UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

Date of report (Date of earliest event reported): June 16, 2011

 

 

THE ALLSTATE CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

---------------

(State or Other Jurisdiction of Incorporation)

 

 

 

1-11840

36-3871531

 

 

--------------

---------------

 

 

(Commission File Number)

(IRS Employer Identification No.)

 

 

 

2775 Sanders Road, Northbrook, Illinois     60062

--------------------------------------------------------------------------------

(Address of Principal Executive Offices)   (Zip Code)

 

 

Registrant’s   telephone   number,   including  area  code: (847) 402-5000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[   ]                          Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[   ]                          Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[   ]                          Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[   ]                          Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



 

Section 7 – Regulation FD

 

Item 7.01  Regulation FD Disclosure

 

On June 16, 2011, the Registrant issued a press release announcing its estimated catastrophe losses for May 2011. A copy of the press release is furnished as Exhibit 99 to this report.

 

 

Section 9 – Financial Statements and Exhibits

 

Item 9.01.                             Financial Statements and Exhibits.

 

(d)                              Exhibits

 

Exhibit No.

 

Description

 

 

 

99

 

Registrant’s press release dated June 16, 2011

 

2



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

THE ALLSTATE CORPORATION

 

 

 

 

 

 

 

By:

/s/ Jennifer M. Hager

 

 

----------------------------------------

 

 

Name:

Jennifer M. Hager

 

 

Title:

Vice President,

 

 

Assistant General Counsel,

 

 

and Assistant Secretary

 

 

 

 

 

 

 

 

Date: June 16, 2011

 

 

3


Exhibit 99

 

 

NEWS

FOR IMMEDIATE RELEASE

 

Contacts:

 

Paul Marrone, Maryellen Thielen

Robert Block, Christine Ieuter

Media Relations

Investor Relations

(847) 402-5600

(847) 402-2800

 

 

Allstate Announces May Catastrophe Loss Estimate

 

NORTHBROOK, Ill., June 16, 2011 – The Allstate Corporation (NYSE: ALL) today announced $0.6 billion, pre-tax, in estimated catastrophe losses for the month of May 2011.  May catastrophe losses comprised 7 events.

 

Allstate previously announced $1.4 billion in estimated pre-tax catastrophe losses for the month of April 2011, bringing estimated catastrophe losses for the second quarter months of April and May 2011 to $2.0 billion, pre-tax.

 

This announcement is made as part of Allstate’s previously announced plan to release month and quarter-to-date catastrophe losses when a monthly estimate exceeds $150 million.

 

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer known for its “You’re In Good Hands With Allstate®” slogan.  Now celebrating its 80th anniversary as an insurer, Allstate is reinventing protection and retirement to help nearly 16 million households insure what they have today and better prepare for tomorrow.  Consumers access Allstate insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 Allstate®.

 

Forward-Looking Statements and Risk Factors

This news release contains forward-looking statements about catastrophe losses.  These statements are based on our estimates and assumptions that are subject to uncertainty.  These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.  Management believes the estimated impact of the April and May catastrophe losses, including net loss reserves, are appropriately established and recorded based on available facts, information, laws and regulations.  However, actual results may differ materially from those projected in the forward-looking statements in this news release and from the amounts currently recorded for a variety of reasons, including in the following:

·                  Our policyholders’ ability to report and our ability to adjust claims have been impeded by the extent of the devastation and the number of areas affected.

·                  It is particularly difficult to assess the extent of damage in the initial stages of adjusting residential property losses.

·                  Our estimate for the ultimate costs of repairs may not prove to be correct because of increased demand for services and supplies in the areas affected by the tornadoes.

·                  The number of incurred but not reported (IBNR) claims may be greater or less than currently anticipated.

 

We assume no obligation to update any forward-looking statements as a result of new information or future events or developments.

 

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