NORTHBROOK, Sick., November 17, 2022 – The Allstate Company (NYSE: ALL) at this time introduced applied auto insurance coverage charges for October 2022.
“Allstate continued to implement important auto insurance coverage fee actions within the second half of 2022 in response to inflationary will increase to loss prices. Through the month of October, the Allstate model applied auto fee will increase of 14.0% throughout 15 places, leading to whole model premium impression of 1.3%. Fee will increase for Allstate model auto insurance coverage for the reason that starting of the 12 months have resulted in a premium impression of 12.1%, producing will increase of $307 million within the month of October and $2.9 billion year-to-date,” mentioned Jess Merten, Chief Monetary Officer of The Allstate Company. Our applied auto fee exhibit has been posted on allstateinvestors.com.
Allstate’s estimated disaster losses have been under the $150 million reporting threshold for October 2022.
Monetary data, 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 based mostly on our estimates, assumptions and plans which are 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 info and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “probably,” “targets” and different phrases with related meanings. We consider these statements are based mostly 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 might 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 Change Fee, together with the “Threat Components” part in our most up-to-date annual report on Type 10-Okay. 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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