Allstate brand auto insurance average premium increased 7 percent, policies in force declined during fourth quarter
The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the fourth quarter and full year of 2016. Total 2016 revenue of $36.5 billion reflected a 3.3 percent increase in property-liability insurance premium and a 5.4 percent increase in Allstate Financial premium and contract charges compared to the prior year.
Property-liability net written premium increased 2.4 percent in 2016 compared to 2015, as the average auto insurance premium increase of 6.3 percent in the Allstate Brand was offset by a 2.8 percent decline in policies
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