Friday, November 22, 2024

Allstate Pronounces October 2024 Disaster Losses

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NORTHBROOK, In poor health., November 21, 2024 – The Allstate Company (NYSE: ALL) in the present day introduced estimated disaster losses for the month of October of $286 million or $226 million, after-tax, together with $102 million, pre-tax, from Hurricane Milton and unfavorable reserve reestimates of $144 million, pre-tax, associated to Hurricane Helene, primarily in Georgia, South Carolina and North Carolina. Whole disaster losses for October year-to-date have been $4.84 billion or $3.82 billion, after-tax.

Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.

Ahead-Trying Statements
This information launch incorporates “forward-looking statements” that anticipate outcomes primarily based on our estimates, assumptions and plans which are topic to uncertainty. These statements are made topic to the safe-harbor provisions of the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or present details and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “seemingly,” “targets” and different phrases with comparable meanings. We consider these statements are primarily based on cheap estimates, assumptions and plans. Nevertheless, if the estimates, assumptions or plans underlying the forward-looking statements show inaccurate or if different dangers or uncertainties come up, precise outcomes might differ materially from these communicated in these forward-looking statements. Elements that would trigger precise outcomes to vary materially from these expressed in, or implied by, the forward-looking statements could also be present in our filings with the U.S. Securities and Alternate Fee, together with the “Danger Elements” part in our most up-to-date annual report on Kind 10-Ok. Ahead-looking statements are as of the date on which they’re made, and we assume no obligation to replace or revise any forward-looking assertion.

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