Allstate Announces February 2024 Catastrophe Losses and Implemented Rates
Allstate Corporation (The) (ALL)
Last allstate corporation (the) earnings: 2/4 06:08 pm
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US:NYSE Investor Relations:
allstateinvestors.com
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Source: Business Wire
NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced that estimated catastrophe losses were below the $150 million reporting threshold for February 2024.Rate increases for Allstate brand auto insurance resulted in a premium impact of 0.1% for the month of February and 1.5% year-to-date. Rate increases for Allstate brand homeowners insurance have resulted in a premium impact of 2.4% for the month of February and 2.7% year-to-date. Implemented rate increases and inflation in insured home replacement costs resulted in a 12.4% increase in homeowners insurance average gross written premium in February 2024 compared to the prior year. Our implemented rate exhibit for auto and homeowners insurance has been posted on www.allstateinvestors.com.Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.Forward-Looking StatementsThis news release contains “forward-looking statemen
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