2023-04-20 10:41:46 ET
- The Allstate ( NYSE: ALL ) announces March estimated catastrophe losses of $1.17 billion or $927 million, after-tax.
- Catastrophe losses for March events were estimated at $1.26 billion, related to 10 events, with approximately 75% of the losses related to three wind events, partially offset by favorable reserve reestimates for prior events. Catastrophe losses for the first quarter totaled $1.69 billion, pre-tax.
- During the month of March, the Allstate brand implemented auto rate increases of 7.6% across 10 locations, resulting in total brand premium impact of 0.5%.
- ALL is +2.07708% to $118.93
- Source: Press Release
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Allstate announces March catastrophe losses, implements auto rates