The Allstate Corporation (ALL) Q3 2024 Earnings Call Transcript Summary
The Allstate Corporation (ALL) Q3 2024 Earnings Call Transcript Summary
Property-Liability earned premiums rose by 11.6% to $13.7 billion.The following is a summary of the The Allstate Corporation (ALL) Q3 2024 Earnings Call Transcript:
以下是好事達公司（ALL）2024年第三季度業績會實錄摘要：
Financial Performance:
金融業績：
Allstate reported Q3 2024 total revenues of $16.6 billion, a 14.7% increase year-over-year.
Net income reached $1.2 billion with adjusted net income at $3.91 per share.
Property-Liability earned premiums rose by 11.6% to $13.7 billion.
Return on Equity (ROE) stood strong at 26.1% over the last 12 months.
Property-Liability business achieved underwriting income of $495 million, a significant improvement due to better margins and high catastrophe costs management.
Net investment income increased by 13.6% to $783 million.
好事達報告2024年第三季度總收入爲166億美元，同比增長14.7%。
淨利潤達到12億美元，調整後的淨利潤爲每股3.91美元。
財產損失業務賺取的保費增長了11.6%，達到137億美元。
最近12個月的股東權益回報率（roe）穩健地達到26.1%。
財產損失業務實現了49500萬美元的承保收入，由於利潤率提升和高災難成本管理而顯著改善。
淨投資收益增長了13.6%，達到78300萬美元。
Business Progress:
業務進展：
The company is executing its auto profit improvement plan successfully, leading to restored auto margins and an innovative low-cost digital insurance model.
Homeowners insurance continues to grow, with a 10.8% increase in written premiums reflecting higher average gross written premiums and policy enforced growth.
Allstate is enhancing customer retention and increasing new business levels across distribution channels to drive growth.
公司正在成功執行其自動盈利改善計劃，導致恢復汽車利潤率和創新的低成本數字保險模式。
房主保險繼續增長，書面保費增長10.8%，反映了平均較高的總保費和政策執行增長。
好事達正在加強客戶保留，並通過分銷渠道增加新業務水平以推動增長。
Opportunities:
機會：
With over 200 million policies in force, Allstate is expanding its market share in the personal Property-Liability segment and enhancing protection services.
Strategic acquisitions like the recent purchase to expand mobile device protection capabilities align with the company's growth strategies in the protection plans business.
擁有超過20000萬保單，好事達正在擴大其在個人財產責任領域的市場份額，並加強保護服務。
戰略性收購，如最近的購買以擴展移動設備保護能力，與公司在保護計劃業務中的增長戰略相一致。
Risks:
風險：
Significant price increases in key states like California, New York, and New Jersey might affect customer retention negatively, impacting policy growth.
Rising operational costs due to increased advertising investments intended to drive new business growth could weigh on profit margins if not offset by sufficient premium growth.
加利福尼亞、紐約和新澤西等主要州的重大漲價可能會對客戶保留產生負面影響，並影響保單增長。
由於增加廣告投資導致的運營成本上升，如果未被足夠的保費增長抵消，可能會對利潤率產生影響。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
