What to Expect From Allstate's Next Quarterly Earnings Report

Illinois-based The Allstate Corporation (ALL) is one of the largest property-casualty insurers in the U.S. It also provides a range of life insurance and investment products to its diverse customer base. Valued at a market cap of $50.9 billion, the company is expected to announce its fiscal Q3 earnings results after the market closes on Wednesday, Oct. 30. 

Ahead of this event, analysts project the insurance company to report a profit of $2.20 per share, up 171.6% from $0.81 per share in the year-ago quarter. The company has consistently beaten Wall Street's earnings estimates in each of the last four quarters, which is impressive. Its adjusted earnings of $1.61 per share in the most recent quarter outpaced the consensus estimates by a whopping 387.9% margin and made a remarkable turnaround from a loss of $4.42 per share in the year-ago quarter.