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Dec 31, 2020
Allstate Q4 2020 Earnings Report
Allstate reported strong financial results for Q4 2020, driven by growth in policies in force, excellent returns, and strategic acquisitions.
Key Takeaways
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.
Net income was $2.6 billion for the quarter and $5.5 billion for the full year.
Adjusted net income was $5.87 per share for the quarter and $14.73 for the year.
Policies in force increased 21% to 176 million.
Allstate Protection Plans is rapidly growing revenues and profits and expanding its total addressable market.
Forward Guidance
Allstate expects its long-term adjusted net income return on equity to be between 14% and 17% while generating higher growth in personal property-liability and expanding protection services.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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