Allstate publishes February numbers
Allstate publishes February numbers | Insurance Business America
Insurance News
Allstate publishes February numbers
Estimated cat losses below reporting threshold
Insurance News
By
Terry Gangcuangco
Allstate has reported some key statistics for the previous month.
In its update, the insurance giant said: “The Allstate Corporation announced that estimated catastrophe losses were below the $150 million reporting threshold for February 2024.
“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. Rate increases for Allstate brand homeowners insurance have resulted in a premium impact of 2.4% for the month of February and 2.7% year-to-date.
“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.”
In February, Allstate’s board approved a quarterly dividend of $0.92 – a 3.4% increase per share compared to the previous quarter. The company also declared the payment of quarterly preferred dividends.
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Photo: Mike Mozart, licensed under the creative commons 2:0 license.
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