NORTHBROOK, IL, March 21, 2024 – Allstate Corporation (NYSE: ALL) today announced that its estimated catastrophe losses are below the February 2024 reporting threshold of $150 million.
Rate increases for Allstate brand auto insurance resulted in a 0.1% premium impact in February and 1.5% year-to-date. Allstate-branded homeowners insurance rate increases resulted in a 2.4% premium impact in February and 2.7% year-to-date. Due to the implementation of premium rate increases and home replacement cost inflation, average gross written premiums for homeowners insurance increased 12.4% year over year in February 2024. Our auto and homeowners insurance rates are available at www.allstateinvestors.com.
Financial information about Allstate Corporation, including important announcements, is posted periodically at www.allstateinvestors.com.
Forward-looking statements
This news release contains forward-looking statements that predict results based on the Company’s estimates, assumptions and plans that involve uncertainties. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by the use of terminology such as “plans,” “,” and similar words. “seek”, “expect”, “would”, “should”, “anticipate”, “estimate”, “intend”, “believe”, “likely”, “goal and ‘, and other words with similar meanings. The Company believes that these statements are based on reasonable estimates, assumptions and plans. However, if estimates, assumptions or plans underlying forward-looking statements prove inaccurate or are subject to other risks and uncertainties, actual results may differ from those forward-looking statements. They may differ materially from those conveyed in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include the “Risk Factors” section of our most recent annual report. This may be included in your submission to the committee. on Form 10-K. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statements.
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