared to the $51.74 million average estimate based on six analysts. The reported number represents a change of +159.5% year over year.
• Protection Services- Net Investment Income: $25 million versus $22.81 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
• Protection Services- Net Premiums Earned: $752 million compared to the $774.69 million average estimate based on five analysts. The reported number represents a change of +8.2% year over year.
• Revenues- Property and casualty insurance premiums: $15.67 billion versus the five-analyst average estimate of $16.08 billion. The reported number represents a year-over-year change of +4.2%.

View all Key Company Metrics for Allstate here>>>

Shares of Allstate have returned +4.4% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Research Chief Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research