NORTHBROOK, Sick., February 16, 2023 – The Allstate Company (NYSE: ALL) as we speak introduced estimated disaster losses for the month of January of $307 million or $243 million, after-tax.
Disaster losses for January occasions had been estimated at $309 million, associated to 9 occasions primarily in Texas and California, partially offset by favorable reserve reestimates for prior occasions.
“Allstate continued to implement vital auto insurance coverage price actions in response to inflationary will increase to loss prices. Throughout the month of January, the Allstate model applied auto price will increase of 9.9% throughout 13 places, leading to complete model premium impression of 0.7% that are anticipated to lift annualized written premiums by roughly $182 million,” stated Jess Merten, Chief Monetary Officer of The Allstate Company. Our applied 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.
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