NORTHBROOK, Unwell., December 15, 2022 – The Allstate Company (NYSE: ALL) right this moment introduced carried out auto insurance coverage charges for November 2022.
“Allstate continued to implement important auto insurance coverage fee actions in response to inflationary will increase to loss prices. Throughout the month of November, the Allstate model carried out auto fee will increase of 10.2% throughout 13 areas, leading to complete model premium influence of two.9%. Because the starting of the yr, fee will increase for Allstate model auto insurance coverage have resulted in a premium influence of 15.0%, producing will increase of $695 million within the month of November and $3.6 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 beneath the $150 million reporting threshold for November 2022.
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 based mostly 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 comparable meanings. We imagine 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-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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