The Allstate Corporation Fourth Quarter 2023 Earnings Presentation 02.08.2024 Forward-looking statements and non-GAAP financial information This presentation contains forward-looking statements Additional information on factors that could cause results and information. This presentation also contains non- to differ materially from this presentation is available in the GAAP measures that are denoted with an asterisk. You 2022 Form 10-K, Form 10-Q for September 30, 2023, our can find the reconciliation of tho ...

财务数据和关键指标变化 - 第四季度收入为148亿美元,同比增长8.7% [15] - 全年收入为570亿美元,同比增长11.1% [16] - 第四季度调整后净收益为15亿美元,每股5.82美元 [16] - 全年实现正的调整后净收益 [16] 各条业务线数据和关键指标变化 财产-责任险 - 第四季度已赚保费增长10.7%,主要由于2022年和2023年的费率上涨 [23] - 第四季度承保收益为13亿美元,同比改善24亿美元,主要由于保费增加、基本赔付经验改善、灾害损失降低和运营效率提高 [24] - 第四季度综合成本率为89.5%,同比改善19.6个百分点 [25] - 全年综合成本率为104.5%,主要受到前三季度高额灾害损失的影响 [29] 汽车保险 - 第四季度综合成本率为98.9%,同比改善13.7个百分点 [30] - 基本综合成本率逐季下降,反映了利润改善计划的效果 [31] - 赔付成本趋势仍处于历史高位,但增速有所放缓,主要体现在物理损害赔付 [34] 家庭保险 - 第四季度净承保保费增长13.3%,主要由于平均保费上升和投保量小幅增加 [46] - 第四季度综合成本率为62%,同比大幅改善,主要受益于较低的灾害损失 [49] - 全年综合成本率上升,主要由于前三季度高额灾害损失 [50] 各个市场数据和关键指标变化 - 加州、纽约和新泽西三个州的费率上涨分别为30%、14.6%和17%,占公司总保费的36% [36][37] - 不包括上述三州,公司汽车保险基本综合成本率为95.9% [38] - 公司在65%的州份实现综合成本率低于100%,较2022年年末翻了一倍 [37] 公司战略和发展方向及行业竞争 - 公司战略包括提高财产-责任险市场份额和扩大为客户提供的保护 [10] - 公司正在实施利润改善计划,包括费率上调、费用削减、承保措施调整和理赔实践优化 [17][19][20][21] - 公司将利用改善的汽车保险利润水平,在更多州份推进变革性增长计划 [12] - 公司正在积极拓展保护服务业务,如保修计划、身份保护、道路救援等 [14] - 公司面临激烈的行业竞争,主要竞争对手如Progressive和GEICO也在加大广告投放和市场份额争夺 [126][127] 管理层对经营环境和未来前景的评论 - 第四季度天气较温和,缓解了前三季度高额灾害损失 [11] - 主动延长债券久期提高了投资收益 [12] - 汽车保险利润改善计划取得进展,但仍需进一步努力 [12] - 公司有信心通过变革性增长计划和保护服务业务拓展来持续提升股东价值 [14] 问答环节重要的提问和回答 问题1 **Jimmy Bhullar 提问** 公司在加州、纽约和新泽西三个州的费率上调是否已经足够,未来是否还需要进一步调整 [83] **Mario Rizzo 回答** 公司在这三个州的费率调整情况不尽相同: - 加州:公司获得了30%的全额费率上调,目前已经恢复在该州的承保 - 新泽西:公司获得的17%费率上调尚不足够,公司将继续采取限制承保的措施,同时计划再次申请费率上调 [86][87] - 纽约:公司获得14.6%的费率上调,但仍需要进一步上调以达到充分的利润水平 [88] 问题2 **Gregory Peters 提问** 公司如何在降低费用的同时实现增长 [100] **Tom Wilson 和 Mario Rizzo 回答** - 通过提高分销效率、降低运营成本和优化理赔流程等方式持续降低费用 [103][104][111][112][113] - 同时适当增加广告投放,以支持在利润水平改善的州份实现增长 [126][127] - 新业务带来的损失率略高,但公司会根据风险特征合理定价,并在整体上控制好综合成本率 [194][195][196] 问题3 **Yaron Kinar 提问** 公司未来增长的速度和力度如何,是通过提高续保率还是新业务拓展 [125] **Tom Wilson 和 Mario Rizzo 回答** - 公司增长速度将取决于市场竞争环境,主要竞争对手也在加大市场份额争夺 [126][127] - 公司将通过提高续保率和新业务拓展并举来实现增长 [131][132][133] - 随着更多州份利润水平改善,公司将逐步放开之前实施的承保限制,同时加大广告投放力度 [194][195]

