Allstate : Reinsurance Update

August 05, 2020 at 02:12 am IST

Catastrophe Reinsurance Program

Effective June 1, 2020 to May 31, 2021

Northbrook, IL, August 4, 2020 - In the second quarter of 2020, we completed the placement of our 2020 catastrophe reinsurance program(1) that provides reinsurance protection to the Allstate Protection businesses of The Allstate Corporation (NYSE: ALL).

The catastrophe reinsurance program is part of our catastrophe management strategy, which is intended to provide our shareholders with an acceptable return on the risks assumed in our personal lines business, reduce earnings variability, and provide protection to our customers. Our 2020 reinsurance program continues to support our risk tolerance framework that targets less than a 1% likelihood of annual aggregate catastrophe losses from hurricanes and earthquakes, net of reinsurance, exceeding $2 billion, based on modeled assumptions and applications currently used.

Allstate's catastrophe reinsurance program materially reduces our exposure to wind and earthquake losses. Except for certain contracts, which reinsure specific perils, our 2020 program addresses these exposures by including coverage in our agreements for multiple perils, in addition to hurricanes and earthquakes. We employ a multi-year approach to placing reinsurance coverage to lessen the amount of reinsurance being placed in the market in any one year. Claim adjustment fees are indemnified as a percentage of ultimate net loss and are included within each contract's reinsurance limit.

The reinsurance agreements have been placed in the traditional reinsurance and insurance linked securities ("ILS") markets. In doing so, we consider a number of factors including coverage, cost, terms, and the period of protection. All reinsurers participating on our program have an A.M. Best insurance financial strength rating of A- or better, except one, that is not rated by A.M. Best. Additionally, all reinsurance agreements placed in the ILS markets are collateralized.

The total cost of our catastrophe reinsurance was $99 million and $105 million in the first and second quarters of 2020, respectively, compared to $88 million and $100 million in the first and second quarters of 2019, respectively. The total cost of our catastrophe reinsurance program during 2019 was $385 million.

The following pages summarize our June 1, 2020 to May 31, 2021 reinsurance program which includes:

Nationwide Excess Catastrophe Reinsurance Program
New Jersey Excess Catastrophe Reinsurance Agreement
Kentucky Earthquake Excess Catastrophe Reinsurance Contract
Excess & Surplus Earthquake Contract
Florida Excess Catastrophe Reinsurance Program

____________________________

A reinsurance program comprises one or more reinsurance agreements and a reinsurance agreement comprises one or more reinsurance contracts

Nationwide Excess Catastrophe Reinsurance Program

The Nationwide Excess Catastrophe Reinsurance Program (the "Nationwide Program") provides coverage up to $4.984 billion of loss less a $500 million retention, and is subject to the percentage of reinsurance placed in each of its agreements. The agreements comprising the Nationwide Program are described below.

Per Occurrence and Aggregate Excess Agreements

The Nationwide Program includes occurrence coverage in contracts from both the traditional reinsurance and ILS markets, while aggregate protection is included in three contracts supported by the ILS market. The agreements provide multi-line catastrophe coverage in every state except Florida, where coverage is only provided for personal lines automobile.

The Nationwide Program includes agreements providing coverage up to $2.750 billion in excess of a $500 million retention. The Program also provides reinsurance capacity above $2.750 billion through utilization of Sanders Re Catastrophe Bonds, multi-year contracts placed within the traditional market with seven-year terms and single-year contracts placed within the traditional market to fill capacity gaps that change each year.

Traditional Reinsurance Market Per Occurrence Excess Agreements

The Per Occurrence Excess Agreements placed in the traditional reinsurance market consist of three contracts providing coverage of $2.250 billion in excess of a $500 million retention and exhausting at $2.750 billion per loss occurrence, two seven-year term contracts, and two single-year term contracts providing coverage in excess of a $2.750 billion retention.

