The Allstate-brand auto insurance combined ratio was 83.9, down more than 8 points due to pandemic impact on driving.
The Allstate Corporation (NYSE: ALL) today reported second quarter revenue of $11.2 billion in the second quarter of 2020 increased 0.5% compared to the prior year quarter, primarily driven by net realized capital gains of $704 million, compared to $324 million in the second quarter of 2019 and a 2.1% increase in Property-Liability insurance premiums earned.
Net investment income decreased 56.6% in the second quarter on lower performance-based portfolio results.
Net income applicable to common shareholders was $1.22 billion, or $3.86
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