Around 45% of Allstate 2022 brand auto underwriting loss driven by CA, NY, NJ: Rizzo
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Around 45% of Allstate 2022 brand auto underwriting loss driven by CA, NY, NJ: Rizzo

Farhin Lilywala
February 02, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
allstate logo nyc streets.jpg

Allstate president of property-liability Mario Rizzo disclosed that California, New York and New Jersey accounted for approximately 45% of the Allstate brand auto underwriting loss in 2022, despite contributing 25% of the written premiums in the year.

Allstate reported an auto combined ratio of 112.6% for the quarter and 110.1% for the year. Management said the company continues to target a CoR in the mid-90s for auto.

Speaking

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

NewsAllstateResultsEarnings
farhin lilywala/farhin lilywala ii us.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article