$2.250 billion in excess of a $500 million retention contracts

Reinsure personal lines property and automobile losses arising out of multiple perils including hurricane, windstorm, hail, tornado, earthquake, fires following earthquakes and wildfires in all states, excluding personal lines property in the state of Florida
Include coverage for commercial lines property and automobile (physical damage only) in all states, excluding commercial lines property in the state of Florida
Consists of multi-year contracts, each providing one-third of 95% of the total limit
- Existing contracts effective June 1, 2018 consist of five layers and expires May 31, 2021; this contract does not include coverage for New Jersey
- Existing contracts effective June 1, 2019 consist of five layers and expires May 31, 2022
- New contracts effective June 1, 2020 consist of three layers and expires May 31, 2023
Includes one reinstatement of limits per year, with premium required
Reinsurance premiums are subject to redetermination for exposure changes on an annual basis

$ in millions

	Per
	occurrence	Risk period	% of limit
Retention	limit	effective date	placed (2)	States Covered		Reinstatement
$500	$500	June 1, 2020	95	Countrywide, excluding

				personal and commercial		1 per occurrence limit

				lines property in FL
1,000	750	June 1, 2020	95		each contract year (per

				NJ covered by 2/3 of		layer), premium due

1,750	1,000	June 1, 2020	95	$2.250B xs $500M contracts

Seven-Year Term Contracts

Contain comparable contract terms and conditions as the $2.250 billion in excess of a $500 million retention contracts
Provide a $324 million limit in excess of a minimum $2.750 billion retention and a $138 million limit in excess of a minimum $3.846 billion retention, are 95% placed and expire May 31, 2022
Contain a variable reset option, which the ceding entities may elect to invoke at each anniversary and which allows for the annual adjustment of each contract's attachment and exhaustion levels within specified limits
Contain one reinstatement of limits over its seven-year term with premium required. As of May 1, 2020, a reinstatement of limits has not been executed under either contract. Reinsurance premiums are subject to redetermination for exposure changes on an annual basis

____________________________

Limits for the $2.250b xs $500m contracts are 31.66% placed, 31.67% placed, and 31.67% placed for the respective terms of June 1, 2020 to May 31, 2021, June 1, 2021 to May 31, 2022, and June 1, 2022 to May 31, 2023.

$ in millions

Per occurrence

Risk period

Contract

% of

Per

reinsurance

effective

expiration

limit

occurrence

contract

date

placed

Retention

limit

States Covered

Reinstatement

7-Year Term

April 1, 2020

March 31,

$2,750

$324

Countrywide,

1 per occurrence

Contract 1

2021

excluding FL

limit over each

personal and

contract's 7-year

7-Year Term

June 1, 2020

May 31, 2021

$3,846

$138

commercial lines

term, premium

Contract 2

property

due

Single-Year Term Contracts

With risk changing annually, there is a need to place single-year term contracts to fill coverage gaps
Contain comparable contract terms and conditions as the $2.250 billion in excess of a $500 million retention contracts
Provide a $106 million limit and a $178 million limit in excess of a minimum $2.750 billion retention, are 95% placed and expire March 31, 2021 and May 31, 2021, respectively
Provide additional gap coverage as the layer shifts down in attachment, subject to the $2.750 billion minimum retention level as lower layer limits are exhausted
A retention co-participation of 5% for a layer of $1.734 billion in excess of $2.750 billion is deemed in place and inures to the benefit of this contract
Do not include a reinstatement of limits
Inuring contracts include: New Jersey Excess Catastrophe Agreement, 7-Year Term Contract 1, and the 5% co-participation
While inuring layers are fully intact, the $106 million limit in excess of a minimum $2.750 billion retention contract would begin to pay subject losses in excess of $3.074 billion
Inuring contracts for the $178 million limit in excess of a minimum $2.750 billion retention include all preceding plus the Single-YearTerm Contract 1 and 2019-1Excess Catastrophe Reinsurance Contract; while inuring layers are fully intact, the contract would begin to pay subject losses in excess of $3.186 billion

$ in millions

Per occurrence

Risk period

Contract

% of

Per

reinsurance

effective

expiration

limit

occurrence

contract

date

placed

Retention

limit

States Covered

Reinstatement

Single-Year

April 1, 2020

March 31,

100

$2,750

$106

Countrywide,

Term Contract 1

2021

excluding FL

personal and

None

Single-Year

June 1, 2020

May 31, 2021

100

$2,750

$178

commercial lines

Term Contract 2

property

Sanders Re Catastrophe Bonds - Per Occurrence Excess Agreements

The two Sanders Re Per Occurrence Excess Catastrophe Reinsurance Contracts

Reinsure personal lines property and automobile excess catastrophe losses in 49 states and the District of Columbia, excluding the State of Florida
Reinsure business located in the covered territory and arising out of covered events
Contain a variable reset option, which the ceding entities may invoke for risk periods subsequent to the first risk period and which allows for the annual adjustment of the contract's attachment and exhaustion levels within specified limits
Contracts do not include a reinstatement of limits
Inuring contracts include: New Jersey Excess Catastrophe Agreement, 7-Year Term Contract 1, Single-Year Term Contracts, 2019-1 Excess Catastrophe Reinsurance Contract, and the 5% co-participation

