Allstate Announces January 2024 Catastrophe Losses and Implemented Rates

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of January of $276 million or $218 million, after-tax. Estimated January catastrophe losses of $325 million were primarily driven by two events that comprised approximately 80% of the losses, partially offset by favorable reserve reestimates for prior events. “Allstate continues to pursue rate increases as we execute the auto insurance profit improvement plan and keep pace wit ...