Allstate Tops In 4Q On Low CAT Loss
Allstate Corporation’s (NYSE:ALL) fourth-quarter 2011 operating earnings of $1.48 per share came in substantially higher than the Zacks Consensus Estimate of 94 cents and the year-ago quarter’s earnings of 50 cents per share. Results for the quarter reflected lower catastrophe (CAT) losses, which further led to reduced claims expenses coupled with higher premiums. These were [...]
Allstate Corporation’s (NYSE:ALL) fourth-quarter 2011 operating earnings of $1.48 per share came in substantially higher than the Zacks Consensus Estimate of 94 cents and the year-ago quarter’s earnings of 50 cents per share.
Results for the quarter reflected lower catastrophe (CAT) losses, which further led to reduced claims expenses coupled with higher premiums. These were offset by lower investment income and policies-in-force in Property-Liability insurance. However, prudent capital … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards