Allstate Corp. (ALL: Quote) reported that its second-quarter net income was $423 million, or $0.86 per share, compared to a net loss of $624 million, or $1.19 per share in the prior year quarter.
Operating income for the quarter was $432 million, or $0.87 per share, compared to an operating loss of $647 million, or $1.24 per share in the comparable quarter last year.
Consolidated revenues for the quarter rose to $8.28 billion from $8.08 billion last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share on revenues of $6.82 billion for the quarter. Analysts' estimates typically exclude special items.
Click here to receive FREE breaking news email alerts for Allstate Corp and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org