Allstate Corp. (ALL) reported that its first-quarter net income fell 7.6 percent to $709 million, or $1.47 per share, down from $766 million, or $1.53 per share in 2012.
Operating income was $2647 million, or $1.35 per share, down from $710 million, or $1.42 per share in the first quarter of 2012.
Catastrophe losses during the current quarter spiked to $359 million from $259 million in the year-ago period.
Meanwhile, consolidated revenues for the quarter rose to $8.462 billion from $8.362 billion in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.30 per share on revenues of $6.60 billion for the quarter. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.