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Allstate Announces June and Second Quarter 2017 Catastrophe Loss Estimate

Allstate Announces June and Second Quarter 2017 Catastrophe Loss Estimate

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NORTHBROOK, Ill., July 20, 2017 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of June 2017 of $355 million, pre-tax ($230 million after-tax). Catastrophe losses occurring in June comprised 17 events at an estimated cost of $310 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Allstate previously announced $638 million, pre-tax ($415 million after-tax), in estimated catastrophe losses for the months of April and May 2017, bringing estimated catastrophe losses for the second quarter 2017 to $993 million, pre-tax ($645 million after-tax).

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®.” Allstate agencies are in virtually every local community in America.

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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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