Aallstate(US:ALL)2023-02-02 13:34Financial Performance - Allstate reported a net loss of $1.4 billion in 2022, primarily due to lower auto insurance profitability and mark-to-market losses on public equity investments[4] - Total revenues increased by 1.6% to $51.412 billion in 2022 compared to $50.588 billion in 2021[7] - Net investment income decreased by 27.0% to $2.403 billion in 2022 from $3.293 billion in 2021[7] - Net losses on investments and derivatives were $1.072 billion in 2022, compared to net gains of $1.084 billion in 2021[7] Property-Liability Insurance - Property-Liability insurance premiums increased by 8.5% to $43.909 billion in 2022 compared to $40.454 billion in 2021[7] - The Property-Liability combined ratio was 106.6 in Q4 2022 and 107.9 for the full year[10] - Allstate brand auto implemented rate increases of 16.9% in 2022, including 6.1% in the fourth quarter[22] - Rate increases drove a $1.2 billion increase to Allstate brand earned premium in 2022 compared to the prior year[25] - Approximately 45% of Allstate brand auto insurance underwriting loss came from three major states[31] Allstate Protection Plans - Allstate Protection Plans revenues increased 16.9% in Q4 2022[48] - Unearned premiums for Allstate Protection Plans increased to $2.6 billion[48]