Cites increasing parts prices, cycle time, and technician shortage driving higher repair costs. “Doubles down” on its relationships with parts suppliers and direct repair program to help control costs.
The Allstate Corporation (NYSE: ALL) reported total revenues of $12.2 billion in the second quarter of 2022 decreased 3.4% compared to the prior year quarter as an 8.6% increase in Property-Liability earned premium was more than offset by net losses on investments and derivatives in 2022 compared to net gains in 2021 and lower net investment income.
The company reported a net loss of $1.04 billion in the second quarter of
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