NORTHBROOK, Ailing., April 17, 2025 – The Allstate Company (NYSE: ALL) immediately introduced estimated disaster losses for the month of March of $1.04 billion or $818 million, after-tax. Disaster losses for March embody 11 occasions with roughly 80% of the losses associated to 4 geographically widespread wind and hail occasions. In March, Allstate surpassed the retention stage of the annual combination reinsurance cowl for the annual threat interval ending March 31, 2025, with anticipated recoveries of roughly $123 million, decreasing March disaster losses. Whole disaster losses for the primary quarter of 2025 had been $2.20 billion or $1.74 billion, after-tax.
Allstate Safety insurance policies in pressure are as follows:
Allstate Safety Insurance policies in Pressure*
| in hundreds | March 31, 2025 | February 28, 2025 | March 31, 2024 | Mar. 31 2025 v Feb. 28, 2025 | Mar. 31, 2025 v Mar. 31, 2024 |
|---|---|---|---|---|---|
| Auto | 25,100 | 24,894 | 25,207 | 0.8 % | (0.4) % |
| Owners | 7,549 | 7,537 | 7,364 | 0.2 % | 2.5 % |
| Different private traces | 4,874 | 4,873 | 4,849 | — % | 0.5 % |
| Industrial traces | 189 | 196 | 273 | (3.6) % | (30.8) % |
| Whole | 37,712 | 37,500 | 37,693 | 0.6 % | 0.1 % |
*Coverage counts are primarily based on objects relatively than clients. A multi-car buyer would generate a number of merchandise (coverage) counts, even when all vehicles had been insured underneath one coverage. Lender-placed insurance policies are excluded from coverage counts as a result of relationships are with the lenders.
Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
This information launch accommodates “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 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,” “seemingly,” “targets” and different phrases with related meanings. We imagine these statements are primarily based on affordable 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 may 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 Alternate Fee, together with the “Danger Elements” part in our most up-to-date annual report on Kind 10-Okay. 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.
####
Submit Views: 147
