(Photo: Diego M. Radzinschi/ALM)
Allstate's third quarter results exceeded expectations despite more than a billion dollars in catastrophe losses related to Hurricanes Beryl, Debby, Francine and Helene.
Total revenues for the period reached $16.6 billion to notch a $2.1 billion increase from the same time in 2023, the company reported. Meanwhile, adjusted net income reached $1 billion in the quarter, compared to adjusted net income of $214 million during the same period last year.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
