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Allstate reports YoY growth in revenues of 20.7%

February 3, 2022

The Allstate Corporation has reported a YoY increase in revenues of 20.7% in its latest results.

The insurance giant reported that its consolidated revenues rose from $41,909m across the whole of 2020 to $50,588m in 2021.

It was also reported by the firm that its Q4 revenues in 2021 were 18.7% higher than those in Q4 2020.

Tom Wilson, chair, president, and CEO of the insurer, said in a statement: “Fourth quarter revenues were 18.7% above the prior year, reflecting about a 1 percentage point increase in auto insurance market share, increased investment income and growth in protection plans. Revenues for the full year were $50.6bn, 20.7% above the prior year, largely reflecting a 9.8% increase in policies in force and higher investment income.”

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