2020-1 Class A Excess Catastrophe Reinsurance Contract

Placed with Sanders Re II Ltd. which obtained funding from the ILS market to collateralize the contract's limit
Risk period began April 1, 2020 and terminates on March 31, 2024
Reinsures excess catastrophe losses caused by named storms, earthquakes and fire following earthquakes, severe weather, wildfires, and other naturally occurring or man-made events declared to be a catastrophe by Allstate
Provides a $150 million limit in excess of a minimum $2.750 billion retention
While inuring layers are fully intact, the contract would begin to pay subject losses in excess of $3.688 billion

2017-1 Excess Catastrophe Reinsurance Contract

Placed with Sanders Re Ltd., which obtained funding from the ILS market to collateralize the contract's limit
Risk period began March 31, 2017 and terminates on November 30, 2021
Reinsures excess catastrophe losses caused by named storms, earthquakes and fire following earthquakes, severe thunderstorms, winter storms, wildfire, volcanic eruptions, and meteorite impacts
Provides a $375 million limit in excess of a minimum $2.750 billion retention
Amounts payable for automobile losses are based on insured industry losses as reported by Property Claim Services (PCS) and further adjusted to account for our automobile exposures in reinsured areas
Inuring contracts include all preceding plus the 2020-1 Class A Excess Catastrophe Reinsurance Contract and 7-Year Term Contract 2; while inuring layers are fully intact, the contract would begin to pay subject losses in excess of $3.984 billion

Sanders Re Catastrophe Bonds - Per Occurrence Excess & Aggregate Agreements

The three Sanders Re Per Occurrence & Aggregate Excess Catastrophe Reinsurance Contracts

Reinsure personal lines property and automobile excess catastrophe losses in 49 states and the District of Columbia, excluding the State of Florida
Reinsure business located in the covered territory and arising out of covered events
Reinsures excess catastrophe losses caused by named storms, earthquakes and fire following earthquakes, severe weather, wildfires, and other naturally occurring or man-made events declared to be a catastrophe by Allstate
For each annual period beginning April 1, Allstate declared catastrophes occurring during such annual period can be aggregated to erode the aggregate retention and qualify for coverage under the aggregate limit
Reinsurance recoveries from the Nationwide Per Occurrence Excess Contracts and the New Jersey Excess Catastrophe Agreement inure to the benefit of the annual aggregate layer
Reinsurance recoveries collected under the per occurrence limit of each contract are not eligible for cession under the annual aggregate limit of that contract
Reinsurance recoveries for all loss occurrences and annual aggregate losses qualifying for coverage during each contract's four-year risk period are limited to our ultimate net loss from covered events and subject to the contract's limit
Contain a variable reset option, which the ceding entities may invoke for risk periods subsequent to the first risk period and which allows for the annual adjustment of the contract's attachment and exhaustion levels within specified limits
Contracts do not include a reinstatement of limits

2019-1 Excess Catastrophe Reinsurance Contract

Placed with Sanders Re II Ltd. which obtained funding from the ILS market to collateralize the contract's limit
Risk period began April 1, 2019 and terminates on March 31, 2023
Provides one limit of $400 million, 75% placed, during its four-year term which can be used on a per occurrence or an annual aggregate basis. For a qualifying loss occurrence, the contract provides 75% of $400 million in reinsurance limits in excess of a minimum $2.750 billion retention for the April 1, 2020 to March 31, 2021 period
Inuring contracts include: New Jersey Excess Catastrophe Agreement, 7-Year Term Contract 1, Single-Year Term Contract 1, and the 5% co-participation; while inuring layers are fully intact, the contract would begin to pay subject losses in excess of $3.186 billion
Provides an annual aggregate limit of 75% of $400 million in reinsurance limits between a $3.576 billion to $3.976 billion layer subject to an annual retention of $3.576 billion

