Allstate Q1 CoR worsens 14 points to 97.3%, rate actions accelerate
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Allstate Q1 CoR worsens 14 points to 97.3%, rate actions accelerate

Farhin Lilywala
May 04, 2022
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Aerial view of downtown Chicago

Allstate’s P&C combined ratio increased by 14 points on the year to 97.3% in the first quarter of 2022, driven by a decline in its personal auto segment.

Sequentially, the company’s combined ratio improved 1.6 points compared to 98.9% in Q4 2021.

The carrier said that rising severity levels in the quarter reflect increased exposures from used car prices, higher parts and labor costs, medical inflation and greater...

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Farhin Lilywala
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