Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago.
The Northbrook, Illinois-based insurer recorded an improvement in its property-liability third quarter combined ratio – 96.4 from 103.4 the prior year.
As it had previously released, the home and auto insurer took on Q3 catastrophe losses of $1.7 billion, or about 44% more than a year ago during the same period. CEO Tom Wilson said Q3 results included hurricanes Beryl, Debby, Francine, and