NORTHBROOK, Ailing., April 18, 2024 –The Allstate Company (NYSE: ALL) at this time introduced estimated disaster losses for the month of March of $328 million or $259 million, after-tax.
March month disaster losses embrace six occasions estimated at $343 million or $271 million, after-tax, with roughly 80% of the losses associated to at least one hail occasion, partially offset by favorable reserve reestimates for prior occasions. Whole disaster losses for the primary quarter have been $731 million, pre-tax.
Fee will increase for Allstate model auto insurance coverage resulted in a premium influence of 0.9% for the month of March and a couple of.4% year-to-date. Fee will increase for Allstate model owners insurance coverage have resulted in a premium influence of 0.7% for the month of March and three.4% year-to-date. Applied fee will increase and inflation in insured dwelling substitute prices resulted in a 11.9% enhance in owners insurance coverage common gross written premium in March 2024 in comparison with the prior yr. Our carried out fee exhibit for auto and owners insurance coverage has been posted on www.allstateinvestors.com.
Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Ahead-Wanting Statements
This information launch incorporates “forward-looking statements” that anticipate outcomes primarily based on our estimates, assumptions and plans which might be topic to uncertainty. These statements are made topic to the safe-harbor provisions of the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or present information and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “seemingly,” “targets” and different phrases with comparable meanings. We imagine these statements are primarily based on affordable estimates, assumptions and plans. Nevertheless, if the estimates, assumptions or plans underlying the forward-looking statements show inaccurate or if different dangers or uncertainties come up, precise outcomes may differ materially from these communicated in these forward-looking statements. Components that would trigger precise outcomes to vary materially from these expressed in, or implied by, the forward-looking statements could also be present in our filings with the U.S. Securities and Change Fee, together with the “Danger Components” part in our most up-to-date annual report on Kind 10-Ok. Ahead-looking statements are as of the date on which they’re made, and we assume no obligation to replace or revise any forward-looking assertion.
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