CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Allstate Reports Loss in Third Quarter Due to Higher Claims Costs, Reserve Reestimates and Lower Investment Income

Allstate Reports Loss in Third Quarter Due to Higher Claims Costs, Reserve Reestimates and Lower Investment Income

November 3, 2022 By CollisionWeek Editor

Collision claim severity up 17% versus 2021.

The Allstate Corporation (NYSE: ALL) reported total revenues of $13.2 billion in the third quarter of 2022 increased 5.8% compared to the prior year quarter reflecting a 9.8% increase in Property-Liability earned premium, partially offset by net losses on investments and derivatives in 2022 compared to net gains in 2021 and lower net investment income.

The Net loss applicable to common shareholders was $694 million in the third quarter of 2022 compared to income of $508 million in the prior year quarter, primarily due to an underwriting loss and equity valuation declines.

It

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Allstate Insurance, Claims Severity, Earnings

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • New Vehicle Sales Expected to Cool in June After Spring Surge June 26, 2025
  • Early-Bird Registration for SEMA Show in Las Vegas Ends Friday June 26, 2025
  • NY Automotive and Diesel Institute Launches New Degree & Certificate Programs in Automotive Management, Service, and Support June 26, 2025
  • Tesla’s Robotaxi Launch Fuels Ride-Hailing Market Hopes and Concerns June 26, 2025
  • US Electric Vehicle Sales Down in First Quarter Compared to Previous Quarter June 25, 2025
  • AkzoNobel Vehicle Refinishes and Solera Partner in Europe to Enable Data-Driven Sustainability Across Collision Repair Industry June 25, 2025
  • Fix Auto UK Adds Collision Repair Center to Network on Britain’s South Coast June 25, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in