NORTHBROOK, In poor health., November 16, 2023 – The Allstate Company (NYSE: ALL) immediately introduced carried out auto and householders insurance coverage charges for October 2023.
“Allstate continued to implement vital auto and householders insurance coverage charge actions as a part of our complete plan to enhance profitability. Because the starting of the 12 months, charge will increase for Allstate model auto insurance coverage have resulted in a premium impression of 10.4%, that are anticipated to boost annualized written premiums by roughly $2.70 billion, and charge will increase for Allstate model householders insurance coverage have resulted in a premium impression of 9.6%, that are anticipated to boost annualized written premiums by roughly $982 million. Applied charge will increase and inflation in insured house alternative prices resulted in a 12.2% improve in householders insurance coverage common gross written premium in October 2023 in comparison with the prior 12 months,” mentioned Jess Merten, Chief Monetary Officer of The Allstate Company. Our carried out charge exhibit for auto and householders insurance coverage has been posted on www.allstateinvestors.com.
Allstate’s estimated disaster losses have been under the $150 million reporting threshold for October 2023.
Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
This information launch comprises “forward-looking statements” that anticipate outcomes primarily based on our estimates, assumptions and plans which can be topic to uncertainty. These statements are made topic to the safe-harbor provisions of the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or present info and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “possible,” “targets” and different phrases with comparable meanings. We imagine these statements are primarily based on affordable 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. Components that might 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 “Threat Components” 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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