NORTHBROOK, Unwell., November 17, 2022 – The Allstate Company (NYSE: ALL) right now introduced carried out auto insurance coverage charges for October 2022.
“Allstate continued to implement vital auto insurance coverage fee actions within the second half of 2022 in response to inflationary will increase to loss prices. In the course of the month of October, the Allstate model carried out auto fee will increase of 14.0% throughout 15 places, leading to complete model premium influence of 1.3%. Fee will increase for Allstate model auto insurance coverage because the starting of the yr have resulted in a premium influence of 12.1%, producing will increase of $307 million within the month of October and $2.9 billion year-to-date,” stated 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 had been under the $150 million reporting threshold for October 2022.
Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Ahead-Wanting Statements
This information launch incorporates “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 information 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 related meanings. We consider these statements are primarily based on affordable estimates, assumptions and plans. Nevertheless, 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 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 Change Fee, together with the “Threat Elements” part in our most up-to-date annual report on Type 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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