The Allstate Corporation (NYSE: ALL) today announced implemented auto insurance rates for October 2022.
“Allstate continued to implement significant auto insurance rate actions in the second half of 2022 in response to inflationary increases to loss costs. During the month of October, the Allstate brand implemented auto rate increases of 14.0% across 15 locations, resulting in total brand premium impact of 1.3%. Rate increases for Allstate brand auto insurance since the beginning of the year have resulted in a premium impact of 12.1%, generating increases of $307 million in the month of October and $2.9 billion year-to-date,” said Jess Merten, Chief Financial Officer of The Allstate Corporation. Our implemented auto rate exhibit has been posted on allstateinvestors.com.
Allstate’s estimated catastrophe losses were below the $150 million reporting threshold for October 2022.
Source: Allstate
