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Sep 30, 2020
Allstate Q3 2020 Earnings Report
Allstate delivered strong results driven by growth in policies and strategic execution.
Key Takeaways
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.
Total policies in force increased 27% over the last 12 months.
Property-Liability underlying combined ratio was excellent.
Net income was $1.1 billion for the quarter.
Allstate Protection Plans growing policies 40% since the prior year with adjusted net income increasing to $36 million for the quarter.
Revenue by Segment
Forward Guidance
This news release contains forward-looking statements that anticipate results based on estimates, assumptions and plans that are subject to uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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