Allstate News
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Allstate Tops Profit Estimates on Higher Premiums, Investment Returns
May 2 2024 // Insurer Allstate posted an upbeat first-quarter profit on Wednesday, helped by higher premiums and stronger investment returns. Insurers usually see stable product demand irrespective of economic conditions, mainly due to...
Allstate Reports $731M in Q1 Pretax Catastrophe Losses
Apr 19 2024 // Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March. Six events contributed to the $343 million total for March — before favorable reserve re-estimates...
Allstate’s Florida Company Defends 54% Condo Rate Hike. Blames Reinsurance, Hurricane, Rapid Growth
Mar 18 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...
Smartphone Screen Repairs Surge to $8.3B in 2023: Allstate Protection
Mar 15 2024 // While smartphone use is rising, fewer phones are suffering damage that requires repairs or replacement. Good thing, because users can hardly part with smartphones long enough to get them fixed. In its latest Mobile...
Allstate Reports $276M in January Cat Losses, Updates Rate Increases
Feb 15 2024 // Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Illinois-based insurer reached its $150 million threshold to report catastrophe losses following several months of low...
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