Allstate Announces November 2022 Implemented Auto Rates
15 Dicembre 2022 - 02:28PM
Business Wire
The Allstate Corporation (NYSE: ALL) today announced implemented
auto insurance rates for November 2022.
“Allstate continued to implement significant auto insurance rate
actions in response to inflationary increases to loss costs. During
the month of November, the Allstate brand implemented auto rate
increases of 10.2% across 13 locations, resulting in total brand
premium impact of 2.9%. Since the beginning of the year, rate
increases for Allstate brand auto insurance have resulted in a
premium impact of 15.0%, generating increases of $695 million in
the month of November and $3.6 billion year-to-date,” said Jess
Merten, Chief Financial Officer of The Allstate Corporation. Our
implemented auto rate exhibit has been posted on
allstateinvestors.com.
Allstate’s estimated catastrophe losses were below the $150
million reporting threshold for November 2022.
Financial information, including material announcements about
The Allstate Corporation, is routinely posted on
www.allstateinvestors.com.
Forward-Looking Statements
This news release contains “forward-looking statements” that
anticipate results based on our estimates, assumptions and plans
that are subject to uncertainty. These statements are made subject
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Reform Act of 1995. These forward-looking statements do not relate
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their use of words like “plans,” “seeks,” “expects,” “will,”
“should,” “anticipates,” “estimates,” “intends,” “believes,”
“likely,” “targets” and other words with similar meanings. We
believe these statements are based on reasonable estimates,
assumptions and plans. However, if the estimates, assumptions or
plans underlying the forward-looking statements prove inaccurate or
if other risks or uncertainties arise, actual results could differ
materially from those communicated in these forward-looking
statements. Factors that could cause actual results to differ
materially from those expressed in, or implied by, the
forward-looking statements may be found in our filings with the
U.S. Securities and Exchange Commission, including the “Risk
Factors” section in our most recent annual report on Form 10-K.
Forward-looking statements are as of the date on which they are
made, and we assume no obligation to update or revise any
forward-looking statement.
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Al Scott Media Relations (847) 402-5600
Mark Nogal Investor Relations (847) 402-2800
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