12 articles · Updated · The Wall Street Journal · Apr 29
Allstate's Q1 profit surged from $595 million last year, with adjusted earnings of $10.65 per share beating analyst expectations.
Revenue climbed to $16.94 billion, while property-liability insurance premiums rose 5.5% and catastrophe losses dropped 44% to $1.24 billion.
CEO Tom Wilson credited affordable pricing, new products, expanded benefits, and increased marketing for record new business and market share growth in auto and homeowners insurance.
With profits soaring, why haven't Allstate's premium cuts matched its massive windfall?
Why did Allstate lose more home customers than its rivals despite record profits?
How is Allstate using AI and your driving data to outmaneuver its competitors?
Is Allstate's free identity theft benefit a game-changer or a clever marketing gimmick?
Is 'legal system abuse' the real reason for high premiums, or a convenient excuse?