The Allstate Corporation today reported financial results for the fourth quarter and full year 2012.
Online PR News – 08-February-2013 – 02/06/2013 - NORTHBROOK, Ill. – The Allstate branded business maintained strong auto profitability, dramatically improved returns in homeowners and began to reduce the negative impact on policies in force related to profit improvement actions. Esurance, Encompass and Allstate Financial maintained their growth trajectories by staying focused on targeted customer value propositions. Proactive investment actions resulted in total returns of over 7 percent for the year. Overall premiums increased and net and operating income more than doubled in 2012 versus 2011. As a result, book value per share increased to $42.39, a 17.2 percent increase for the year.
Net income for 2012 was $2.31 billion, or $4.68 per diluted share, compared to $787 million, or $1.50 per diluted share in 2011.
Allstate Financial continued with its strategy to grow underwritten products sold through Allstate agencies and Allstate Benefits, further reduce its concentration in spread-based products and improve returns. In 2012, issued life insurance policies written through Allstate agencies increased 9.3% for the year.
Allstate will pay a quarterly dividend of $0.25 on each outstanding share of the Corporation’s common stock, payable in cash on April 1, 2013 to shareholders of record at the close of business on February 28, 2013.