Allstate Announces Catastrophe Losses and Fees Implemented in February 2024

NORTHBROOK, Ill., March 21, 2024 – Allstate Corporation (NYSE: ALL) today 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% so far this year. Rate increases for Allstate brand homeowners insurance have resulted in a premium impact of 2.4% for the month of February and 2.7% so far this year. Implemented rate increases and inflation in insured home replacement costs resulted in a 12.4% increase in the average gross written premium for homeowners insurance in February 2024 compared to the prior year. Our Implemented Rate Addendum for Auto and Homeowners Insurance was posted at www.allstateinvestors.com.

Financial information, including important announcements about The Allstate Corporation, is regularly posted at www.allstateinvestors.com.

Forward-looking statements

This press release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are 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 can be identified by the use of words such as “plans,” “seeks.” , “expects”, “should”, “anticipates”, “estimates”, “intends”, “believes”, “likely”, “targets” and other words with similar meanings. We believe that these statements are based on estimates, assumptions and reasonable plans. However, if 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 results actual events differ materially from those expressed or implied by the forward-looking statements can 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 as of the date they are made and we undertake no obligation to update or revise any forward-looking statements.

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