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.
