NORTHBROOK, Sick., December 14, 2023 – The Allstate Company (NYSE: ALL) as we speak introduced carried out auto and householders insurance coverage charges for November 2023.
“Allstate continued to make progress on our complete plan to enhance profitability. For the reason that starting of the 12 months, charge will increase for Allstate model auto insurance coverage have resulted in a premium impression of 11.4%, that are anticipated to boost annualized written premiums by roughly $2.97 billion, and charge will increase for Allstate model householders insurance coverage have resulted in a premium impression of 10.1%, that are anticipated to boost annualized written premiums by roughly $1.03 billion. Carried out charge will increase and inflation in insured house alternative prices resulted in a 12.6% improve in householders insurance coverage common gross written premium in November 2023 in comparison with the prior 12 months,” stated Jess Merten, Chief Monetary Officer of The Allstate Company. “As well as, we just lately acquired approval from Departments of Insurance coverage in California, New York and New Jersey for Allstate model auto insurance coverage charge will increase of 30.0%, 14.6% and 20.0%, respectively, as we work with the regulators to allow us to give protection to prospects. We anticipate to implement these charges in December with efficient dates by February 2024. The charges are anticipated to boost annualized written premiums by roughly $1 billion.” Our carried out charge exhibit for auto and householders insurance coverage has been posted on www.allstateinvestors.com.
Allstate’s estimated disaster losses have been beneath the $150 million reporting threshold for November 2023.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Ahead-Trying Statements
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