Allstate announces April 2024 catastrophe losses totaling $494 million

Banking & Financial Services

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The Allstate Corporation (NYSE: ALL) has disclosed its estimated catastrophe losses for April 2024, amounting to $494 million before tax and $390 million after tax. The losses are said to encompass 11 events, estimated at $491 million, with roughly 80% of the losses attributed to four wind, hail or tornadic events.

The company routinely posts financial information, including significant announcements about The Allstate Corporation, on www.allstateinvestors.com.

This news release contains "forward-looking statements" that anticipate results based on estimates, assumptions and plans subject to uncertainty. These statements are made under the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements do not strictly pertain 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.

The company believes these statements are based on reasonable estimates, assumptions and plans. However, if these underlying factors prove inaccurate or if other risks or uncertainties arise, actual results could significantly differ 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 the company's filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section in its most recent annual report on Form 10-K.

Forward-looking statements are as of the date they are made, and The Allstate Corporation assumes no obligation to update or revise any forward-looking statement.

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