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-0.000296454405312362 -0.000652199691687331 -0.00106723585912491 -0.00260879876674966 -0.00379461638799944 -0.00500830072334868 -0.00207518083718721 0.000711490572749938
Stock impact report

Allstate's (ALL) Auto Rate Hiking Spree Continued in February [Yahoo! Finance]

Allstate Corporation (The) (ALL) 
Last allstate corporation (the) earnings: 2/4 06:08 pm Check Earnings Report
US:NYSE Investor Relations: allstateinvestors.com
Company Research Source: Yahoo! Finance
Simultaneously, it also disclosed catastrophe loss estimates for the last month. The implementation of rate hikes in the auto insurance business of the Allstate brand had inflicted a favorable impact of 0.1% on premiums for February 2024. The insurer seems to be on a spree to implement successive rate hikes since the beginning of 2024, which benefited premiums by 1.5% on a year-to-date basis. In the homeowners insurance business, the Allstate brand pursued rate increases last month, resulting in a positive impact of 2.4% on premiums. Year to date, the benefit to premiums was 2.7%. Implemented rate hikes and escalating insured home replacement expenses led to 12.4% year-over-year growth in homeowners insurance average gross written premium for this February. The rate improvements are in sync with efforts to boost the profits of Allstate's insurance business, a dire need amid the persistent inflationary headwind and uninterrupted claim expenses, which are roadblocks in the way of Show less Read more
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