NORTHBROOK, Unwell., November 16, 2023 – The Allstate Company (NYSE: ALL) immediately introduced applied auto and householders insurance coverage charges for October 2023.
“Allstate continued to implement vital auto and householders insurance coverage fee actions as a part of our complete plan to enhance profitability. Because the starting of the yr, fee will increase for Allstate model auto insurance coverage have resulted in a premium affect of 10.4%, that are anticipated to lift annualized written premiums by roughly $2.70 billion, and fee will increase for Allstate model householders insurance coverage have resulted in a premium affect of 9.6%, that are anticipated to lift annualized written premiums by roughly $982 million. Applied fee will increase and inflation in insured dwelling alternative prices resulted in a 12.2% enhance in householders insurance coverage common gross written premium in October 2023 in comparison with the prior yr,” stated Jess Merten, Chief Monetary Officer of The Allstate Company. Our applied fee exhibit for auto and householders insurance coverage has been posted on https://ift.tt/vK9GPQB.
Allstate’s estimated disaster losses had been under the $150 million reporting threshold for October 2023.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on https://ift.tt/vK9GPQB.
Ahead-Trying Statements
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