Allstate Declares August 2023 Disaster Losses and Applied Charges

NORTHBROOK, Ailing., September 21, 2023 – The Allstate Company (NYSE: ALL) immediately introduced estimated disaster losses for the month of August of $551 million or $435 million, after-tax.

August month disaster losses embody 18 occasions estimated at $641 million, with roughly half of the losses associated to the Maui wildfire, partially offset by favorable reserve reestimates for prior occasions. Complete disaster losses for July and August have been $864 million, pre-tax.

Through the month of August, the Allstate model carried out auto charge will increase of seven.0% throughout 5 places, leading to whole model premium affect of 0.2%.

“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 yr, charge will increase for Allstate model auto insurance coverage have resulted in a premium affect of 8.6%, that are anticipated to lift annualized written premiums by roughly $2.23 billion. Applied charge will increase and inflation in insured house substitute prices resulted in a 13.2% enhance in householders insurance coverage common gross written premium in August 2023 in comparison with the prior yr,” 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

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

Ahead-Wanting Statements

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