NORTHBROOK, Sick., April 18, 2024 –The Allstate Company (NYSE: ALL) immediately 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 had been $731 million, pre-tax.
Price will increase for Allstate model auto insurance coverage resulted in a premium impression of 0.9% for the month of March and a couple of.4% year-to-date. Price will increase for Allstate model householders insurance coverage have resulted in a premium impression of 0.7% for the month of March and three.4% year-to-date. Applied charge will increase and inflation in insured house substitute prices resulted in a 11.9% enhance in householders insurance coverage common gross written premium in March 2024 in comparison with the prior yr. Our applied charge exhibit for auto and householders 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-Trying 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 Personal 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 related meanings. We consider these statements are primarily based on affordable estimates, assumptions and plans. Nonetheless, if the estimates, assumptions or plans underlying the forward-looking statements show inaccurate or if different dangers or uncertainties come up, precise outcomes might 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 Trade Fee, together with the “Danger Components” part in our most up-to-date annual report on Type 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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