Allstate Q2 Revenue Rises 4.6% to $17.54 Billion, Beating Estimates

Earnings
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Summary · why it matters

Allstate reported second-quarter revenues of $17.54 billion, up 4.6% year on year and 1.7% above analysts' expectations, in what was an exceptional quarter for the insurer with beats on EPS and net premiums earned estimates. Across the 31 property and casualty insurance stocks tracked in the group, revenues beat consensus estimates by 2.3% and next-quarter revenue guidance came in 0.9% above expectations, though the stocks have collectively declined 2.7% on average since reporting. Allstate shares are down 5% since the results and trade at $251.31. Among peers, Essent Group posted the best quarter with revenues of $362.7 million, up 13.6% year on year and 9.7% above expectations, while Radian Group had the weakest, with revenues of $580.7 million, up 95.7% but in line with expectations and a significant EPS miss. Kinsale Capital Group delivered the biggest estimate beat in the group, with revenues of $548.5 million, up 16.8% year on year and 14.9% above expectations, and HCI Group reported revenues of $246.7 million, up 11.1% and 2.5% above expectations.

Impact on stocks 6

Financials± Mixed · 6 stocks
The Allstate Corporation
ALL
▲ PositiveCapitalrelevance

Allstate Q2 revenue rose 4.6% to $17.54B, beating estimates with EPS and net premiums earned beats.

Essent Group Ltd
ESNT
▲ PositiveCapitalrelevance

Essent Group posted the best quarter in the group with revenue up 13.6% YoY and 9.7% above expectations.

Kinsale Capital Group Inc
KNSL
▲ PositiveCapitalrelevance

Kinsale Capital delivered the biggest estimate beat in the group, revenue up 16.8% YoY and 14.9% above expectations.

Radian Group Inc
RDN
▼ NegativeCapitalrelevance

Radian Group had the weakest quarter with revenue in line with expectations and a significant EPS miss.

HCI Group Inc
HCI
▲ PositiveCapitalrelevance

HCI Group reported revenue of $246.7M, up 11.1% YoY and 2.5% above expectations.