Allstate Announces February 2024 Catastrophe Losses and Implemented Rates
21 Marzo 2024 - 1:25PM
Business Wire
The Allstate Corporation (NYSE: ALL) today announced that
estimated catastrophe losses were below the $150 million reporting
threshold for February 2024.
Rate increases for Allstate brand auto insurance resulted in a
premium impact of 0.1% for the month of February and 1.5%
year-to-date. Rate increases for Allstate brand homeowners
insurance have resulted in a premium impact of 2.4% for the month
of February and 2.7% year-to-date. Implemented rate increases and
inflation in insured home replacement costs resulted in a 12.4%
increase in homeowners insurance average gross written premium in
February 2024 compared to the prior year. Our implemented rate
exhibit for auto and homeowners insurance has been posted on
www.allstateinvestors.com.
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
to the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements do not relate
strictly to historical or current facts and may be identified by
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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version on businesswire.com: https://www.businesswire.com/news/home/20240321377398/en/
Al Scott Media Relations (847) 402-5600
Brent Vandermause Investor Relations (847) 402-2800
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