Allstate rate increases raise written premiums in auto, homeowners'

November 16, 2023

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Allstate’s 2023 rate increases are expected to raise annualized written premiums by $2.7bn for auto and $982mn for homeowners’, leading to a premium impact of 10.4% and 9.6%, respectively, according to CFO Jess Merten.

Meanwhile, the company’s October cat losses came in below the reporting threshold of $150mn, compared to $317mn of cat losses in September and nearly $1.2bn

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Allstate rate increases raise written premiums in auto, homeowners'

Allstate’s 2023 rate increases are expected to raise annualized written premiums by $2.7bn for auto and $982mn for homeowners’, leading to a premium impact of 10.4% and 9.6%, respectively, according to CFO Jess Merten.

Fuel a smarter strategy with our actionable market intelligence

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Allstate rate increases raise written premiums in auto, homeowners'

Allstate’s 2023 rate increases are expected to raise annualized written premiums by $2.7bn for auto and $982mn for homeowners’, leading to a premium impact of 10.4% and 9.6%, respectively, according to CFO Jess Merten.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PE firm Capital Z takes $240mn minority stake in retail broker Leavitt

Week in Brief: James River revives, Medmal tightens, Georgia tort reform, MGA M&A

Outlook positive for MGAs despite potential capacity challenges: AM Best

Las Vegas towing MGA Western Skies weighs strategic options

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses