NORTHBROOK, Ill., April 20, 2017 /PRNewswire/ -- The Allstate
Corporation (NYSE: ALL) today announced estimated catastrophe
losses for the month of March 2017 of
$516 million, pre-tax ($335 million after-tax), and an estimated
$781 million, pre-tax ($508 million after-tax), for first quarter 2017.
Catastrophe losses occurring in the first quarter of 2017 comprised
28 events at an estimated cost of $777
million, pre-tax, plus unfavorable reserve reestimates of
prior reported catastrophe losses. One severe hail event, primarily
affecting the state of Texas in
March, accounted for over one-third of the catastrophe losses for
the quarter.
Allstate expects to file a current report on Form 8-K with the
Securities and Exchange Commission announcing first quarter 2017
results at or after 4:15 p.m. ET on
Tuesday, May 2.
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. Its growth platforms
include predictive analytics company Arity and consumer-product
protection company SquareTrade. Allstate is widely known
through the slogan "You're In Good Hands With
Allstate®." Allstate agencies are in virtually every
local community in America.
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