NORTHBROOK, Ill., September 15, 2022--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced implemented auto rates for August 2022.
"Allstate continues to implement significant rate actions in the second half of 2022 in response to inflationary increases to auto insurance severities. During the month of August, the Allstate brand implemented rate increases of 14.5% across 8 locations, resulting in total Allstate brand insurance premium impact of 3.2%. We have implemented 72 rate increases averaging approximately 10.3% across 51 locations since the beginning of the year. Allstate brand implemented auto rate increases totaled $777 million in the month of August and $2.5 billion year-to-date," said Jess Merten, Chief Financial Officer of The Allstate Corporation. Our implemented auto rate exhibit has been posted on allstateinvestors.com.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
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