Allstate says inflation and auto severity led to adverse reserve changes
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Allstate says inflation and auto severity led to adverse reserve changes

Kyoung-son Song
December 02, 2022
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Aerial view of downtown Chicago

Allstate has reiterated its position that inflation’s impact on auto severity and loss trends led it to book adverse reserve development charges, according to management comments on a special investor call, providing further data that physical auto damage payouts for AY 2021 exceeded expectations by $300mn.

Friday’s special investor call centered around claims and reserve practices and added color to the company’s adverse reserve development of $875mn in Q3 2022. Of

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NewsPersonal linesPersonal autoAllstate
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Kyoung-son Song
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