Allstate Insurance Corp., reversing last year's loss for the period, reported a profitable third quarter with results driven by the lower than expected catastrophe losses and increases in its flagship auto product.
The Northbrook Ill.-based company reported third-quarter net income of $1.1 billion compared with a loss of $1.5 billion in the 2005 period.
Even more dramatically, the company posted property-casualty underwriting income of $1.08 billion, compared with a loss of $3.36 billion in the quarter marked by record losses from Hurricanes Katrina and Rita.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
