Allstate Announces August 2021 Catastrophe Losses
16 Settembre 2021 - 2:29PM
Business Wire
The Allstate Corporation (NYSE: ALL) today announced estimated
catastrophe losses for the month of August of $876 million or $692
million, after-tax. Catastrophe losses for July and August totaled
$1.1 billion, pre-tax.
Catastrophe losses in August comprised 11 events at an estimated
cost of $843 million plus unfavorable prior period reserve
reestimates. Hurricane Ida impacted 19 states with the majority of
losses occurring in Louisiana, resulting in gross losses of
approximately $1.4 billion. Net losses are estimated at $631
million, pre-tax ($498 million, after-tax), reflecting anticipated
reinsurance recoveries under our Nationwide Excess Catastrophe
Reinsurance Program, partially offset by reinstatement
premiums.
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/20210916005468/en/
Rachel Hill Media Relations (847) 402-5600
Mark Nogal Investor Relations (847) 402-2800
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