Allstate 2015 Annual Report Download - page 117
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The Allstate Corporation 2015 Annual Report 111
The components of the increase (decrease) in underwriting income (loss) by brand are shown in the following table.
Allstate brand Esurance brand Encompass brand
($ in millions) 2015 2014 2015 2014 2015 2014
Underwriting income (loss) prior period $ 2,235 $ 2,551 $ (259) $ (218) $ (76) $ 47
Changes in underwriting income (loss) from:
Premiums earned 1,234 1,003 125 216 22 91
Incurred claims and claims expense
(“losses”):
Incurred losses, excluding catastrophe
losses and reserve reestimates (1,563) (652) (76) (152) (19) (64)
Catastrophe losses excluding reserve
reestimates 160 (509) 6 (8) 50 (94)
Non‑catastrophes reserve reestimates (264) 71 2 16 (20) (23)
Catastrophes reserve reestimates 55 (120) (1) — 4 (11)
Total reserve reestimates (209) (49) 1 16 (16) (34)
Subtotal losses (1,612) (1,210) (69) (144) 15 (192)
Expenses (45) (109) 39 (113) 13 (22)
Underwriting income (loss) $ 1,812 $ 2,235 $ (164) $ (259) $ (26) $ (76)
For more information, see the previous discussions of premiums written and the combined, loss and expense ratio
discussion below.
Combined ratios by brand are shown in the following table.
Allstate brand Esurance brand Encompass brand Allstate Protection
2015 2014 2013 2015 2014 2013 2015 2014 2013 2015 2014 2013
Loss ratio 68.7 65.8 63.6 75.1 76.8 78.5 73.5 76.0 65.4 69.2 66.8 64.4
Expense ratio 24.7 25.7 26.3 35.2 40.9 39.0 28.5 30.1 30.5 25.5 26.7 27.1
Combined ratio 93.4 91.5 89.9 110.3 117.7 117.5 102.0 106.1 95.9 94.7 93.5 91.5