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): April 18, 2013
THE ALLSTATE CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
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1-11840 ---------------- |
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36-3871531 ----------------- |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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2775 Sanders Road, Northbrook, Illinois 60062
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(Address of Principal Executive Offices) (Zip Code)
Registrants 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 April 18, 2013, the Registrant issued a press release announcing its estimated catastrophe losses for March 2013 and for the first quarter of 2013. A copy of the press release is attached hereto as Exhibit 99 and is incorporated herein by reference. The press release is furnished and not filed pursuant to Instruction B.2 of Form 8-K.
Section 9 Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
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99 |
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Registrants press release dated April 18, 2013. The press release is furnished and not filed, pursuant to Instruction B.2 of Form 8-K. |
SIGNATURES
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.
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THE ALLSTATE CORPORATION | |
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By: |
/s/ Jennifer M. Hager ------------------------------------------------------------ |
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Name: Jennifer M. Hager |
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Title: Vice President, Assistant General Counsel and Assistant Secretary |
Date: April 18, 2013
Exhibit 99
NEWS
FOR IMMEDIATE RELEASE
Contacts: |
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Maryellen Thielen |
Robert Block |
Media Relations |
Investor Relations |
(847) 402-5600 |
(847) 402-2800 |
Allstate Announces March Catastrophe Loss Estimate
NORTHBROOK, Ill., April 18, 2013 - The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of March 2013 of $198 million, pre-tax ($129 million after-tax), and an estimated $359 million, pre-tax ($233 million after-tax), for first quarter 2013. Catastrophe losses occurring in the first quarter comprised nine events at an estimated cost of $391 million, pre-tax, partially offset by favorable reserve reestimates of prior year catastrophe losses. One severe weather event accounted for over half of the estimated loss for the quarter.
The Allstate Corporation (NYSE: ALL) is the nations largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate branded insurance products (auto, home, life and retirement) and services are offered through Allstate agencies, independent agencies, and Allstate exclusive financial representatives, as well as via www.allstate.com and 1-800 Allstate®, and are widely known through the slogan Youre In Good Hands With 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 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 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 catastrophes.
· 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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