Allstate revenue grows 26% in quarter

Updated 5/7/2021 2:01 PM

NORTHBROOK -- Allstate Corp. Thursday reported revenues of $12.5 billion in the first quarter, an increase of 26.2% compared to the prior year quarter, primarily reflecting the acquisition of National General Insurance.

Adjusted net income in the quarter of $1.9 billion, or $6.11 per diluted share, increased $669 million compared to the prior year quarter, reflecting increased underwriting income and higher net investment income, the insurer said.


Our long-term approach to investing, reinsurance and building a digital insurer is creating shareholder value and positively impacted results this quarter," said Tom Wilson, Allstate chair, president and CEO.

In the first quarter, Allstate returned $765 million to shareholders through a combination of $601 million in share repurchases and $164 million in common share dividends," the company said.

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.