Personal lines insurer Allstate has reported a net income available to common shareholders of $810m, or $1.76 per diluted common share, for the fourth quarter of 2013, compared to $394m, or $0.81 during the corresponding period last fiscal.
Net income available to common shareholders for the full year 2013 slightly decreased to $2.26bn, or $4.81 per diluted common share, against $2.31bn, or $4.68 per diluted common share in 2012.
The Allstate Corporation chairman, president and CEO Thomas Wilson said, "Successful execution of our customer-focused strategy and proactive risk and return management led to strong results for the fourth quarter and the full year 2013.
"We grew insurance policies in force in all three brands where we underwrite risk, reflecting differentiated value propositions, strong marketing, expanded distribution and a smaller decline in Allstate brand homeowners policies."
In the fourth quarter of 2013, Allstate Financial’s net income decreased by $47m to $119m due to the increase to the estimated loss on the pending sale of Lincoln Benefit Life Company (LBL) and lower realized capital gains.
The Allstate Corporation through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment serves approximately 16 million households.