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You are here: Home / News / Allstate Says Supply Chain Disruptions Impacting Auto Insurance Collision Repair and Total Loss Costs in Third Quarter

Allstate Says Supply Chain Disruptions Impacting Auto Insurance Collision Repair and Total Loss Costs in Third Quarter

November 5, 2021 By CollisionWeek Editor

Insurer reports auto frequency above last year, but below pre-pandemic levels. Severity up on higher repair costs and used vehicle price increases.

The Allstate Corporation (NYSE: ALL) today reported total revenues of $12.5 billion in the third quarter of 2021 increased 16.9% compared to the prior year quarter, reflecting higher earned premiums from National General, Allstate brand homeowners premium growth and increased net investment income. Protection Services revenues also increased, reflecting a 23.9% increase for Allstate Protection Plans compared to the prior year quarter.

Net income was $508 million in the third quarter of 2021 decreased $618 million compared to

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Filed Under: News Tagged With: Allstate Insurance, Claim Frequency, Claim Severity, Earnings

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