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THE ALLSTATE CORPORATION

(ALL)
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Allstate : Announces May 2021 Catastrophe Losses

06/17/2021 | 08:24am EDT

The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of May of $213 million pre-tax, or $168 million, after-tax. Catastrophe losses for April and May totaled $598 million, after-tax.

Catastrophe losses in May comprised seven events at an estimated cost of $193 million plus unfavorable prior period reserve estimates. Two large hail events, primarily impacting Texas, accounted for approximately 60% of May estimated catastrophe losses.

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 are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.


© Business Wire 2021
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Financials (USD)
Sales 2021 41 749 M - -
Net income 2021 1 680 M - -
Net Debt 2021 - - -
P/E ratio 2021 25,6x
Yield 2021 2,42%
Capitalization 38 836 M 38 836 M -
Capi. / Sales 2021 0,93x
Capi. / Sales 2022 0,90x
Nbr of Employees 42 010
Free-Float 33,1%
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Technical analysis trends THE ALLSTATE CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 129,74 $
Average target price 145,00 $
Spread / Average Target 11,8%
EPS Revisions
Managers and Directors
Thomas Joseph Wilson Chairman, President & Chief Executive Officer
Mario Rizzo Chief Financial Officer & Executive Vice President
Judith A. Sprieser Lead Independent Director
Andrea Redmond Independent Director
Kermit R. Crawford Independent Director
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