Allstate outpaces Progressive as it doubles Q4 net income to $3.8 billion
Allstate Corp. significantly increased its Q4 net income to $3.8 billion, exceeding its key rival Progressive, due to strong underwriting gains and affordability efforts. The company's full-year net income reached $10.17 billion on revenues of $67.69 billion. Allstate also implemented substantial rate decreases and shareholder returns, alongside increased marketing investments.
https://www.insurancebusinessmag.com/us/news/breaking-news/allstate-outpaces-progressive-as-it-doubles-q4-net-income-to-3-8-billion-564368.aspx