The Allstate Corporation (NYSE: ALL) reported revenue of $10.99 billion for the first quarter of 2019, up 12.5 percent from $9.77 billion in the first quarter of 2018. Net income was $1.261 billion, up 29.1 percent from 2018. Adjusted net income was $776 million, due to a better than expected property and liability insurance underlying combined ratio attributed to a decrease in auto claims frequency.
“Allstate’s strategy to profitably grow market share in protection products continues to gain momentum,” said Tom Wilson, Chair, President and Chief Executive Officer of The Allstate Corporation. “Using an innovative approach to better serve customers