Allstate Announces August 2018 Catastrophe Loss Estimate
September 20 2018 - 8:31AM
Business Wire
The Allstate Corporation (NYSE: ALL) today announced estimated
catastrophe losses for the month of August 2018 of $186 million,
pre-tax ($147 million after-tax). Catastrophe losses occurring in
August comprised 16 events at an estimated cost of $137 million,
pre-tax, plus unfavorable reserve reestimates of prior reported
catastrophe losses. One hail event, primarily impacting Colorado,
accounted for approximately 35% of August event catastrophe losses.
Allstate previously announced $262 million, pre-tax ($207 million
after-tax), in estimated catastrophe losses for the month of July
2018, bringing catastrophe losses for the months of July and August
2018 to $448 million, pre-tax ($354 million after-tax). Catastrophe
loss estimates do not include Hurricane Florence which made
landfall on September 14, 2018.
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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