NORTHBROOK, Ill., Aug. 17, 2017 /PRNewswire/ -- The Allstate
Corporation (NYSE: ALL) today announced estimated catastrophe
losses for the month of July 2017 of
$181 million, pre-tax ($118 million after-tax). Catastrophe losses
occurring in July comprised 13 events at an estimated cost of
$151 million, pre-tax, plus
unfavorable reserve reestimates of prior reported catastrophe
losses. Two severe wind, hail and rain events, primarily
impacting the Midwestern part of the country, accounted for
over 60% of the catastrophe losses for July. The increased
reserve reestimates in the month of July primarily relate to
reestimates of second quarter 2017 events.
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer, protecting people from life's
uncertainties with 75 million proprietary policies. Allstate offers
a broad array of protection products through multiple brands and
diverse distribution channels, including auto, home, life and other
insurance offered through its Allstate, Esurance, Encompass and
Answer Financial brands. The Company provides additional protection
products and services through Allstate Benefits, Allstate Roadside
Services, Allstate Dealer Services, Arity and SquareTrade. Allstate
is widely known from the slogan "You're In Good Hands With
Allstate®." Allstate agencies are in virtually every
local community in America. The Allstate Foundation, Allstate, its
employees and agency owners have a proud history of caring for
local communities.
Financial information, including material announcements about
The Allstate Corporation, is routinely posted on
www.allstateinvestors.com.
Forward-Looking Statements
This news release contains "forward-looking statements" that
anticipate results based on our estimates, assumptions and plans
that are subject to uncertainty. These statements are made
subject to the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking
statements do not relate strictly to historical or current facts
and may be identified by their use of words like "plans," "seeks,"
"expects," "will," "should," "anticipates," "estimates," "intends,"
"believes," "likely," "targets" and other words with similar
meanings. We believe these statements are based on reasonable
estimates, assumptions and plans. However, if the estimates,
assumptions or plans underlying the forward-looking statements
prove inaccurate or if other risks or uncertainties arise, actual
results could differ materially from those communicated in these
forward-looking statements. Factors that could cause actual
results to differ materially from those expressed in, or implied
by, the forward-looking statements may be found in our filings
with the U.S. Securities and Exchange Commission, including the
"Risk Factors" section in our most recent Annual Report on Form
10-K. Forward-looking statements speak only as of the date on which
they are made, and we assume no obligation to update or revise any
forward-looking statement.
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SOURCE The Allstate Corporation