ALLSTATE CORP
SymbolALL

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Improved Third Quarter 2009 Results Position Allstate for Sustainable Growth

2009-11-04 20:42 ET - News Release


NORTHBROOK, Ill. -- (Business Wire)

The Allstate Corporation (NYSE: ALL) today reported results for the third quarter of 2009:

 
Consolidated Highlights
   

Three months ended
September 30,

($ in millions, except per share amounts and ratios, NM=not meaningful)  

2009

  

2008

      

% Change

Consolidated revenues   $ 7,582   $ 7,320       3.6    
Net income (loss)   221   (923)     123.9    
Net income (loss) per diluted share   0.41  

(1.70

)

**

   124.1    
Operating income (loss)*   538   (190)     NM    
Operating income (loss) per diluted share*   0.99   (0.35)     NM    
Book value per share   32.29  

31.39

  

**

   2.9    

Book value per share, excluding the impact of unrealized net capital gains and losses on fixed income securities*

  

 

32.44

  

 

34.20

  

**

  

 

(5.1

 

)

  
Catastrophe losses   407   1,816       (77.6)  
Property-Liability combined ratio   94.7   112.7      

(18.0

)

pts

Property-Liability combined ratio excluding the effect of catastrophes and prior year reserve reestimates (“underlying combined ratio”)*  

 

88.0

  

 

85.9

      

 

2.1

  

pts

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