NORTHBROOK, Sick., August 18, 2022 – The Allstate Company (NYSE: ALL) immediately introduced estimated disaster losses for the month of July of $223 million or $176 million, after-tax. July disaster losses included 12 occasions, primarily wind and hail, that had been geographically widespread, estimated at $233 million, partially offset by favorable reserve reestimates for prior interval occasions.
“Allstate will proceed to implement vital fee actions within the second half of 2022 in response to inflationary will increase to auto insurance coverage severities. Through the month of July, the Allstate model applied fee will increase of 8.9% throughout 6 areas, leading to complete Allstate model insurance coverage premium affect of 1.0%. We’ve applied 64 fee will increase averaging roughly 9.0% throughout 51 areas for the reason that starting of the yr. Allstate model applied auto fee will increase totaled $240 million within the month of July, after implementing $1.5 billion within the earlier two quarters,” mentioned Mario Rizzo, Chief Monetary Officer of The Allstate Company. Our applied auto fee exhibit has been posted on allstateinvestors.com.
Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
This information launch comprises “forward-looking statements” that anticipate outcomes primarily based on our estimates, assumptions and plans which might be topic to uncertainty. These statements are made topic to the safe-harbor provisions of the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or present information and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “seemingly,” “targets” and different phrases with related meanings. We imagine these statements are primarily based on cheap estimates, assumptions and plans. Nevertheless, if the estimates, assumptions or plans underlying the forwardlooking statements show inaccurate or if different dangers or uncertainties come up, precise outcomes may differ materially from these communicated in these forward-looking statements. Elements that might trigger precise outcomes to vary materially from these expressed in, or implied by, the forward-looking statements could also be present in our filings with the U.S. Securities and Alternate Fee, together with the “Danger Elements” part in our most up-to-date annual report on Kind 10-Okay. Forwardlooking statements are as of the date on which they’re made, and we assume no obligation to replace or revise any forward-looking assertion.
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