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Allstate Profits Rise, But Homeowners Pay More | Durham News
Allstate’s Q2 earnings look strong on paper—net income jumped 56% to $3.2 billion, and their combined ratio improved to 86.6%. But the real story? Homeowners insurance premiums are climbing, fueled by higher rates and a surprisingly calm catastrophe season. While Allstate turns a profit in this line after last year’s losses, policyholders are paying more: average premiums rose 5.8%. With national rates projected to hit over $3,000 and non-renewals on the rise, affordability and access are becoming serious issues for homeowners nationwide. Listen in comfort:Get a discount on a Soli Pillow…
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