Allstate slashes Q2 UW loss to $145mn from $2.1bn as underlying LR improves 850 bps
Allstate narrowed its second quarter underwriting loss to $145mn from $2.1bn a year ago, driven by 850 basis points of improvement in its core loss ratio to 64.4 percent, as cat losses fell by 21 percent and the personal lines giant took a $66mn reserve charge.
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