Allstate Q2 report shows a strong 49 percent increase in profit

Allstate Q2 - person holding money

Despite the impact of the pandemic, the insurance giant reported a $1.2 billion net income. The Allstate Q2 earnings report has revealed that the company brought in a net income of $1.2 billion and saw a 49 percent increase in profits over the second quarter of 2019. The insurer saw a $904 million underwriting income, which is a 146 percent year over year rise. The 146 percent increase in the Allstate Q2 underwriting income brought the company’s income from last year’s second quarter at $537 million to $904 million this…

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