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Allstate Pronounces October 2024 Disaster Losses

whysavetoday by whysavetoday
November 22, 2024
in Insurance
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Allstate Pronounces October 2024 Disaster Losses
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NORTHBROOK, Ailing., November 21, 2024 – The Allstate Company (NYSE: ALL) immediately 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. Complete disaster losses for October year-to-date have been $4.84 billion or $3.82 billion, after-tax.

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

Ahead-Wanting Statements
This information launch accommodates “forward-looking statements” that anticipate outcomes based mostly on our estimates, assumptions and plans which might be topic to uncertainty. These statements are made topic to the safe-harbor provisions of the Personal 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,” “possible,” “targets” and different phrases with related meanings. We consider these statements are based mostly on affordable estimates, assumptions and plans. Nonetheless, 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 might 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 Change 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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Tags: AllstateAnnouncesCatastropheLossesOctober
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