Allstate Announces Auto Rates Implemented August 2022 – Form 8-K – InsuranceNewsNet


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Allstate Announcement August 2022 Implemented Automatic rates

NORTHBROOK, Ill., September 15, 2022The Allstate Company (NYSE: ALL) today announced the implementation of automatic pricing for August 2022.

“Allstate continues to implement significant rate actions in the second half of 2022 in response to inflationary increases in auto insurance severities. During the month of August, the Allstate brand implemented rate increases of 14.5% at 8 locations, resulting in a total Allstate brand insurance premium impact of 3.2% We implemented 72 rate increases averaging approximately 10.3% at 51 locations year-to-date Automatic rate increases implemented by the Allstate brand totaled $777 million in August and $2.5 billion since the beginning of the year,” said Jess Mertenfinancial director of The Allstate Company. Our exposure on automatic tariffs implemented has been published on allstateinvestors.com.
Financial information, including important announcements regarding The Allstate Companyis regularly published on www.allstateinvestors.com.

Forward-looking statements

This press release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are 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 can be identified by the use of words such as “plans”, “seeks”, “expects”, “will”, “should”, “anticipates”, “estimates”, “intends”, “believes”, “probably”, “targets” and others 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 to be 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 or implied by the forward-looking statements can be found in our filings with the US Securities and Exchange Commissionincluding the “Risk Factors” section of our most recent Annual Report on Form 10-K.Before– Forward-looking statements are as of the date they are made, and we undertake no obligation to update or revise any forward-looking statement.

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Disclaimer

The Allstate Company published this content on September 15, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on September 15, 2022 12:05:47 UTC.

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