Allstate Announces Accident Losses for February 2023 and Fixed-Term Vehicles

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

Financial information, including announcements about The Allstate Corporation, is posted regularly at

Forward-Looking Comments
This article contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are uncertain. These forward-looking statements are made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not necessarily historical or current and may be identified by the use of words such as “plans,” “intends,” “expects,” “will,” “should.” ,” “expects,” “estimates,” “intends,” “believes,” “may,” “intends” and other words with similar meanings. We believe these words are based on reasonable estimates, assumptions and plans. However, as estimates, assumptions or plans that follow the forward-looking statements prove to be incorrect or if certain risks or uncertainties arise, actual results may differ materially from those described in these forward-looking statements. can be found in our filings with the US Securities and Exchange Commission, including the “Risk Factors” section of our most recent annual report. on Form 10-K. Forward-looking statements are made as of the date they are made, and we assume no obligation to update or revise any forward-looking statement.


Post Comments: 633

Leave a Comment