NORTHBROOK, Sick., February 16, 2023 – The Allstate Company (NYSE: ALL) lately introduced estimated disaster losses for the month of January of $307 million or $243 million, after-tax.
Disaster losses for January occasions have been estimated at $309 million, associated with 9 occasions essentially in Texas and California, partly offset by way of favorable reserve reestimates for prior occasions.
“Allstate persevered to enforce vital auto insurance coverage charge movements in keeping with inflationary will increase to loss prices. All the way through the month of January, the Allstate emblem carried out auto charge will increase of 9.9% throughout 13 places, leading to overall emblem top rate affect of 0.7% which might be anticipated to boost annualized written premiums by way of roughly $182 million,” stated Jess Merten, Leader Monetary Officer of The Allstate Company. Our carried out auto charge show off has been posted on allstateinvestors.com.
Monetary data, together with subject material bulletins about The Allstate Company, is mechanically posted on www.allstateinvestors.com.
Ahead-Taking a look Statements
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