Allstate Announces March and First Quarter 2018 Catastrophe Loss Estimate
April 19 2018 - 8:35AM
Business Wire
The Allstate Corporation (NYSE: ALL) today announced estimated
catastrophe losses for the month of March 2018 of $222 million,
pre-tax ($175 million after-tax), and an estimated $361 million,
pre-tax ($285 million after-tax), for first quarter 2018.
Catastrophe losses occurring in the first quarter of 2018 comprised
11 events at an estimated cost of $357 million, pre-tax, plus
unfavorable reserve reestimates of prior reported catastrophe
losses. One wind-driven event, primarily affecting Mid-Atlantic and
Northeast states, accounted for over 55% of the catastrophe losses
for the month of March.
The Allstate Corporation (NYSE: ALL) is the nation’s largest
publicly held personal lines insurer, protecting people from life’s
uncertainties with 82 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 are 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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The Allstate CorporationGreg BurnsMedia Relations(847)
402-5600orJohn GriekInvestor Relations(847) 402-2800
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