The Allstate Corporation reported strong operating and financial performance for the second quarter of 2025, with consolidated revenues increasing 5.8% to $16.633 billion. Net income applicable to common shareholders surged to $2.079 billion, a significant increase from $301 million in the prior year quarter.
Adjusted net income for the quarter was $1.591 billion, or $5.94 per diluted share, excluding a $643 million gain from the Employer Voluntary Benefits business divestiture. Total policies in force increased 4.2% to 208 million, led by growth in Protection Plans.
The Property-Liability segment achieved an underwriting income of $1.280 billion, a substantial turnaround from a $145 million loss in the year-ago period, with auto insurance underwriting income at $1.331 billion. Catastrophe losses for the quarter were $1.990 billion, a 6.1% decrease from the prior year. The sale of the Group Health business was completed on July 1, bringing total divestiture proceeds for the segment to $3.25 billion, and the company repurchased $341 million of common stock.
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