NORTHBROOK, Unwell., September 15, 2022 – The Allstate Company (NYSE: ALL) right this moment introduced applied auto charges for August 2022.
“Allstate continues to implement important fee actions within the second half of 2022 in response to inflationary will increase to auto insurance coverage severities. Through the month of August, the Allstate model applied fee will increase of 14.5% throughout 8 areas, leading to complete Allstate model insurance coverage premium affect of three.2%. Now we have applied 72 fee will increase averaging roughly 10.3% throughout 51 areas because the starting of the 12 months. Allstate model applied auto fee will increase totaled $777 million within the month of August and $2.5 billion year-to-date,” stated Jess Merten, Chief Monetary Officer of The Allstate Company. Our applied auto fee exhibit has been posted on allstateinvestors.com.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
This information launch comprises “forward-looking statements” that anticipate outcomes based mostly on our estimates, assumptions and plans which are topic to uncertainty. These statements are made topic to the safe-harbor provisions of the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or present details and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “probably,” “targets” and different phrases with comparable meanings. We imagine these statements are based mostly on cheap estimates, assumptions and plans. Nevertheless, if the estimates, assumptions or plans underlying the forward-looking statements show inaccurate or if different dangers or uncertainties come up, precise outcomes may differ materially from these communicated in these forward-looking statements. Elements that would trigger precise outcomes to vary materially from these expressed in, or implied by, the forward-looking statements could also be present in our filings with the U.S. Securities and Alternate Fee, together with the “Danger Elements” part in our most up-to-date annual report on Type 10-Ok. Ahead-looking statements are as of the date on which they’re made, and we assume no obligation to replace or revise any forward-looking assertion.
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