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