NORTHBROOK, Unwell., April 18, 2024 –The Allstate Company (NYSE: ALL) as we speak introduced estimated disaster losses for the month of March of $328 million or $259 million, after-tax.
March month disaster losses embrace six occasions estimated at $343 million or $271 million, after-tax, with roughly 80% of the losses associated to 1 hail occasion, partially offset by favorable reserve reestimates for prior occasions. Complete disaster losses for the primary quarter have been $731 million, pre-tax.
Price will increase for Allstate model auto insurance coverage resulted in a premium influence of 0.9% for the month of March and a pair of.4% year-to-date. Price will increase for Allstate model owners insurance coverage have resulted in a premium influence of 0.7% for the month of March and three.4% year-to-date. Carried out fee will increase and inflation in insured dwelling substitute prices resulted in a 11.9% enhance in owners insurance coverage common gross written premium in March 2024 in comparison with the prior 12 months. Our carried out fee exhibit for auto and owners insurance coverage has been posted on www.allstateinvestors.com.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Ahead-Trying Statements
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