Allstate Q1 Profit Declines - Quick Facts

(RTTNews) - The Allstate Corp. (ALL) reported that its first-quarter net income to shareholders decreased to $587 million from $709 million. Earnings per share was $1.30, compared to $1.47. Operating income per share was $1.30, for the quarter.

On average, 26 analysts polled by Thomson Reuters expected the company to report profit per share of $1.19 for the quarter. Analysts' estimates typically exclude special items. Consolidated revenues increased to $8.68 billion from $8.46 billion. Property-liability insurance premiums were $7.06 billion, compared to $6.77 billion, previous year. Analysts expected revenue of $6.91 billion for the quarter.