The Allstate (ALL) Revenue — Quarter Ended Mar 31, 2024
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 and net investment income.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 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 and net investment income.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.3B
Revenue reported for this quarter.
Quarter-over-quarter
+2.9%
Change from the immediately preceding quarter.
Year-over-year
+10.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$58.6B
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, 2023 | $14B | +14.4% |
| Sep 30, 2023 | $14.5B | +9.8% |
| Dec 31, 2023 | $14.8B | +8.7% |
| Mar 31, 2024 | $15.3B | +10.7% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trend seen over recent quarters.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher, driven by increases in property and casualty insurance premiums and net investment income.
What to watch
Net gains on investments and derivatives turned negative in the current quarter, reversing a positive position a year ago.