Allstate Proclaims August 2023 Disaster Losses and Applied Charges

NORTHBROOK, Ailing., September 21, 2023 – The Allstate Company (NYSE: ALL) at the moment introduced estimated disaster losses for the month of August of $551 million or $435 million, after-tax.

August month disaster losses embrace 18 occasions estimated at $641 million, with roughly half of the losses associated to the Maui wildfire, partially offset by favorable reserve reestimates for prior occasions. Whole disaster losses for July and August had been $864 million, pre-tax.

Through the month of August, the Allstate model carried out auto price will increase of seven.0% throughout 5 areas, leading to whole model premium influence of 0.2%.

“Allstate continued to implement important auto and owners insurance coverage price actions as a part of our complete plan to enhance profitability. For the reason that starting of the yr, price will increase for Allstate model auto insurance coverage have resulted in a premium influence of 8.6%, that are anticipated to lift annualized written premiums by roughly $2.23 billion. Applied price will increase and inflation in insured house substitute prices resulted in a 13.2% enhance in owners insurance coverage common gross written premium in August 2023 in comparison with the prior yr,” mentioned Jess Merten, Chief Monetary Officer of The Allstate Company. Our carried out price exhibit for auto and owners insurance coverage has been posted on

Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on

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