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 19, 2014

 

THE ALLSTATE CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-11840

 

36-3871531

(State or other

 

(Commission

 

(IRS Employer

jurisdiction of

 

File Number)

 

Identification No.)

incorporation)

 

 

 

 

 

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:

 

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

 

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

 

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

 

o                      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 19, 2014, the Registrant issued a press release announcing its estimated catastrophe losses for May 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

 

Registrant’s press release dated June 19, 2014.   The press release is furnished and not filed, pursuant to Instruction B.2 of Form 8-K.

 

2



 

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.

 

 

 

THE ALLSTATE CORPORATION

 

(Registrant)

 

 

 

 

 

By:

/s/ Jennifer M. Hager

 

Name:

Jennifer M. Hager

 

Title:

Vice President, Assistant General Counsel and Assistant Secretary

 

 

 

 

 

 

Date: June 19, 2014

 

 

 

3


Exhibit 99

 

GRAPHIC

 

NEWS

 

FOR IMMEDIATE RELEASE

 

Contacts:

 

Maryellen Thielen

Pat Macellaro

Media Relations

Investor Relations

(847) 402-5600

(847) 402-2800

 

Allstate Announces May Catastrophe Loss Estimate

 

NORTHBROOK, Ill., June 19, 2014 — The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of May 2014 of $440 million, pre-tax ($286 million after-tax).  Catastrophe losses occurring in May comprised eleven events at an estimated cost of $400 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses.  Three severe weather events accounted for over 78% of the estimated catastrophe losses for May events.

 

Allstate previously announced $280 million, pre-tax ($182 million after-tax), in estimated catastrophe losses for the month of April 2014, bringing estimated catastrophe losses for the second quarter months of April and May 2014 to $720 million, pre-tax ($468 million after-tax).

 

Last year, Allstate announced estimated May catastrophe losses of $323 million, pre-tax ($210 million after-tax), and catastrophe losses totaling $539 million, pre-tax ($350 million after-tax) for April and May 2013.

 

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, protecting approximately 16 million households from life’s uncertainties through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate is widely known through the slogan “You’re In Good Hands With Allstate®.” The Allstate brand’s network of small businesses offers auto, home, life and retirement products and services to customers 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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