Allstate underwriting profits drop 50% as attritional LR jumps amid reopening
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Allstate underwriting profits drop 50% as attritional LR jumps amid reopening

James Thaler
August 04, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Aerial view of downtown Chicago

Allstate’s P&C underwriting profits fell by more than 50% in the second quarter to $429mn as the company’s underlying loss ratio soared by almost 17 points, rising above its pre-pandemic level in the second quarter of 2019.

On Wednesday, the Illinois-based personal lines specialist reported $3.79 ($1.2bn) in operating earnings per share, an almost 50% jump from the $2.58

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsAllstatePersonal autoResultsEarnings
JT
James Thaler
Gift this article