Allstate: Q3 Earnings Snapshot

NORTHBROOK, Ill. (AP) — NORTHBROOK, Ill. (AP) — Allstate Corp. (ALL) on Wednesday reported third-quarter earnings of $2.08 billion.

On a per-share basis, the Northbrook, Illinois-based company said it had profit of $8.03. Earnings, adjusted for non-recurring costs, came to $9.76 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $7.03 per share.

The insurer posted revenue of $17.35 billion in the period. Its adjusted revenue was $17.89 billion, which also beat Street forecasts. Three analysts surveyed by Zacks expected $17.84 billion.

Allstate shares have increased 29% since the beginning of the year, while the S&P's 500 index has risen 12%. In the final minutes of trading on Wednesday, shares hit $269.06, a rise of 38% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALL at https://www.zacks.com/ap/ALL