• Allstate average price/book ratio for 2023 was 1.87, a 7.47% increase from 2022.
• Allstate average price/book ratio for 2022 was 1.74, a 40.32% increase from 2021.
• Allstate average price/book ratio for 2021 was 1.24, a 22.77% increase from 2020.

Price/book ratio can be defined as