The 14th annual Allstate America’s Best Drivers Report, released yesterday, named Brownsville, Texas, the city with America’s safest drivers. Based on Allstate claims data, the report aims to shine a spotlight on safe driving leading up to the busy Labor Day travel weekend – a particularly deadly time of year on the road, according to […]
Allstate Grew Auto Insurance Premiums and Policies in Force During Second Quarter
Allstate, the fourth-largest auto insurer in the U.S., announced it achieved total revenue of $10.1 billion in the second quarter of 2018 up 2.9 percent compared to the prior year quarter. Property and casualty insurance premiums earned increased 5.5 percent. “Allstate’s businesses continue to deliver excellent results, growth is accelerating and we are on pace […]
Allstate Reports Revenue Up 6.1% in Fourth Quarter, Tax Cuts Save $506 Million
Allstate brand auto net written premiums up 4.2 percent on growth in average premium. Accident frequency declined in the quarter. The Allstate Corporation (NYSE: ALL) reported financial results for the fourth quarter of 2017. In the fourth quarter, the company reported revenue of $9.843 billion, up 6.1 percent from $9.278 billion in the fourth quarter […]
Allstate Announces Senior Leadership Changes
Allstate announced three senior leadership promotions in preparation for the retirement of Matt Winter, President of The Allstate Corporation. The promotions include Steve Shebik to Vice Chairman of The Allstate Corporation, Glenn Shapiro to President of Allstate Personal Lines and Mario Rizzo to Chief Financial Officer. “These leadership changes demonstrate Allstate’s effectiveness in developing talent,” […]
Allstate Best Driver Report Examines Safe Driving Cities Factoring in Precipitation
According to research more than one-third of U.S. motorists are “stressed” about winter driving Allstate released a new survey yesterday revealing that more than a third, 35 percent, of U.S. drivers say wet winter driving stresses them out, and almost half, 48 percent, are concerned by the prospect — all while the National Oceanic and […]
Allstate Reports Improved Earnings in Second Quarter
Allstate brand auto insurance net written premiums up 3.3 percent. Average auto premiums up 5.4 percent. Claims technology improving efficiency. The Allstate Corporation (NYSE: ALL) reported its consolidated revenue for the second quarter of 2017 increased 4.6 percent to $9.587 billion compared to $9.164 billion in the same quarter of 2016. For the six month […]
Kansas City, Kansas Tops Allstate America’s Best Drivers Report
As U.S. drivers approach the Fourth of July holiday, the deadliest day on the road, Allstate launches a new safe-driving campaign, to help combat the rising number of fatal collisions. The 13th annual Allstate America’s Best Drivers Report names Kansas City, Kansas, the city with America’s safest drivers. Based on Allstate claims data, the company […]
Allstate Reports Improved Earnings as Auto Claim Reduction Offsets Increased Catastrophe Losses
Mild winter reduced auto claim expenses. The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the first quarter of 2017. “We are off to a strong start in 2017 on both operating priorities and strategic initiatives. The value of providing customers a broad range of protection products across North America was evident as significant catastrophe […]
Interview: Clint Marlow, Allstate Insurance
In our video interview, Clint Marlow, director of claims innovation for Allstate Insurance, details the how changing vehicle construction and technology is influencing the claim process, how claim technology will impact the industry and recent trends in frequency and claim costs. While changing vehicle construction techniques and technology is having an impact on collision repair […]
Allstate Reports Auto Combined Ratio Improvements in 2016
Allstate brand auto insurance average premium increased 7 percent, policies in force declined during fourth quarter The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the fourth quarter and full year of 2016. Total 2016 revenue of $36.5 billion reflected a 3.3 percent increase in property-liability insurance premium and a 5.4 percent increase in Allstate […]