NORTHBROOK, Ill., February 16, 2023 – The Allstate Corporation (NYSE: ALL) today announced an accidental loss for the month of January of $307 million or $243 million, after tax.
The damage caused by the events of January was estimated at $ 309 million, related to nine events mainly in Texas and California, which was partially resolved by the appropriate calculation of the previous events.
“Allstate continued to operate a large auto insurance business in response to price increases. In January, Allstate’s brand increased vehicle volume by 9.9% in 13 locations, resulting in an overall 0.7% increase in annual written revenue of approximately $182 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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