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This excerpt taken from the ALL 10-Q filed May 7, 2009. Standard
auto loss ratio for the Allstate brand increased 3.3 points in the
first quarter of 2009 compared to the first quarter of 2008 due to higher loss
frequencies and claim severities. Gross
frequencies increased in the physical damage and bodily injury coverages driven
in part by winter
weather experienced in the eastern part of the U.S. in the first quarter of
2009 compared to the first quarter of 2008. Physical damage frequency in the eastern part
of the U.S. increased in the first quarter of 2009 while we continued to see a
decline in the western states compared to the first quarter of 2008. Average loss costs or claims severity
increased consistent with relevant Consumer Price Index (“CPI”) indices for the
bodily injury coverages and were a component of the loss ratio
deterioration. Physical damage coverage
severity primarily increased with relevant CPI indices. Favorable prior year reserve reestimates also
partially offset the loss ratio increase.
Standard auto loss ratio
for the Encompass brand increased 23.0 points in the first quarter of 2009
compared to the first quarter of 2008 primarily driven by lower favorable prior
year reserve reestimates.
This excerpt taken from the ALL 10-Q filed Nov 6, 2008. Standard auto loss
ratio for the Allstate brand increased 0.9 points in
the three months ended September 30, 2008 and 2.1 points during the first
nine months of 2008 compared to the same periods of 2007 due to increased
catastrophe losses in both periods and reduced prior year reserve reestimates
for the nine months of 2008. Excluding catastrophes, the underlying
inflationary increase in severity was largely offset by declines in frequency,
in part driven by the slumping economy and higher gas price impact on miles
driven. Standard auto loss ratio for the Encompass brand increased 9.5
points in the three months ended September 30, 2008 due to unfavorable
prior year reserve reestimates in 2008 compared to favorable reestimates in
2007 and 1.3 points during the first nine months of 2008 compared to the same
period of 2007.
This excerpt taken from the ALL 10-Q filed Aug 6, 2008. Standard auto loss ratio
increased 3.6 points for the Allstate brand in the three months ended June 30,
2008 and 2.7 points during the first six months of 2008 compared to the same
periods of 2007 due to lower favorable reserve reestimates related to prior
years and increased catastrophe losses. Standard auto loss ratio for the
Encompass brand increased 8.6 points in the three months ended June 30,
2008 compared to the same period of 2007 due to reserve reestimates that were
unfavorable in the current year and favorable in the prior years. Standard auto loss ratio for the Encompass
brand decreased 2.6 points during the first six months of 2008 compared to the
same period of 2007 due to higher favorable reserve reestimates.
41
This excerpt taken from the ALL 10-Q filed May 8, 2008. Standard auto loss ratio
increased 1.9 points for the Allstate brand in the first quarter of 2008
compared to the same period of 2007 due to increased catastrophe losses and the
absence of favorable prior year reserve reestimates. Standard
auto loss ratio for the Encompass brand decreased 13.7 points in the
first quarter of 2008 compared to the same period of 2007 due to higher
favorable reserve reestimates related to prior years largely attributable to
reclassified IBNR from standard auto to other personal lines to be consistent
with the recording of excess liability policies’ premiums and losses.
This excerpt taken from the ALL 10-Q filed Oct 31, 2007. Standard auto loss ratio
for the Allstate brand increased 5.9 points in the three months ended September
30, 2007 and 4.0 points during the first nine months of 2007 when compared to
the same periods of 2006 due to lower favorable reserve reestimates related to
prior years, and higher claim frequency and claim severity excluding
catastrophes, partially offset by higher premiums earned. Standard auto loss ratio for the
Encompass brand increased 10.1 points in the three months ended September 30,
2007 and 1.2 points during the first nine months of 2007 when compared to the
same periods of 2006 due to lower favorable reserve reestimates related to
prior years.
This excerpt taken from the ALL 10-Q filed Aug 1, 2007. Standard
auto loss ratio for the Allstate brand increased 0.4 points
in the three months ended June 30, 2007 and 3.0 points during the first six
months of 2007 when compared to the same periods of 2006 due to lower favorable
reserve reestimates related to prior years, and higher claim frequency and
claim severity excluding catastrophes, partially offset by higher premiums
earned. Standard auto loss ratio for the Encompass brand decreased 5.9
points in the three months ended June 30, 2007 and 3.2 points during the first
six months of 2007 when compared to the same periods of 2006 due to favorable
reserve reestimates related to prior years.
This excerpt taken from the ALL 10-Q filed May 1, 2007. Standard
auto loss ratio increased 5.6 points for the Allstate
brand in the first quarter of 2007 when compared to the same period of 2006 due
to lower favorable reserve reestimates related to prior years, higher claim
frequency and claim severity excluding
catastrophes, and increased catastrophes, partially offset by higher premiums
earned in the Allstate brand. The
Encompass brand standard auto loss ratio decreased 0.5 points in the first
quarter of 2007 when compared to the same period of 2006.
