Allstate Q4 2024 net income rises 30.1% to $1.9 billion as revenue grows 11.3%
Allstate reported fourth quarter and full year 2024 results. Fourth quarter revenue rose 11.3% to $16.5 billion, and net income applicable to common shareholders rose 30.1% to $1.9 billion, with diluted earnings per share of $7.07 compared with $5.52 a year earlier. The company also expects about $1.1 billion of pre-tax, net-of-reinsurance losses from the January California wildfires, and it has agreed to sell two Health and Benefits businesses for a combined $3.25 billion.
Key points
- Q4 2024 revenue was $16.5 billion, up 11.3% from the prior year quarter; net income applicable to common shareholders was $1.9 billion, up 30.1%.
- Q4 2024 diluted earnings per share were $7.07 versus $5.52; adjusted net income was $2.1 billion, or $7.67 per diluted share.
- Full year 2024 net income applicable to common shareholders was $4.6 billion, compared with a loss of $316 million in 2023; adjusted net income was $4.9 billion, with an adjusted return on equity of 26.8%.
- Expected pre-tax losses from the January California wildfires are about $1.1 billion, net of reinsurance; Group Health and Employer Voluntary Benefits sales have a combined price of $3.25 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.