Allstate Announces October 2018 Catastrophe Loss Estimate
November 15 2018 - 8:24AM
Business Wire
The Allstate Corporation (NYSE: ALL) today announced estimated
catastrophe losses for the month of October 2018 of $202 million,
pre-tax ($160 million, after-tax). Catastrophe losses occurring in
October comprised 8 events at an estimated cost of $174 million,
pre-tax, plus unfavorable reserve reestimates of prior reported
catastrophe losses. Hurricane Michael, which made landfall on
October 10, 2018, accounted for $136 million, pre-tax, or 78% of
October event catastrophe losses.
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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Greg BurnsMedia Relations(847) 402-5600John GriekInvestor
Relations(847) 402-2800
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