Allstate Announces February 2023 Catastrophe Losses and Implemented Auto Rates

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Al Scott
Investor Relations
(847) 402-5600

Mark Nogal
Investor Relations
(847) 402-2800

NORTHBROOK, Ill., March 16, 2023 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of February of $211 million or $167 million, after-tax.

Catastrophe losses for February events were estimated at $241 million, related to nine events primarily from wind and rain that were geographically widespread, partially offset by favorable reserve reestimates for prior events. Catastrophe losses for January and February totaled $518 million, pre-tax.

“Allstate continued to implement significant auto insurance rate actions in response to inflationary increases to loss costs. During the month of February, the Allstate brand implemented auto rate increases of 7.6% across 10 locations, resulting in total brand premium impact of 0.5% which are expected to raise annualized written premiums by approximately $127 million,” said Jess Merten, Chief Financial Officer of The Allstate Corporation. Our implemented auto rate exhibit has been posted on

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Forward-Looking Statements
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