Allstate reports Q1 2024 catastrophe losses of $731M; March cat losses $328M

ALLSTATE CORP

March catastrophe losses $328M pre-tax ($259M after-tax) from six events; ~80% from one hail event.
Q1 2024 total catastrophe losses $731M pre-tax.
Allstate brand auto rate increases: 0.9% premium impact in March, 2.4% YTD.
Allstate brand homeowners rate increases: 0.7% March, 3.4% YTD; avg gross written premium up 11.9% YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ALLSTATE CORP reported preliminary financial results for March and first quarter 2024.

Period: March and first quarter 2024
Result: preliminary results

Exact text from the filing

The Registrant’s press release dated April 18, 2024, announcing estimated catastrophe losses for March and first quarter 2024, implemented rates, and the Registrant’s implemented rate exhibit for March 2024

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Source: SEC EDGAR

accession 0000899051-24-000018

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