Allstate Earnings Reports

Allstate's Q4 2024 revenues reached $16.5 billion, a 11.3% increase year-over-year, with net income at $1.9 billion, up 30.1% from the prior year quarter. The adjusted net income was $2.1 billion, or $7.67 per diluted share. The Property-Liability combined ratio improved to 86.9, contributing to the strong financial performance.

Allstate reported strong third-quarter results with a significant increase in net income and adjusted net income, driven by improved Property-Liability underwriting results and revenue growth. The company's focus on near-term performance and long-term growth strategies contributed to these positive outcomes.

Allstate reported strong Q2 2024 results with revenues growing by 12% to $15.7 billion, driven by increased insurance premiums and higher investment income. Net income applicable to common shareholders was $301 million, with an adjusted net income of $1.61 per diluted common share. The Property-Liability profit improvement plan progressed, resulting in an underlying combined ratio of 85.3.

Allstate reported a significant profit improvement in Q1 2024, driven by strong operating capabilities, decisive actions to improve shareholder value, and lower catastrophe losses. Revenues reached $15.3 billion, and net income was $1.2 billion, with adjusted net income at $5.13 per diluted common share.

Allstate's Q4 2023 results showed a significant turnaround with a net income of $1.5 billion, compared to a loss in the prior year quarter. This was driven by improved underwriting performance and higher investment income, resulting in adjusted net income of $1.5 billion, or $5.82 per diluted common share. Property-Liability written premiums increased, and the combined ratio improved significantly.

Allstate reported adjusted net income of $214 million, driven by improved underwriting performance, strong investment income, and profits from Protection Services and Health and Benefits. The Property-Liability underlying combined ratio improved, but the company faced an underwriting loss due to increased auto insurance loss costs, elevated catastrophe losses, and adverse prior year loss development. Allstate is pursuing the sale of its Health and Benefits businesses and is focused on increasing property-liability market share.

Allstate reported a net loss of $1.4 billion for Q2 2023, driven by significant catastrophe losses and underwriting losses, which offset higher investment income and profits from Protection Services and Health and Benefits. The company is implementing cost reduction and distribution programs to improve productivity and expand reach. Rate increases are being pursued in auto and homeowners insurance to improve profitability.

Allstate reported a net loss of $346 million for Q1 2023, compared to a net income of $634 million in the prior year quarter. Total revenues increased by 11.8% to $13.8 billion, driven by higher property-liability earned premiums and net gains on investments. The underwriting loss of $1.0 billion was primarily due to higher catastrophe losses and increased auto loss costs.

Allstate reported a net loss of $310 million in Q4 2022, impacted by auto insurance underwriting losses. Revenues increased to $13.6 billion, driven by a 9.5% growth in Property-Liability premiums. The company is implementing a plan to improve auto insurance margins and continues to execute its Transformative Growth strategy.

Allstate Corporation reported a net loss of $694 million for Q3 2022, compared to a net income of $508 million in the prior year quarter. The loss was primarily due to an underwriting loss and equity valuation declines. Revenues increased to $13.2 billion, driven by growth in Property-Liability earned premiums and Protection Services revenue. The company is raising insurance prices to reflect cost inflation and plans to reduce personal lines insurance in states with unacceptable margins.

Allstate reported a net loss of $1.04 billion and an adjusted net loss of $209 million for Q2 2022, driven by rising claim repair costs, upward prior year loss reserve development, equity valuation declines, and losses on fixed income sales. The company is accelerating insurance price increases, implementing underwriting restrictions, and reducing advertising spend to improve profitability.

Allstate reported a net income of $630 million and adjusted net income of $726 million ($2.58 per share). Premiums earned were $11.0 billion, an increase of 6.5% over the prior year. Excellent profitability in homeowners insurance, strong investment income and earnings from Protection Services and Health and Benefits mitigated the negative impact of inflation on auto insurance margins.

Allstate's Q4 2021 revenues increased by 18.7% year-over-year, driven by the National General acquisition and higher investment income. However, net income decreased due to lower underwriting income, partially offset by higher net investment income. The combined ratio increased, reflecting higher non-catastrophe losses and unfavorable reserve reestimates.

Allstate reported total revenues of $12.5 billion and net income of $508 million. Adjusted net income per share was $0.73. The company faced challenges in auto insurance due to supply chain disruptions and increased used car and parts prices, but strategic initiatives like Transformative Growth and catastrophe risk management benefited results.

Allstate reported strong second-quarter results, with revenues growing by 21.6% year-over-year. The Property-Liability combined ratio was 95.7, and net income reached $1.6 billion. Adjusted net income was $3.79 per share, representing a return on equity of 23.8% for the last twelve months.

Allstate reported a net loss of $1.4 billion for the quarter, primarily due to a $4.0 billion loss from the divestitures of the life and annuity businesses. However, adjusted net income was $1.9 billion, representing a 23.2% return on equity. Total revenues increased by 26.2% to $12.5 billion, driven by the acquisition of National General and growth in Protection Services.

Allstate Corporation reported a net income of $2.6 billion and adjusted net income of $1.8 billion for the fourth quarter of 2020. The company saw a 21% increase in policies in force and maintained strong insurance underwriting margins. Total revenues increased by 4.8% to $12.0 billion, driven by strong performance-based investment income and realized gains.

Allstate Corporation reported strong Q3 2020 financial results, with a 27% increase in total policies in force and an 18.9% return on equity. Net income was $1.1 billion, driven by higher auto insurance underwriting income and net realized capital gains, despite high catastrophe losses and restructuring charges.

Allstate reported excellent financial results for Q2 2020, with revenues of $11.2 billion and net income of $1.2 billion. The Property-Liability combined ratio was 89.8, offsetting the negative impact of the pandemic on investment income and life mortality. Allstate Protection Plans' adjusted net income increased significantly, and shareholders benefited from a 17.9% adjusted net income return on equity.

Allstate's Q1 2020 results showed strong operating performance amidst the coronavirus pandemic. The company reported revenues of $10.1 billion and a 4.4% increase in Property-Liability insurance premiums earned. Net income was $513 million, and adjusted net income was $1.14 billion, or $3.54 per common share, reflecting lower catastrophe losses.

Allstate reported excellent operating results in 2019. Revenues reached $44.7 billion and net income was $4.7 billion for the year. Adjusted net income was $1.0 billion ($3.13 per share) for the fourth quarter, substantially higher than the previous year, reflecting excellent underlying auto and homeowners insurance profitability and lower catastrophe losses.