NORTHBROOK, In poor health., September 15, 2022 – The Allstate Company (NYSE: ALL) at the moment introduced applied auto charges for August 2022.
“Allstate continues to implement vital price actions within the second half of 2022 in response to inflationary will increase to auto insurance coverage severities. In the course of the month of August, the Allstate model applied price will increase of 14.5% throughout 8 areas, leading to complete Allstate model insurance coverage premium affect of three.2%. We’ve applied 72 price will increase averaging roughly 10.3% throughout 51 areas for the reason that starting of the yr. Allstate model applied auto price will increase totaled $777 million within the month of August and $2.5 billion year-to-date,” mentioned Jess Merten, Chief Monetary Officer of The Allstate Company. Our applied auto price exhibit has been posted on allstateinvestors.com.
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 information and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “probably,” “targets” and different phrases with comparable meanings. We imagine 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. Components 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 Change Fee, together with the “Threat Components” part in our most up-to-date annual report on Type 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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