Allstate Plays the Long Game Amid Q1 Challenges Allstate’s first quarter 2025 results are out and there’s a lot to unpack. The insurance giant pulled in $16.5 billion in revenue, a solid 7.8% bump compared to last year. But before you think they’re dancing in the boardroom, here’s the twist: net income took a nosedive, dropping from $1.2 billion in Q1 2024 to $566 million this quarter. Yeah, ouch. Why the big dip? Catastrophic losses. And not just your garden-variety losses. We’re talking a staggering $3.3 billion, thanks to California…
Read MoreAllstate Plays it Cool as Competitors Scramble for Rate Hikes
