Form 8-K ALLSTATE CORP For: Jan 20
- S&P 500, Nasdaq retreat despite signs of slowing inflation
- Disney (DIS) Stock Gains on Disney+ Beat and Raised Prices, Earns Upgrade to Buy
- Sonos Plunges as Weak Demand Prompts Outlook Cut, Analyst Seeks to See More Stabilization in Business
- AppLovin (APP) Shares Drop After Earnings Miss, Analyst Sees Growing Risks
- Bumble (BMBL) Falls on Slashed Revenue Guidance, Q2 Results Seen as 'Solid'
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
FOR IMMEDIATE RELEASE
|Al Scott||Mark Nogal|
|Media Relations||Investor Relations|
|(847) 402-5600||(847) 402-2800|
Allstate Announces December 2021 and Fourth Quarter 2021 Catastrophe Losses
NORTHBROOK, Ill., January 20, 2022 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of December of $411 million or $325 million, after-tax. Catastrophe losses for the fourth quarter totaled $528 million, pre-tax.
Catastrophe losses for December events were estimated at $381 million, plus unfavorable reserve reestimates. Colorado’s Marshall Fire and December tornados accounted for 78% of December estimated catastrophe losses, with losses for the Marshall Fire estimated at $218 million.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
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 are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.
# # # #
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Allstate (ALL) PT Lowered to $139 at Goldman Sachs
- New College Institute Declares Intention to Open Lab School
- Photo Release -- Philadelphia Union and WSFS Bank Announce Multi-Year Partnership
Create E-mail Alert Related CategoriesSEC Filings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!