NORTHBROOK, Ailing., February 15, 2024 – The Allstate Company (NYSE: ALL) in the present day introduced estimated disaster losses for the month of January of $276 million or $218 million, after-tax.
Estimated January disaster losses of $325 million have been primarily pushed by two occasions that comprised roughly 80% of the losses, partially offset by favorable reserve reestimates for prior occasions.
“Allstate continues to pursue price will increase as we execute the auto insurance coverage revenue enchancment plan and maintain tempo with loss price developments. Through the month of January, price will increase for Allstate model auto insurance coverage resulted in a premium affect of 1.4%, that are anticipated to boost annualized written premiums by roughly $363 million, and price will increase for Allstate model householders insurance coverage have resulted in a premium affect of 0.3%, that are anticipated to boost annualized written premiums by roughly $40 million. Carried out price will increase and inflation in insured residence alternative prices resulted in a 12.1% enhance in householders insurance coverage common gross written premium in January 2024 in comparison with the prior 12 months,” mentioned Jess Merten, Chief Monetary Officer of The Allstate Company. Our applied price exhibit for auto and householders insurance coverage has been posted on www.allstateinvestors.com.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Ahead-Wanting Statements
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