NORTHBROOK, In poor health., August 18, 2022 – The Allstate Company (NYSE: ALL) as we speak introduced estimated disaster losses for the month of July of $223 million or $176 million, after-tax. July disaster losses included 12 occasions, primarily wind and hail, that have been geographically widespread, estimated at $233 million, partially offset by favorable reserve reestimates for prior interval occasions.
“Allstate will proceed to implement vital charge actions within the second half of 2022 in response to inflationary will increase to auto insurance coverage severities. In the course of the month of July, the Allstate model applied charge will increase of 8.9% throughout 6 places, leading to whole Allstate model insurance coverage premium impression of 1.0%. Now we have applied 64 charge will increase averaging roughly 9.0% throughout 51 places because the starting of the 12 months. Allstate model applied auto charge will increase totaled $240 million within the month of July, after implementing $1.5 billion within the earlier two quarters,” mentioned Mario Rizzo, Chief Monetary Officer of The Allstate Company. Our applied auto charge exhibit has been posted on allstateinvestors.com.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Ahead-Trying Statements
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