NORTHBROOK, Ill., Sept. 19, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated August catastrophe losses of $272 million, or $215 million after-tax, which includes favorable reserve re-estimations for prior period events.
August catastrophe losses included 15 events estimated at $306 million, of which approximately $75 million was related to the Calgary, Canada hail event. The Calgary hail event estimate includes reinsurance reinstatement premiums and excludes expected reinsurance recoveries of $225 million.
Combined catastrophe losses for July and August were $814 million, or $643 million after-tax, and combined catastrophe losses for August to date were $3.67 billion, or $2.9 billion after-tax.
Financial information, including important announcements, regarding The Allstate Corporation is periodically posted at www.allstateinvestors.com.
Forward-Looking Statements
This press release contains “forward-looking statements” that forecast results based on our estimates, assumptions and plans, which are subject to uncertainties. These statements are subject 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 words such as “plans,” “aim,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “target” and similar words. The Company believes that these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results may differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are described in our filings with the Securities and Exchange Commission, including the “Risk Factors” section of our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and the Company assumes no obligation to update or revise any forward-looking statements.
# # # #
Post View: 14
