NORTHBROOK, Sick., February 15, 2024 – The Allstate Company (NYSE: ALL) in the present day introduced estimated disaster losses for the month of January of $276 million or $218 million, after-tax.
Estimated January disaster losses of $325 million had been primarily pushed by two occasions that comprised roughly 80% of the losses, partially offset by favorable reserve reestimates for prior occasions.
“Allstate continues to pursue fee will increase as we execute the auto insurance coverage revenue enchancment plan and preserve tempo with loss value tendencies. Through the month of January, fee will increase for Allstate model auto insurance coverage resulted in a premium affect of 1.4%, that are anticipated to boost annualized written premiums by roughly $363 million, and fee will increase for Allstate model owners insurance coverage have resulted in a premium affect of 0.3%, that are anticipated to boost annualized written premiums by roughly $40 million. Applied fee will increase and inflation in insured house alternative prices resulted in a 12.1% improve in owners insurance coverage common gross written premium in January 2024 in comparison with the prior yr,” stated Jess Merten, Chief Monetary Officer of The Allstate Company. Our carried out fee exhibit for auto and owners 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-Wanting Statements
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