Allstate Proclaims Might 2023 Disaster Losses and Applied Auto Charges

NORTHBROOK, Sick., June 15, 2023 – The Allstate Company (NYSE: ALL) at present introduced estimated disaster losses for the month of Might of $885 million or $699 million, after-tax.

Might month disaster losses embody 12 occasions estimated at $893 million, with roughly 70% of the losses associated to 2 wind and hail occasions, partially offset by favorable reserve reestimates for prior occasions. Complete disaster losses for April and Might have been $1.68 billion, pre-tax.

Throughout the month of Might, the Allstate model carried out auto price will increase of 9.3% throughout 15 areas, leading to whole model premium influence of 1.6%.

“Allstate continued to implement vital auto insurance coverage price actions as a part of our complete plan to enhance profitability. Because the starting of the yr, price will increase for Allstate model auto insurance coverage have resulted in a premium influence of 4.9%, that are anticipated to lift annualized written premiums by roughly $1.28 billion,” mentioned Jess Merten, Chief Monetary Officer of The Allstate Company. Our carried out auto price exhibit has been posted on

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

Ahead-Wanting Statements

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