Allstate Announces November 2022 Implemented Auto Rates

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Allstate Announces November 2022 Implemented Auto Rates


NORTHBROOK, Ill., December 15, 2022 – The Allstate Corporation (NYSE: ALL) in the present day introduced carried out auto insurance coverage charges for November 2022.

“Allstate continued to implement significant auto insurance rate actions in response to inflationary increases to loss costs. During the month of November, the Allstate brand implemented auto rate increases of 10.2% across 13 locations, resulting in total brand premium impact of 2.9%. Since the beginning of the year, rate increases for Allstate brand auto insurance have resulted in a premium impact of 15.0%, generating increases of $695 million in the month of November and $3.6 billion year-to-date,” stated Jess Merten, Chief Financial Officer of The Allstate Corporation. Our carried out auto price exhibit has been posted on allstateinvestors.com.

Allstate’s estimated disaster losses have been beneath the $150 million reporting threshold for November 2022.

Financial data, together with materials bulletins about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

Forward-Looking 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 Private Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or present info and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “targets” and different phrases with comparable meanings. We consider these statements are primarily based on affordable estimates, assumptions and plans. However, 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. Factors that might 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 Exchange Commission, together with the “Risk Factors” part in our most up-to-date annual report on Form 10-Okay. Forward-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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