Earnings.(Business)

0 Comments | Daily Herald (Arlington Heights, IL), April, 2004

NORTHBROOK - First-quarter earnings at Allstate Corp. climbed 41 percent over the previous year as the insurance giant exceeded Wall Street's expectations with strong underwriting results and a mild winter that generated fewer catastrophe losses. The company reported profits Tuesday of $949 million, or $1.34 per share, up from $665 million, or 94 cents per share, a year earlier.

Excluding certain items, Allstate said operating earnings were $1.44 a share, beating by 3 cents the consensus estimate of analysts interviewed by Thomson First Call. Allstate increased its guidance for 2004 to a range of $4.80 to $5.10 per share. The First Call estimate was $4.92. CHICAGO - Bank One Corp. reported a 51 percent jump in first- quarter earnings Tuesday, another...