NORTHBROOK, Ill., June 20, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses of $1.4 billion in May, and $1.1 billion after-tax.
Catastrophe losses included 14 events estimated at $1.48 billion, with approximately 70% of the losses coming from five wind and hail events, primarily in Texas, Colorado and Illinois. Total catastrophe losses for April and May were $1.89 billion before taxes, and total catastrophe losses for May year to date were $2.62 billion before taxes.
Financial information, including important announcements, regarding The Allstate Corporation is routinely 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.
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