NORTHBROOK, Ill., April 20, 2017 /PRNewswire/ -- The
Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of March
2017 of $516 million, pre-tax ($335 million after-tax), and an
estimated $781 million, pre-tax ($508 million after-tax), for first
quarter 2017. Catastrophe losses occurring in the first quarter of 2017 comprised 28 events at an estimated cost of $777 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. One severe
hail event, primarily affecting the state of Texas in March, accounted for over one-third of the
catastrophe losses for the quarter.
Allstate expects to file a current report on Form 8-K with the Securities and Exchange Commission announcing first quarter
2017 results at or after 4:15 p.m. ET on Tuesday, May 2.
The Allstate Corporation (NYSE: ALL) is the
nation's largest publicly held personal lines insurer, protecting approximately 16 million households from life's uncertainties
through auto, home, life and other
insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand
names. Its growth platforms include predictive analytics company Arity and consumer-product protection company SquareTrade. Allstate is widely known through the slogan "You're In Good Hands With Allstate®." Allstate agencies are in virtually
every local community in America.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
Forward-Looking Statements
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 speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking
statement.
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SOURCE The Allstate Corporation