However, Allstate's P/E ratio is higher due to the company's sale of its life insurance businesses in the first quarter, which it sold for a loss to Blackstone Group and Wilton Re for $3 billion total. CEO Tom Wilson stated that the company's ultimate focus is to eliminate less profitable operations while directing its attention toward what it does really well -- writing auto and homeowners insurance policies. Cheap valuation and economic tailwinds should benefit the insurer In an environment where inflationary pressures pick up, interest rates will also likely move higher.