Exactly so.
It is very common for insurance companies to pay out more in claims than they are allowed to take in as premium. Nevertheless; they are demonized by those who set the rates, and derided by those ignorant of the difference between gambling and pure risk.
Allstate has to assume...has to know they’ll get screwed again.
Kinda hard to believe that theory when Allstate is #61 on the fortune 500.