NORTHBROOK, Ill., February 16, 2023 – The Allstate Corporation (NYSE: ALL) right this moment introduced estimated disaster losses for the month of January of $307 million or $243 million, after-tax.
Catastrophe losses for January occasions have been estimated at $309 million, associated to 9 occasions primarily in Texas and California, partially offset by favorable reserve reestimates for prior occasions.
“Allstate continued to implement significant auto insurance rate actions in response to inflationary increases to loss costs. During the month of January, the Allstate brand implemented auto rate increases of 9.9% across 13 locations, resulting in total brand premium impact of 0.7% which are expected to raise annualized written premiums by approximately $182 million,” stated Jess Merten, Chief Financial Officer of The Allstate Corporation. Our carried out auto charge exhibit has been posted on allstateinvestors.com.
Financial info, together with materials bulletins about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
Forward-Looking Statements
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