Allstate Feb 2024 cat losses below $150M; auto and home rate increases continue

ALLSTATE CORP

Estimated catastrophe losses for February 2024 were below the $150 million reporting threshold.
Allstate brand auto rate increases: 0.1% premium impact in Feb, 1.5% year-to-date.
Allstate brand homeowners rate increases: 2.4% premium impact in Feb, 2.7% year-to-date.
Homeowners avg gross written premium rose 12.4% YoY in Feb, driven by rate hikes and inflation.
National General auto: 9 locations (2.0% brand impact) in Feb; homeowners: 1 location (0.1%).

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