NORTHBROOK, Sick., September 16, 2021 – The Allstate Company (NYSE: ALL) immediately introduced estimated disaster losses for the month of August of $876 million or $692 million, after-tax. Disaster losses for July and August totaled $1.1 billion, pre-tax.
Disaster losses in August comprised 11 occasions at an estimated value of $843 million plus unfavorable prior interval reserve reestimates. Hurricane Ida impacted 19 states with nearly all of losses occurring in Louisiana, leading to gross losses of roughly $1.4 billion. Web losses are estimated at $631 million, pre-tax ($498 million, after-tax), reflecting anticipated reinsurance recoveries beneath our Nationwide Extra Disaster Reinsurance Program, partially offset by reinstatement premiums.
Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
This information launch accommodates “forward-looking statements” that anticipate outcomes based mostly on our estimates, assumptions and plans which might be 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 info and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “possible,” “targets” and different phrases with related meanings. We consider these statements are based mostly on affordable 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. Components that might 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 Components” part in our most up-to-date annual report on Kind 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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