NORTHBROOK, Unwell., Could 18, 2023 – The Allstate Company (NYSE: ALL) at this time introduced estimated disaster losses for the month of April of $799 million or $631 million, after-tax.
April month disaster losses embrace 12 occasions estimated at $872 million, with roughly 60% of the losses associated to 2 wind and hail occasions, partially offset by favorable reserve reestimates for prior occasions.
Through the month of April, the Allstate model carried out auto price will increase of 8.6% throughout 13 areas, leading to complete model premium affect of 1.6%.
“Allstate continued to implement important auto insurance coverage price actions as a part of our complete plan to enhance profitability. Because the starting of the yr, price will increase for Allstate model auto insurance coverage have resulted in a premium affect of three.3%, that are anticipated to boost annualized written premiums by roughly $862 million,” stated Jess Merten, Chief Monetary Officer of The Allstate Company. Our carried out auto price exhibit has been posted on allstateinvestors.com.
Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Ahead-Wanting Statements
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