Allstate Announces October 2020 Catastrophe Losses
NORTHBROOK, Ill.--(BUSINESS WIRE)--Nov 19, 2020--
The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of October of $345 million, pre-tax ($273 million, after-tax).
Catastrophe losses in October comprised 10 events at an estimated cost of $324 million, pre-tax ($256 million, after-tax), plus increased estimated catastrophe losses for prior quarter events. Estimated catastrophe losses for the month include the impacts of Hurricane Zeta and Hurricane Delta, which accounted for approximately 85% of current month losses.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “targets” and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” section in our most recent annual report on Form 10-K. Forward-looking statements are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.
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CONTACT: Greg Burns
(847) 402-5600Mark Nogal
KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: INSURANCE PROFESSIONAL SERVICES
SOURCE: The Allstate Corporation
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PUB: 11/19/2020 08:24 AM/DISC: 11/19/2020 08:24 AM