Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’ November 3, 2022 By Chad Hemenway Allstate Corp. said it recorded a third quarter net loss applicable to common shareholders of $694 million compared to net...
Allstate Expects Q3 Net Loss Up to $725M; Ian Caused $366M Net Loss October 19, 2022 By Chad Hemenway Allstate Corp said it expects to report a third quarter net loss of of between $675 million and $725 million...
Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO September 20, 2022 Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company...
Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase August 22, 2022 By William Rabb The Georgia insurance commissioner is publicly shaming one of the country’s largest auto insurers after the carrier announced an average...
Allstate Executives Shuffle With Retirement of Property-Liability President August 19, 2022 Allstate announced August 18 that Glenn Shapiro, president, Property-Liability, has decided to retire at the end of September. He joined...
Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss August 4, 2022 By Chad Hemenway Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the...
Analysis: State Farm Wins Again With Better J.D. Power Scores Than GEICO July 18, 2022 By Susanne Sclafane When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during...
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation May 6, 2022 By Chad Hemenway Rate increases in Allstate’s auto insurance business are in integral part of the insurer’s overall plan to address the impact...
Allstate Q1 Net Income Returns to Black Despite Adverse Auto Results May 4, 2022 By Chad Hemenway First quarter 2022 insurance premiums earned grew 6.5% to about $11 billion at Allstate Corp., as net income was $630...
Allstate to Increase Magnitude of Auto Rate Hikes in 2022 April 25, 2022 By Chad Hemenway Allstate said it is raising auto insurance rates more due to continued upticks in physical damage and bodily injury severity....