NORTHBROOK, Sick., June 15, 2023 – The Allstate Firm (NYSE: ALL) at current launched estimated catastrophe losses for the month of May of $885 million or $699 million, after-tax.
May month catastrophe losses embrace 12 events estimated at $893 million, with roughly 70% of the losses related to 2 wind and hail events, partially offset by favorable reserve reestimates for prior events. Full catastrophe losses for April and May need been $1.68 billion, pre-tax.
In the middle of the month of May, the Allstate mannequin carried out auto value will enhance of 9.3% all through 15 locations, main to finish mannequin premium have an effect on of 1.6%.
“Allstate continued to implement necessary auto insurance coverage protection value actions as part of our full plan to boost profitability. Given that beginning of the yr, value will enhance for Allstate mannequin auto insurance coverage protection have resulted in a premium have an effect on of 4.9%, which are anticipated to elevate annualized written premiums by roughly $1.28 billion,” talked about Jess Merten, Chief Financial Officer of The Allstate Firm. Our carried out auto value exhibit has been posted on allstateinvestors.com.
Financial information, along with supplies bulletins about The Allstate Firm, is routinely posted on www.allstateinvestors.com.
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