Allstate第四季度业绩 - Allstate在第四季度轻松超过预期，股价上涨6%[1] - 相对温和的冬季对Allstate等家庭和汽车保险公司有利，第四季度每股收益为5.82美元，营收达到148.3亿美元，超过华尔街预期[2] - 公司报告第四季度净收入15亿美元，CEO Tom Wilson将其归因于“改善的汽车盈利能力和温和的天气”，营收同比增长8.7%[3] Allstate2023年业绩 - Allstate报告2023年亏损3.16亿美元，营收达到571亿美元，相比2022年亏损14亿美元，营收514亿美元有所改善[4] Allstate定价策略 - Allstate一直致力于现代化定价，结果表明这些努力取得了预期的效果，如果公司能正确定价保单，那么有很大的容错空间[5] Allstate股价表现 - 尽管股价在过去一年上涨了17%，但增长和盈利能力存在明显的限制，未来几个季度股价能否进一步上涨仍存在疑问[6] - 股价虽然最初上涨了6%，但随后仅上涨了1.7%，目前没有令持有者担心的事情，但目前没有真正令人信服的理由赶紧入场[7]

For the quarter ended December 2023, Allstate (ALL) reported revenue of $14.91 billion, up 10% over the same period last year. EPS came in at $5.82, compared to -$1.36 in the year-ago quarter. The reported revenue represents a surprise of -0.94% over the Zacks Consensus Estimate of $15.05 billion. With the consensus EPS estimate being $3.87, the EPS surprise was +50.39%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Allstate (ALL) came out with quarterly earnings of $5.82 per share, beating the Zacks Consensus Estimate of $3.87 per share. This compares to loss of $1.36 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 50.39%. A quarter ago, it was expected that this insurer would post earnings of $0.39 per share when it actually produced earnings of $0.81, delivering a surprise of 107.69%. Over the last four quarters, the company has surp ...

Allstate 公司财务业绩报告 - Allstate公司已提交第四季度截至2023年12月31日的财务业绩报告[1] - Allstate公司将于2月8日上午9点举行电话会议和网络直播，讨论第四季度业绩[2] - 访问www.allstateinvestors.com可以查看Form 8-K、财报和投资者补充资料，以及获取电话会议和网络直播录音[3] - 可以在网站上订阅电子邮件提醒和新闻发布的RSS订阅，及时了解Allstate公司的财务信息[4]

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today reported financial results for the fourth quarter of 2023. The Allstate Corporation Consolidated Highlights (1) Three months ended Twelve months ended December 31, December 31, ($ in millions, except per share data and % / pts % / pts 2023 2022 2023 2022 ratios) Change Change Consolidated revenues $14,832$13,648 8.7 % $57,094 $51,411 11.1 % Net income (loss) applicable to common 1,460 (303 )NM (316 ) (1,394 ) (77.3) shareholders p ...

The Allstate Corporation (ALL) is scheduled to release fourth-quarter 2023 results on Feb 7, after the closing bell. Q4 Estimates The Zacks Consensus Estimate for Allstate’s fourth-quarter earnings per share (EPS) is pegged at $3.87. A loss of $1.36 per share was reported in the prior-year quarter. The consensus mark for revenues is $15.1 billion, which indicates an improvement of 11.1% from the prior-year quarter’s reported figure. Allstate’s bottom line beat estimates in three of the trailing four quarter ...

Wall Street analysts forecast that Allstate (ALL) will report quarterly earnings of $3.87 per share in its upcoming release, pointing to a year-over-year increase of 384.6%. It is anticipated that revenues will amount to $15.05 billion, exhibiting an increase of 11.1% compared to the year-ago quarter. The consensus EPS estimate for the quarter has undergone a downward revision of 2.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassesse ...

PM Images We are always on the lookout for dividend increases! Whether it is on our website or social media platforms, we are always sharing dividend increase news. In this article, we are featuring 11 expected dividend increases in February 2024! Why do we suspect these companies are going to pay a dividend in February? The 11 dividend stocks featured in this article all have a history of increasing its dividend in February. The funny thing about large, blue-chip dividend paying stocks is that they are gen ...