This excerpt taken from the ALL 10-Q filed Nov 1, 2006. Standard auto loss ratio
for the Allstate brand decreased 4.9 points in
the three months ended September 30, 2006 and 5.1 points during the first nine
months of 2006 when compared to the same periods of 2005 due to lower catastrophes, higher premiums
earned, lower claim frequency excluding catastrophes and favorable reserve
reestimates related to prior years, partially offset by higher current year
claim severity. The Allstate brand
standard auto loss ratio for the first nine months of 2005 also included an
accrual for litigation. Standard auto loss ratio for the Encompass brand decreased 23.9 points in the
three months ended September 30, 2006 and 7.6 points during the first nine months
of 2006 when compared to the same periods of 2005 due to lower catastrophes, lower claim
frequency excluding catastrophes and favorable reserve reestimates related to
prior years, partially offset by higher current year claim severity and lower
premiums earned.
This excerpt taken from the ALL 10-Q filed Aug 8, 2006. Standard auto loss ratio for the Allstate
brand decreased 3.4 points in the three months ended June 30, 2006 and 5.1
points during the first six months of 2006 when compared to the same periods of
2005 due to higher premiums earned, lower claim frequency excluding
catastrophes and higher favorable reserve reestimates related to prior years,
partially offset by higher current year claim severity. Standard auto loss ratio for the Encompass brand decreased 0.9
points in the three months ended June 30, 2006 due to lower claim frequency
excluding catastrophes and higher favorable reserve reestimates related to
prior years, partially offset by higher current year claim severity and lower
premiums earned. Standard auto loss ratio for the Encompass brand increased 0.3
points during the first six months of 2006 when compared to the same periods of
2005 due to higher current year claim severity and lower premiums earned,
partially offset by lower claim frequency excluding catastrophes and higher
favorable reserve reestimates related to prior years.
This excerpt taken from the ALL 10-Q filed May 3, 2006. Standard auto loss ratio
decreased 6.8 points for the Allstate brand in the first quarter of 2006 when
compared to the same period of 2005 due to higher premiums earned, lower claim
frequency excluding catastrophes and higher favorable reserve reestimates
related to prior years, partially offset by higher current year claim severity.
Standard auto loss ratio
increased 1.5 points for the Encompass brand in the first quarter of 2006 when
compared to the same period of 2005 due to higher current year claim severity
and lower premiums earned, partially offset by lower claim frequency excluding
catastrophes and higher favorable reserve reestimates related to prior years.
This excerpt taken from the ALL 10-Q filed Nov 1, 2005. Standard auto loss
ratio for the Allstate brand increased 2.2 points in
the three months ended September 30, 2005 and 2.1 points during the first
nine months of 2005 when compared to the same periods last year. Standard auto loss ratio for Encompass brand
increased 14.2 points in the three months ended September 30, 2005 and 6.2
points during the first nine months of 2005 when compared to the same periods last
year. The increases in the third
quarter of 2005 were due to higher premiums earned, higher favorable reserve
reestimates related to prior years and lower claim frequency excluding
catastrophes, being more than offset by higher catastrophe losses and higher
current year claim severity. The
increases during the first nine months of 2005 were due to higher premiums
earned in Allstate brand and lower claim frequency excluding catastrophes being
more than offset by higher catastrophe losses, lower favorable reserve
reestimates related to prior years and higher current year claim severity. The Allstate brand loss ratio for the first
nine months of 2005 also included an accrual for litigation. The Encompass brand standard auto loss ratio
in the third quarter of 2005 was also unfavorably impacted by 8.2 points as a
result of adopting procedures for establishing loss reserve estimates
consistent with those used for the Allstate brand. The third quarter of 2004 included lower
estimates of current year Encompass brand claim severity.
This excerpt taken from the ALL 10-Q filed Aug 3, 2005. Standard auto loss
ratio for the Allstate brand increased 5.9 points in
the three months ended June 30, 2005 and 2.0 points during the first six
months of 2005 when compared to the same periods last year. Standard auto loss ratio for Encompass brand
increased 9.7 points in the three months ended June 30, 2005 and 2.4
points during the first six months of 2005 when compared to the same periods
last year. These increases were due to
lower favorable reserve reestimates related to prior years, an accrual for
litigation and higher current year claim severity, partially offset by higher
premiums earned in the Allstate brand, lower claim frequency and lower
catastrophe losses. The second quarter
of 2004 included lower estimates of current year Encompass brand claim
frequency.
This excerpt taken from the ALL 10-Q filed May 3, 2005. Standard auto loss ratio
declined 2.0 points for the Allstate brand and 4.9 points for the Encompass
brand in the first quarter of 2005 when compared to the same period of
2004. These declines were due to higher
premiums earned, lower claim frequency and favorable reserve reestimates
related to prior years, partially offset by higher current year claim severity.
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