2020-1 Class B Excess Catastrophe Reinsurance Contract

Placed with Sanders Re II Ltd. which obtained funding from the ILS market to collateralize the contract's limit
Risk period began April 1, 2020 and terminates on March 31, 2024
Provides one limit of $100 million, 100% placed, during its four-year term which can be used on a per occurrence or an annual aggregate basis. For a qualifying loss occurrence, the contract provides 100% of $100 million in reinsurance limits in excess of a minimum $2.750 billion retention for the April 1, 2020 to March 31, 2021 period
Inuring contracts include all preceding plus the 2019-1 Excess Catastrophe Reinsurance Contract, Single- Year Term Contract 2, 2020-1 Class A Excess Catastrophe Reinsurance Contract, 7-Year Term Contract 2, 2017-1 Excess Catastrophe Reinsurance Contract, and the 5% co-participation; while inuring layers are fully intact, the contract would begin to pay subject losses in excess of $4.379 billion
Provides an annual aggregate limit of 100% of $100 million in reinsurance limits between a $3.976 billion to $4.076 billion layer subject to an annual retention of $3.976 billion

2018-1 Excess Catastrophe Reinsurance Contract

Placed with Sanders Re Ltd., which obtained funding from the ILS market to collateralize the contract's limit
Risk period began April 1, 2018 and terminates on March 31, 2022
Provides one limit of $500 million during its four-year term, which can be used on a per occurrence or an annual aggregate basis. For each qualifying loss occurrence, the contract provides 100% of $500 million in reinsurance limits, between a $4.484 billion to $4.984 billion layer for the April 1, 2020 to March 31, 2021 period
Provides an annual aggregate limit of 100% of $500 million in reinsurance limits between a $4.076 billion to $4.576 billion layer subject to an annual retention of $4.076 billion

$ in millions

Excess

% of

Per occurrence

reinsurance

Risk period

limit

and annual

contract

beginning date

ending date

placed

Retention

aggregate limit

Reinstatement

2020-1

April 1, 2020

March 31, 2024

100

$2,750 Per

$150

None

Class A

Occurrence

2020-1

$2,750 Per

April 1, 2020

March 31, 2024

100

Occurrence

$100

None

Class B

$3,976 Annual

Aggregate

$2,750 Per

2019-1

April 1, 2019

March 31, 2023

Occurrence

$400

None

$3,576 Annual

Aggregate

$4,484 Per

2018-1

April 1, 2018

March 31, 2022

100

Occurrence

$500

None

$4,076 Annual

Aggregate

2017-1

March 31, 2017

November 30,

100

$2,750 Per

$375

None

2021

Occurrence

Other Catastrophe Reinsurance Programs

The following programs are designed separately from the Nationwide Program to address distinct exposures in certain states and markets.

New Jersey Excess Catastrophe Reinsurance Agreement

Reinsure personal lines property and automobile excess catastrophe losses in New Jersey caused by multiple perils
Include coverage for commercial lines property and automobile (physical damage only) catastrophe losses in New Jersey
Consists of two existing contracts providing $400 million of limits in excess of a $150 million retention, 31.66% and 31.67% placed
Includes one reinstatement of limits per contract year, with additional premium due
Reinsurance premium and retention are subject to redetermination for exposure changes on an annual basis

$ in millions

Contract

% of limit

Per

placed

Reinsurance

effective

expiration

occurrence

contract

date

Yr 1

Yr 2

Retention

limit

Reinstatement

New Jersey

June 1, 2019

May 31, 2022

31.66

$150

$400

1 per occurrence limit

each contract year,

New Jersey

June 1, 2018

May 31, 2021

31.67

150

400

premium due

Kentucky Earthquake Excess Catastrophe Reinsurance Contract

Reinsures personal lines property losses in Kentucky caused by earthquakes and fire following earthquakes
Three-yearterm contract expiring May 31, 2023
Provides three limits of $28 million in excess of a $2 million retention, with two limits available in any one contract year, and is 95% placed
Reinsurance premium and retention are not subject to redetermination for exposure changes

Excess & Surplus ("E&S") Earthquake Contract

Reinsures personal lines property catastrophe losses in California caused by the peril of earthquakes and is insured by our excess and surplus lines insurer; reinsures only shake damage resulting from the earthquake peril
Three-yearterm contract effective July 1, 2018 through June 30, 2021, both days inclusive
Provides reinsurance on a 100% quota share basis with no retention
Allows for cession of policies providing earthquake coverage as long as the total amount of in-force building limits provided by those policies does not exceed $400 million; $400 million cap limits the policies that are covered by the reinsurance contract and not the amount of loss eligible for cession, which includes losses to dwellings, other structures, personal property and additional living expenses on policies covered by this program
As of May 1, 2020, the $400 million cap which serves to limit cessions to the contract has not been exceeded

