NORTHBROOK, Ailing., Might 18, 2023 – The Allstate Company (NYSE: ALL) right this moment introduced estimated disaster losses for the month of April of $799 million or $631 million, after-tax.
April month disaster losses embrace 12 occasions estimated at $872 million, with roughly 60% of the losses associated to 2 wind and hail occasions, partially offset by favorable reserve reestimates for prior occasions.
In the course of the month of April, the Allstate model carried out auto price will increase of 8.6% throughout 13 places, 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 12 months, price will increase for Allstate model auto insurance coverage have resulted in a premium influence of three.3%, that are anticipated to boost annualized written premiums by roughly $862 million,” mentioned Jess Merten, Chief Monetary Officer of The Allstate Company. Our carried out auto price exhibit has been posted on allstateinvestors.com.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
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