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.”