COVID-19 Shutdowns Shore Up Allstate, MetLife Earnings

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Two of the nation’s best-known sellers of insurance—Allstate Corp. and MetLife Inc.—delivered fourth-quarter results bolstered partly by Covid-19 business shutdowns and stay-at-home directives. Allstate’s net income surged 52% to $2.6 billion, while net income at the big New York life insurer fell 77% to $124 million. MetLife’s decline was primarily related to mark-to-market losses on… Continue reading COVID-19 Shutdowns Shore Up Allstate, MetLife Earnings