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You are here: Home / Archives for Allstate

Allstate Reports Auto Written Premiums Up 13.3% in Fourth Quarter

February 2, 2023 By CollisionWeek Editor Leave a Comment

Increase driven by significant rate increases in the Allstate brand and growth at National General. Auto combined ratio of 112.6 in the fourth quarter of 2022 was up 8.3 points from 2021 quarter. The Allstate Corporation (NYSE:ALL) yesterday reported total revenues of $13.6 billion in the fourth quarter of 2022, an increase 4.9% compared to […]

Filed Under: News Tagged With: Allstate, Earnings

Allstate Projects Auto Insurance Rate Increases Will Raise Written Premiums Nearly 17%

January 19, 2023 By CollisionWeek Editor Leave a Comment

Auto claims frequency continues to increase but remains below 2019 levels. The Allstate Corporation (NYSE: ALL) announced preliminary results for the fourth quarter of 2022, with an estimated net loss between $285 million and $335 million and estimated adjusted net loss between $335 million and $385 million. Premiums written increased 11.4% from fourth quarter of […]

Filed Under: News Tagged With: Allstate, Claim Frequency, Claim Severity, Premiums

Allstate Announces Net Zero Emissions Commitment

January 6, 2023 By CollisionWeek Editor

The Allstate Corporation (NYSE:ALL) announced it has committed to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030. It will also set a target year for achieving a net zero investment portfolio by the end of 2025. The pledge by Allstate, the fourth largest private passenger auto insurer in the […]

Filed Under: News Tagged With: Allstate, Greenhouse Gas Emissions, Sustainability

asTech Added as Preferred Diagnostic Provider in Allstate Good Hands Repair Network

November 15, 2022 By CollisionWeek Editor

Repairify today announced that Allstate has added asTech as a preferred diagnostic scanning provider for collision centers participating in its Good Hands Repair Network (GHRN). The partnership provides participating GHRN shops with preferred pricing for asTech devices and its menu of market-leading diagnostic services and capabilities. These include remote OEM and OEM compatible diagnostic scanning, […]

Filed Under: News Tagged With: Agreements Signed, Allstate, asTech, Diagnostics, DRP

Allstate Receives Private Passenger Auto Physical Damage Rate Increase in California

November 14, 2022 By CollisionWeek Editor

The increase is the first for Allstate in nearly five years and first for the industry in more than two years since the start of the pandemic. On October 30, the California Department of Insurance (CDI) approved Allstate’s request for a 6.9% increase in its personal auto liability and physical damage rates. The CDI has […]

Filed Under: News Tagged With: Allstate, GEICO, Premiums, Progressive, S&P Global, State Farm

Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of Property-Liability at Allstate

August 19, 2022 By CollisionWeek Editor

Jess Merten succeeds Rizzo as Chief Financial Officer. Allstate, the fourth largest private passenger auto insurer in the U.S., announced that Glenn Shapiro, who has led the Property-Liability businesses since 2018, has decided to retire, having led the initiation of Transformative Growth and rapidly adapted to the impacts of inflation on auto insurance margins. Mario […]

Filed Under: News Tagged With: Allstate, People

Allstate-Brand Auto Rates Raised 8.9% Across Six Markets

August 18, 2022 By CollisionWeek Editor

Georgia Insurance Commissioner warns of 25% Allstate rate increase coming in September. The Allstate Corporation (NYSE: ALL) provided an update on catastrophe losses and its ongoing program to raise auto insurance rates to address rising costs during July. “Allstate will continue to implement significant rate actions in the second half of 2022 in response to […]

Filed Under: News Tagged With: Allstate, Georgia, Insurance Commissioner, legislation, Premiums

Allstate Announces Revenue of $12.2 Billion in Second Quarter

August 5, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Allstate, Earnings

Allstate Reports Auto Physical Damage Loss Cost Increases Widespread Across U.S.

July 22, 2022 By CollisionWeek Editor

Implements Allstate brand auto insurance rate increases of approximately 8.3% since fourth quarter of 2021. The Allstate Corporation (NYSE: ALL) estimated catastrophe losses for the month of June totaled $356 million or $281 million, after-tax. June catastrophe losses included 10 events, primarily wind and hail in the Midwest, estimated at $315 million, plus unfavorable reserve […]

Filed Under: News Tagged With: Allstate, Combined Ratio, Premiums

Allstate Says Collision Data Points to Increasingly Dangerous Roads this Summer

May 26, 2022 By CollisionWeek Editor

Collision rates could be more than 7% higher in the summer post-pandemic. An analysis by Allstate of proprietary collision data for the five years between 2017 and 2021 reveals that the U.S. is likely to see riskier roadways this summer. Over the past two years, numerous roadway safety organizations, including the National Highway Traffic Safety […]

Filed Under: News Tagged With: Accident Frequency, Allstate

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