Insurance

Allstate announces February 2024 catastrophe losses and enforcement rates | Allstate News Center


Northbrook, IL, March 21, 2024 – Allstate Corporation (NYSE: ALL) announced today that estimated catastrophe losses are below the February 2024 reporting threshold of $150 million.

Higher rates for Allstate-branded auto insurance resulted in premiums rising 0.1% in February and 1.5% year-to-date. An increase in Allstate brand home insurance rates resulted in premiums rising 2.4% in February and 2.7% year-to-date. Implemented rate increases and inflation in the replacement cost of insured homes resulted in a 12.4% increase in average total written premiums for homeowners insurance in February 2024 compared to the previous year. Our implementation rate schedules for auto and home insurance are posted at www.allstateinvestors.com.

Financial information, including important announcements about The Allstate Corporation, is regularly posted at www.allstateinvestors.com.

forward-looking statements

This press release contains “forward-looking statements” that predict results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may appear to be statements that do not relate strictly to historical or current facts and may be identified through the use of words such as “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” etc. words to identify. “Intend,” “believe,” “may,” “aim,” and other words of similar meaning. We believe that these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or planning statements underlying the forward-looking statements prove to be inaccurate or if other risks or uncertainties materialize, actual results may differ materially from those conveyed in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements may be found in our filings with the Securities and Exchange Commission, including under “Risk Factors” in our most recent Annual Report on Form 10-K part. Forward-looking statements speak as of the date they are made, and we assume no obligation to update or revise any forward-looking statement.

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