Auto insurers face bumpy road ahead
Allstate reported this week that its property-liability combined ratio increased to 95.7 in the second quarter, nearly six points higher than during the same quarter last year. This ratio rises as underwriting losses and expenses become a greater percentage of premiums collected—not what investors want to see. The uptick was aided by increasing auto-accident frequency relative to very depressed levels during the pandemic.
via DigioNews Markets
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