Allstate Q3 2020 Earnings Report
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.
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Allstate 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