Earnings Briefing and Analysis - Allstate

LONDON, November 17, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings analysis on The Allstate Corp. (NYSE: ALL). On October 29, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on The Allstate Corp. (Allstate). During Q3 FY14, the company's diluted EPS surged 163.6% from Q3 FY13, and its consolidated revenues grew 5.6% from the previous year quarter. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

Allstate's consolidated revenues in Q3 FY14 increased to $8,936 million from $8,465 million in Q3 FY13. Bloomberg analysts' had expected the company to report revenues of $8,643 million. During Q3 FY14, Allstate Protection written premiums increased $367 million from Q3 FY13. Allstate brand written premiums increased $303 million or 4.5% Y-o-Y, Esurance premiums grew $50 million, or 14.0% Y-o-Y, and Encompass premiums increased $14 million, or 4.3% Y-o-Y. However, the company's financial premiums and contract charges declined 12.3% Y-o-Y to $512 million in Q3 FY14 due to the sale of Lincoln Benefit Life Company. The free research on ALL can be downloaded as in PDF format at:

www.Investor-Edge.com/ALLFreeReport

Allstate's operating income during Q3 FY14 decreased to $598 million, or $1.39 per diluted common share, from $713 million, or $1.53 per diluted common share, in Q3 FY13 as a result of catastrophe losses of $517 million, pre-tax, which were $389 million higher than the year-ago quarter. Meanwhile, net income available to Allstate's common shareholders broadened to $750 million, or $1.74 per diluted common share in Q3 FY14, from $310 million, or $0.66 per diluted common share in Q3 FY13. The company's reported net income surpassed Bloomberg analysts' forecasts of $608 million or $1.41 per share.

Commenting on the results, Thomas J. Wilson, Chairman, President and CEO of Allstate, stated that the company saw growth across all its brands and customer segments while generating excellent profitability, despite a significant increase in losses from severe weather. The combination of a unique strategy and operational focus continues to improve the company's competitive position and create value for shareholders. Mr. Wilson mentioned that, over the last year, the company added 790,000 policies in force, a 2.4% improvement, and net written premiums increased by $1.4 billion for the trailing twelve months. Profitability was also strong and consistent with Allstate's strategic direction and a proactive approach to managing risk and return, he added. Sign up and read the free analyst's notes on ALL at:

www.Investor-Edge.com/ALL-17112014

Steve Shebik, CFO of Allstate, stated that during Q3 FY14, the company returned $1.05 billion to shareholders through common stock dividends and repurchasing 3.6% of its outstanding shares. Mr. Shebik added that the company's book value per diluted common share increased 11.0% from a year ago, to $48.28 at the end of Q3 FY14.

Stock Performance  

On the day following the earnings release, October 30, 2014, Allstate's stock ended the session at $63.91, up 1.48%. The stock has maintained mostly a positive trend since then. However, on the last close, Friday, November 14, 2014, it finished at $66.58, down 0.51%, after vacillating between $66.43 and $67.01. A total of 1.56 million shares were traded, which was below its three months average volume of 2.18 million shares. Over the last one month and previous three months, the company's shares have gained 9.92% and 9.71%, respectively. Further, the company's stock has gained 22.08% since the beginning of this year. Shares in Allstate closed above its 50-day and 200-day moving averages of $62.56 and $58.61, respectively. Furthermore, the stock traded at a PE ratio of 12.40 and has a Relative Strength Index (RSI) of 71.00. Visit Investor-Edge and access the latest research on ALL at:

www.Investor-Edge.com/ALLEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, there were 12 insider transactions by 4 individuals. On October 27, 2014, Steven C. Verney, Executive VP and Chief Risk Officer at Allstate, bought 20,271 shares of the company at a price of $16.83 per share and on the very day he sold an equal number of shares at $63.00 per share. On the same day, Samuel H. Pilch, Senior Group VP and Controller at Allstate, purchased 51,346 shares at an average price of $53.46 per share and disposed the same amount of shares at a price of $63.00 a share. On November 03, 2014, James David DeVries, Executive VP and Chief Administrative Officer at Allstate, bought 9,374 shares at a price of $16.83 per share and disposed the equal amount of share at the price of $65.00 per share. Also, on November 04, 2014, Mr. DeVries purchased and sold 40,626 shares at a price of $16.83 and $65.00 per share, respectively. Moreover, on November 05, 2014, Susan L. Lees, Executive VP and General Counsel at Allstate, was issued 14,337 shares at a price of $16.83 per share and sold an equal number of shares at an average price of $65.50 per share on the same day. Complimentary in-depth research on ALL is available at:

www.Investor-Edge.com/ALLInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED