Allstate U/W income plummets 92% to $113mn as frequency, severity take toll
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
  • Free trial
  • Log in

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

James Thaler
February 02, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
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

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Allstate Earnings
JT
James Thaler
Gift this article