NORTHBROOK, Sick., March 16, 2023 – The Allstate Company (NYSE: ALL) as we speak introduced estimated disaster losses for the month of February of $211 million or $167 million, after-tax.
Disaster losses for February occasions have been estimated at $241 million, associated to 9 occasions primarily from wind and rain that have been geographically widespread, partially offset by favorable reserve reestimates for prior occasions. Disaster losses for January and February totaled $518 million, pre-tax.
“Allstate continued to implement important auto insurance coverage price actions in response to inflationary will increase to loss prices. Throughout the month of February, the Allstate model applied auto price will increase of seven.6% throughout 10 areas, leading to complete model premium affect of 0.5% that are anticipated to boost annualized written premiums by roughly $127 million,” mentioned Jess Merten, Chief Monetary Officer of The Allstate Company. Our applied auto price exhibit has been posted on allstateinvestors.com.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
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