The Allstate Corporation’s ALL fourth-quarter 2020 earnings of $5.87 per share beat the Zacks Consensus Estimate by 53.7% and also increased 87.5% year over year, led by growth in revenues.Further, revenues of $11.3 billion topped the Zacks Consensus Estimate by 4.3% and also improved 5.3% year over year, reflecting a strong performance-based investment incomeTotal expenses declined 5.8% year over year to $8.7 billion, mainly due to lower claims.Total policies in force as of Dec 31, 2020 were 175.9 million, up 20.5% year over year.Net investment income of $1.19 million grew 73% year over year.The company incurred $424 million of catastrophe losses, up 43.7% year over year.The Allstate Corporation Price, Consensus and EPS Surprise The Allstate Corporation price-consensus-eps-surprise-chart | The Allstate Corporation QuoteSolid Segmental PerformancesProperty-Liability insurance premiums of $8.61 billion decreased 1.5% year over year due to lower premium written in Allstate brand auto and Encompass, partly offset by premium growth in Allstate Brand Homeowners subsegment. The segment’s underwriting income of $1.42 billion was up 42% year over year.Protection Service Business (which was earlier known as Service business) revenues of $518 million were up 19.4% year over year owing to higher contributions from Protection Plans, Dealer Services and Allstate Identity Protection, partly offset by a decline in revenues from Roadside Services and Arity business.Allstate Life, Benefits and Annuities’ total premium and contract charges were $603 million, down 3.8% year over year due to lower contributions from Allstate Life and Benefits businesses.Capital Position (as of Dec 31, 2020)Total shareholders’ equity was $30.2 billion, up 16.1% from the level as of Dec 31, 2019.Total assets were $126 billion, up 5% from the level on Dec 31, 2019.Adjusted return-on-equity of 19.8% was up 290 basis points year over year.Zacks Rank and Performance of Other PlayersAllstate carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other stocks in the insurance space, namely Aflac Inc. AFL, Principal Financial Group, Inc. PFG and MetLife Inc. MET surpassed on fourth-quarter earnings by 2.88%, 3.5% and 32.68%, respectively.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Allstate Corporation (ALL): Get Free Report Aflac Incorporated (AFL): Get Free Report MetLife, Inc. (MET): Get Free Report Principal Financial Group, Inc. (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research