Question · Q3 2025
David Mokman from Evercore ISI followed up on the status of new product filings in New York and New Jersey, asking about the timeline for opening up new business and if Allstate would consider using existing products without waiting for ASC approval.
Answer
CEO Tom Wilson expressed hope that regulators would approve the new ASC product, benefiting customers. CFO Mario Rizzo added that Allstate is already writing some new business in both states, generating underwriting profits, and will continue to evaluate expanding underwriting guidelines with existing products while awaiting full ASC approval.