CEO Tom Wilson, who has served as U.S. Chamber of Commerce chairman since June, encourages business leaders to focus on more than just profits, but certainly hasn’t neglected the numbers at Allstate. The company increased profits by 70% last year, bouncing back from particularly costly insurance claims in 2016. It brought in nearly $3.2 billion in 2017. Revenues rose more than 5% for the 87-year-old company in 2017, topping $38.5 billion.
Looking for leads, investment insights, or competitive intelligence?
News about Allstate
This is your Data Sheet newsletter for Tuesday, January 8, 2019.
Cars are wasteful and the automotive industry is in for a rude awakening.
Must-read business news, delivered every morning.
Home-improvement and car-rental shares are rising, but what will drop?
Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson.