The Allstate (ALL) Revenue — Quarter Ended Mar 31, 2023
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects higher property and casualty insurance premiums.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects higher property and casualty insurance premiums.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.8B
Revenue reported for this quarter.
Quarter-over-quarter
+1.0%
Change from the immediately preceding quarter.
Year-over-year
+11.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$52.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $12.2B | -3.4% |
| Sep 30, 2022 | $13.2B | +5.8% |
| Dec 31, 2022 | $13.6B | +4.9% |
| Mar 31, 2023 | $13.8B | +11.8% |
Revenue performance
Total revenue rose from the immediately preceding quarter, continuing an upward trend over recent periods. The year-over-year comparison also showed a notable increase.
Quarterly comparison
Compared to the prior quarter, revenue improved, and the year-ago figure was also exceeded. The sequential and annual comparisons both indicate higher revenue.
What to watch
Property and casualty insurance claims and claims expense increased substantially year over year, which may pressure underwriting profitability.