NORTHBROOK, Ailing., December 15, 2022 – The Allstate Company (NYSE: ALL) at present introduced carried out auto insurance coverage charges for November 2022.
“Allstate continued to implement important auto insurance coverage fee actions in response to inflationary will increase to loss prices. Throughout the month of November, the Allstate model carried out auto fee will increase of 10.2% throughout 13 places, leading to whole model premium influence of two.9%. Because the starting of the 12 months, fee will increase for Allstate model auto insurance coverage have resulted in a premium influence of 15.0%, producing will increase of $695 million within the month of November and $3.6 billion year-to-date,” mentioned Jess Merten, Chief Monetary Officer of The Allstate Company. Our carried out auto fee exhibit has been posted on allstateinvestors.com.
Allstate’s estimated disaster losses have been beneath the $150 million reporting threshold for November 2022.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
This information launch incorporates “forward-looking statements” that anticipate outcomes primarily based on our estimates, assumptions and plans which might be topic to uncertainty. These statements are made topic to the safe-harbor provisions of the Personal Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or present details and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “seemingly,” “targets” and different phrases with comparable meanings. We consider these statements are primarily based on cheap estimates, assumptions and plans. Nonetheless, if the estimates, assumptions or plans underlying the forward-looking statements show inaccurate or if different dangers or uncertainties come up, precise outcomes may differ materially from these communicated in these forward-looking statements. Elements that would trigger precise outcomes to vary materially from these expressed in, or implied by, the forward-looking statements could also be present in our filings with the U.S. Securities and Trade Fee, together with the “Danger Elements” part in our most up-to-date annual report on Kind 10-Ok. Ahead-looking statements are as of the date on which they’re made, and we assume no obligation to replace or revise any forward-looking assertion.
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