Allstate Reverses Q4 Loss With Benefit of Low Cat Losses, Auto Rate Increases February 8, 2024 Allstate Corp. fourth quarter 2023 net income attributable to common shareholders was about $1.5 billion, reversing a loss of $303...
Allstate Q4 2023 Reserve Charge Near $200M January 19, 2024 Allstate offered some preliminary details of factors that impacted fourth-quarter 2023 earnings—among them a $199 million non-catastrophe reserve charge. The...
Mission Accomplished: Allstate Announces Calif., NY, NJ Rate Approvals December 18, 2023 The departments of insurance in California, New York and New Jersey approved double-digit auto rate increases for Allstate in the...
Regulatory Battles In Personal Lines Ahead; Allstate May Drop Customers December 8, 2023 Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push...
Allstate, Allianz X Invest $265M in NEXT Insurance and Partner to Expand Reach November 2, 2023 NEXT Insurance said Allstate and Allianz X have invested $265 million in the digital small business insurer. NEXT and Allstate...
Allstate Starts Q3 With $313M in Catastrophe Losses in July August 18, 2023 Allstate Corp. said estimated catastrophe losses for the month of July were $313 million or $247 million, after-tax. July has...
Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch August 18, 2023 By Susanne Sclafane Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers,...
Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B August 1, 2023 By Chad Hemenway Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the...
Barring Change, Allstate May Exit California Property Market Completely July 25, 2023 By Susanne Sclafane The topic of a recent California insurance department workshop was the potential use of catastrophe modeling in ratemaking, but carrier...
Update: Allstate Estimates Catastrophe Losses of $1 Billion in June, $2.7 Billion in Q2 July 20, 2023 Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month...