earnings
confidence high
sentiment negative
materiality 0.80
Allstate estimates Q4 2022 net loss up to $335M; auto combined ratio 112.6
ALLSTATE CORP
2022-FY EPS reported
-$5.22
revenue$51,412,000,000
- Estimated net loss of $285M-$335M; adjusted net loss $335M-$385M.
- Property-Liability combined ratio 109.1; personal auto 112.6 driven by $590M reserve additions.
- Catastrophe losses of $779M, including $478M from Winter Storm Elliott.
- Auto premiums written up 13.3% to $7.8B; rate increases of 16.9% annualized in 2022.
- Holding company assets $4.0B; share repurchase expected to complete by Sep 2023.