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

Farhin Lilywala
February 02, 2023
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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.

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Farhin Lilywala
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