Allstate said in a press release on February 15, 2024 that its estimated catastrophe losses for January 2024 were $276 million, or $218 million after tax.

8-KRegulation FD DisclosureFiled Feb 15, 2024Period of report Feb 15, 2024Summary published (UTC) Oct 28, 2026

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AI summary

Allstate said in a press release on February 15, 2024 that its estimated catastrophe losses for January 2024 were $276 million, or $218 million after tax.
The company said estimated catastrophe losses for January of $325 million were about 80% from two events, partially offset by favorable reserve reestimates for prior events.
The company said the premium impact of Allstate brand auto insurance rate increases in January was 1.4%, and that they are expected to raise annualized written premiums by about $363 million.
The company said the premium impact of Allstate brand homeowners insurance rate increases in January was 0.3%, with annualized written premiums expected to rise by about $40 million. It said average gross written premium for homeowners insurance rose 12.1% from the prior year.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Allstate estimated January 2024 catastrophe losses at $276 million

Allstate said in a press release on February 15, 2024 that its estimated catastrophe losses for January 2024 were $276 million, or $218 million after tax.

Source · Based on the filing body and exhibits

January catastrophe losses: two events account for about 80%

The company said estimated catastrophe losses for January of $325 million were about 80% from two events, partially offset by favorable reserve reestimates for prior events.

Source · Based on the filing body and exhibits

January auto insurance rate increases add 1.4% to premiums

The company said the premium impact of Allstate brand auto insurance rate increases in January was 1.4%, and that they are expected to raise annualized written premiums by about $363 million.

Source · Based on the filing body and exhibits

Homeowners rate increases and January average premium up 12.1%

The company said the premium impact of Allstate brand homeowners insurance rate increases in January was 0.3%, with annualized written premiums expected to rise by about $40 million. It said average gross written premium for homeowners insurance rose 12.1% from the prior year.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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