21.03.2024 13:55:22 - dpa-AFX: Allstate Reports Feb. Catastrophe Losses
NORTHFIELD TOWNSHIP (dpa-AFX) - The Allstate Corporation (ALL) reported that
estimated catastrophe losses were below the
$150 million reporting threshold for February 2024. The company said rate
increases for Allstate brand auto insurance resulted in a premium impact of 0.1%
for the month of February and 1.5% year-to-date.
The Allstate Corporation stated that the implemented rate increases and
inflation in insured home replacement costs resulted in a 12.4% increase in
homeowners insurance average gross written premium in February 2024 compared to
the prior year.
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