Allstate U/W income plummets 92% to $113mn as frequency, severity take toll
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Allstate U/W income plummets 92% to $113mn as frequency, severity take toll

James Thaler
February 02, 2022
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Aerial view of downtown Chicago

Personal lines carrier Allstate reported fourth-quarter underwriting income of 113mn, a 92% fall year-over-year, as attritional claims frequency and severity roared back to pre-pandemic levels.

The insurer said on Wednesday that it earned $2.75 in operating earnings per share, a 53% drop from last year’s $5.87

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