Allstate Announces Accident Losses for January 2023 and Motor Vehicles

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

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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 underlying forward-looking statements prove to be incorrect or if certain risks or uncertainties arise, actual results could differ materially from those expressed in these forward-looking statements. Factors that could cause actual results to differ from those expressed, or implied, expectations, 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 statements.


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