Allstate Pronounces May 2023 Catastrophe Losses and Utilized Auto Prices

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

Financial information, along with supplies bulletins about The Allstate Firm, is routinely posted on

Forward-Wanting Statements

This info launch accommodates “forward-looking statements” that anticipate outcomes based totally on our estimates, assumptions and plans which could be matter to uncertainty. These statements are made matter to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or current particulars and is also acknowledged by their use of phrases like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “in all probability,” “targets” and completely different phrases with associated meanings. We think about these statements are based totally on reasonably priced estimates, assumptions and plans. Nonetheless, if the estimates, assumptions or plans underlying the forward-looking statements present inaccurate or if completely different risks or uncertainties come up, exact outcomes might differ materially from these communicated in these forward-looking statements. Parts which may set off exact outcomes to range materially from these expressed in, or implied by, the forward-looking statements is also current in our filings with the U.S. Securities and Change Price, along with the “Menace Parts” half in our newest annual report on Kind 10-Okay. Forward-looking statements are as of the date on which they’re made, and we assume no obligation to switch or revise any forward-looking assertion.

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