NORTHBROOK, Ill., March 16, 2023 – The Allstate Corporation (NYSE: ALL) today announced a net loss for the month of February of $211 million or $167 million, after tax.
Damages in February were $241 million, related to nine widespread wind and rain events, partially offset by a fair estimate of the area’s past occurrences. The net loss for January and February totaled $518 million, before tax.
“Allstate continued to use large auto insurance in response to price increases. In February, the Allstate brand increased vehicle volume by 7.6% in 10 locations, resulting in an overall 0.5% increase in annual written revenue of approximately $127 million ,” said Jess Merten, Chief Financial Officer. Company Profile The Allstate Corporation. Our auto show results are posted on allstateinvestors.com.
Financial information, including announcements about The Allstate Corporation, is posted regularly at www.allstateinvestors.com.
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