Allstate lays out plan to return to target auto margins after Q4 reserve charge
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Allstate lays out plan to return to target auto margins after Q4 reserve charge

Farhin Lilywala
February 01, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Aerial view of downtown Chicago

Allstate CEO Tom Wilson has called for a focus on corrective actions following its large Q4 loss preannouncement.

"Higher auto insurance prices were not sufficient to overcome increased loss costs and reserve increases," Wilson said.

"The comprehensive plan to return auto insurance margins to target levels continues to be implemented in 2023 and is expected to further increase...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsAllstateResultsMajor losses
farhin lilywala 2024 ii us 2.png
Farhin Lilywala
Associate Editor
Contact
Gift this article