Allstate Q2 UW loss deepens to $2.1bn as cats more than double to $2.7bn

Allstate’s Q2 underwriting loss deepened to $2.1bn - more than double the prior year period’s $864mn deficit - driven by catastrophe losses that increased $1.6bn to $2.7bn, while its core loss ratio ticked up 200bps as the business continues to struggle with soaring loss costs.


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