Allstate

RANK72

Allstate rebounded well in 2019 after the challenges of the previous year, when Hurricane Michael and the historic California wildfires resulted in higher payouts and a 29% decline in profit. Fewer catastrophe claims helped the Northfield Township, Ill., insurer climb 10 spots in the 500 rankings this year. Revenues rose 12% year-over-year, to $44.7 billion, while net income, aided by increased premiums, grew a substantial 133%, to $4.7 billion. CEO Tom Wilson has also attributed the profit surge to cost-cutting measures and increased investment in technology. One example of the latter, a new identity-theft protection product called Digital Footprint, allows customers to view all websites with accounts that have their personal information, and helps them track data breaches that might affect them.