Florida Excess Catastrophe Reinsurance Program

The Florida Excess Catastrophe Reinsurance Program is comprised of seven contracts, as described below, which reinsure Castle Key Insurance Company ("CKIC") and Castle Key Indemnity Company ("CKI") for personal lines property excess catastrophe losses in Florida. (We refer to both companies together as "Castle Key."). For the June 1, 2020 to May 31, 2021 term, the Program includes four contracts placed in the traditional market, Castle Key's reimbursement contracts with the Florida Hurricane Catastrophe Fund (the "Mandatory FHCF - Florida Hurricane Catastrophe Fund Contracts"),(3) and the Sanders Re 2020-2Contract placed in the ILS market.

Below FHCF Contract

Reinsures personal lines property excess catastrophe losses caused by multiple perils in Florida
Provides three limits of $31.3 million in excess of a $20 million retention and is 100% placed
Contract includes two reinstatements of limits; the first
reinstatement of limits is prepaid and the second or final reinstatement requires additional premium
Only the portion of the limit utilized to indemnify losses from an event mandatorily reinstates; the remaining reinstatement limit remains available and will be used as future events erode the per occurrence contract limit
Reinsurance premium is subject to redetermination for exposure changes

Mandatory FHCF Contracts

Indemnifies qualifying personal lines property losses caused by storms the National Hurricane Center declares to be hurricanes
Provide $130.6 million of limits in excess of a $51.3 million provisional retention and are 90% placed (or $117.5 million in excess of a $51.3 million provisional retention)
Includes reimbursement of up to 10% of eligible loss adjustment expenses, which is part of and not in addition to the reinsurance limit provided, with no reinstatement of limits
For each of the two largest hurricanes, the provisional retention is $51.3 million and a retention equal to one- third of that amount, or approximately $17 million, is applicable to all other hurricanes for the season beginning June 1, 2020
Reinsurance limit and retention are subject to re-measurement based on June 30, 2020 exposure data; retention is also subject to adjustment upward or downward to an actual retention based on exposures submitted to the FHCF by all participants

___________________________

CKIC's and CKI's mandatory FHCF coverage is provided under reimbursement contracts distinct to each entity. CKIC's FHCF reimbursement contract provides a $78.3 million limit after a $30.7 million retention, and CKI's reimbursement contract provides a $52.3 million limit after a $20.5 million retention. For ease of reference, the FHCF's provisional retentions and limits have been consolidated for purposes of this disclosure.

Excess Agreement

Reinsures personal lines property excess catastrophe losses caused by multiple perils in Florida
Consists of one annual (49% placed), one two-year (41% placed) and one three-year contract (10% placed) effective June 1, 2020
For the June 1, 2020 to May 31, 2021 term, the agreement provides one limit of $264.1 million in excess of a $20 million retention and is 100% placed
Inuring contracts include: Below FHCF Contract and Mandatory FHCF Contracts
Provides reinsurance limits above the Mandatory FHCF Contracts, for CKIC's and CKI's 10% co-participation in the Mandatory FHCF Contracts, and for loss occurrences not subject to reimbursement under the Mandatory FHCF Contracts which only reinsure losses arising out of hurricanes
None of the three contracts comprising the Agreement include a reinstatement of limits
Reinsurance premium is subject to redetermination for exposure changes

Sanders Re 2020-2 Contract

Reinsures qualifying losses to personal lines property caused by a named storm event, a severe weather event, an earthquake event, a fire event, a volcanic eruption event, or a meteorite impact event in Florida as defined in the contract
Placed with Sanders Re II Ltd. which obtained funding from the ILS market to collateralize the contract's limit
Three-yearterm contract with a risk period effective June 1, 2020 through May 31, 2023
Provides limits of $200 million in excess of a $20 million retention and in excess of "stated reinsurance" and is 100% placed
For the June 1, 2020 to May 31, 2021 risk period, stated reinsurance is defined to include the Below FHCF Contract, the Mandatory FHCF Contracts which are deemed to exhaust due to loss occurrences subject to the non-FHCF contracts, and the Excess Agreement; stated reinsurance is deemed to be provided on a multiple perils basis under the terms of the non-FHCF contracts and includes an erosion feature, which provides that upon the exhaustion of a portion of the stated reinsurance, coverage under the Sanders Re Contract shall be concurrently placed above and contiguous to the unexhausted portion of the stated reinsurance, if any
Contains a variable reset option, which Castle Key may invoke for risk periods subsequent to the first risk period and which allows for the annual adjustment of the contract's attachment and exhaustion levels; the variable reset option requires a premium adjustment
Contract does not include a reinstatement of limits

