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): May 15, 2014
THE ALLSTATE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
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1-11840 |
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36-3871531 |
(State or other |
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(Commission |
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(IRS Employer |
jurisdiction of |
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File Number) |
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Identification No.) |
2775 Sanders Road, Northbrook, Illinois 60062
(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 May 15, 2014, the Registrant issued a press release announcing its estimated catastrophe losses for April 2014. 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. Description
99 Registrants press release dated May 15, 2014. 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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(Registrant) | ||
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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 | |
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and Assistant Secretary | |
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Date: May 15, 2014 |
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Exhibit 99
NEWS
FOR IMMEDIATE RELEASE
Contacts:
Maryellen Thielen |
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Pat Macellaro |
Media Relations |
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Investor Relations |
(847) 402-5600 |
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(847) 402-2800 |
Allstate Announces April Catastrophe Loss Estimate
NORTHBROOK, Ill., May 15, 2014 The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of April 2014 of $280 million, pre-tax ($182 million after-tax). Catastrophe losses occurring in April comprised six events at an estimated cost of $250 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses.
The Allstate Corporation (NYSE: ALL) is the nations largest publicly held personal lines insurer, protecting approximately 16 million households from lifes uncertainties through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate is widely known through the slogan Youre In Good Hands With Allstate®. The Allstate brands network of small businesses offers auto, home, life and retirement products and services in the United States and Canada.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
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 may 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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