NORTHBROOK, Ill., Nov. 19, 2015 /PRNewswire/ -- The Allstate
Corporation (NYSE: ALL) today announced estimated catastrophe
losses for the month of October 2015 of $172 million, pre-tax ($112 million after-tax). Catastrophe losses
occurring in October comprised seven events at an estimated cost of
$142 million, pre-tax, plus increased
reserve reestimates of prior reported catastrophe losses. The
reserve reestimates are primarily due to higher than anticipated
reported claims and severity related to multiple severe weather
events occurring earlier in 2015.
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer, protecting approximately 16
million households from life's uncertainties through auto, home,
life and other insurance offered through its Allstate, Esurance,
Encompass and Answer Financial brand names. Allstate is widely
known through the slogan "You're In Good Hands With
Allstate®." The Allstate brand's network of small
businesses offers auto, home, life and retirement products and
services to customers in the United
States and Canada.
Financial information, including material announcements about
The Allstate Corporation, is routinely posted on
www.allstateinvestors.com.
Forward-Looking Statements
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 speak only 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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SOURCE The Allstate Corporation