Allstate Q4 income rises 30% despite hurricane losses.

[Chris]

Allstate Corp. saw a remarkable 30% rise in net income for the fourth quarter, reaching approximately $1.9 billion, closing out 2024 with a total net income of $4.6 billion, a stark contrast to a loss of $316 million from the previous year. Such impressive recovery raises intriguing questions about the factors driving this turnaround. What do you think could be the underlying reasons behind Allstate's significant improvement, and what challenges might they face moving forward?

Any thoughts about how the California fires might affect? I did read they stopped new policies from being written in 2022 in CA - but I'm sure a few people still have the policies in place.

For more details, you can view the full details of the article here.