$ in millions

Risk Period

Contract

% of

Per

Reinsurance

effective

expiration

limit

occurrence

contract

date

placed

Retention

limit

Reinstatement

Two reinstatements of the per

Below FHCF

June 1, 2020

May 31, 2021

100

$20

$31

occurrence limit; first

reinstatement prepaid; second

reinstatement premium due

FHCF

June 1, 2020

May 31, 2021

131

None

June 1, 2020

May 31, 2021

130

Excess

June 1, 2020

May 31, 2022

108

None

June 1, 2020

May 31, 2023

Excess

Risk Period

% of

Per

reinsurance

beginning

Risk period

limit

occurrence

contract

date

ending date

placed

Retention

limit

Reinstatement

Sanders Re 2020-2

June 1, 2020

May 31, 2023

100

200

None

Illustration of Utilization of Reinsurance Coverage (a)

The following examples are provided to illustrate Allstate's reinsurance program and should not be relied upon to determine the amount of Allstate's net loss from any actual events that may occur in the future. They are based on hypothetical situations. The actual amounts recoverable under our reinsurance program and the amount of our net loss from any one event or series of events could differ materially from the hypothetical results presented in these examples due to a variety of factors, including the nature and location of the specific losses incurred, the specific lines of business covered by the various reinsurance agreements, and the impact of potential litigation. Reinstatement premiums are not included.

(in millions)	Notes
Amount

Example 1 - One hurricane landfalls in South Carolina. (Total loss of $2.10 billion, net loss of $580.0 million or 27.6% of total loss.)

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Hurricane in South Carolina

Per Occurrence Excess Agreement

Loss

2,100.0

500 retention

Retention

500.0

Subject Loss

1,600.0

Total loss less 500 retention

$2.250b xs $500m

5% of 1,600 subject loss; 5% retention on 2,250 x 500 layers

Retained

80.0

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, limit reinstates to 250

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(158.4)

31.67% of 500 x 500, limit reinstates to 500

(158.4)

Layer 2 - 2018 & 2019 Contracts

250 x 750, 63.33% placed

(158.3)

63.33% of 250 x 750, limit reinstates to 250

(158.3)

Layer 2 - 2020 Contract

750 x 1,000, 31.67% placed

(237.5)

31.67% of 750 x 1,000, limit reinstates to 750

(237.5)

Layer 3 - 2018 & 2019 Contracts

500 x 1,000, 63.33% placed

(316.7)

63.33% of 500 x 1,000, limit reinstates to 500

(316.7)

Layer 3 - 2020 Contract

1,000 x 1,750, 31.67% placed

(110.8)

31.67% of 350 x 1,750, limit reinstates to 1,000

(110.8)

Layer 4 - 2018 & 2019 Contracts

750 x 1,500, 63.33% placed

(380.0)

63.33% of 600 x 1,500, limit reinstates to 750

(380.0)

South Carolina loss

2,100.0

Less recoverables

(1,520.0)

Net loss

580.0

For purposes of these examples, losses and recoverables are calculated according to the reinsurance contracts to be in effect on 6/1/2020.
For purposes of these examples, the limits of liability and retentions have been combined for Castle Key Insurance Company and Castle Key Indemnity Company.
Allstate's separately capitalized Florida underwriting entities underwrite only personal lines property business.

Illustration of Utilization of Reinsurance Coverage (a)

(in millions)

Amount

Notes

Example 2 - First hurricane landfalls in South Carolina, total loss of $1.05 billion; second hurricane landfalls in Texas, total loss of $1.40 billion. (Total loss of $2.45 billion, net loss of $1.07 billion or 43.8% of total loss.)

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

Hurricane in South Carolina

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Per Occurrence Excess Agreement

Loss

1,050.0

500 retention

Retention

500.0

Subject Loss

550.0

Total loss less 500 retention

$2.250b xs $500m

5% of 550 subject loss; 5% retention on 2,250 x 500 layers

Retained

27.5

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, limit reinstates to 250

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(158.4)

31.67% of 500 x 500, limit reinstates to 500

(158.4)

Layer 2 - 2018 & 2019 Contracts

250 x 750, 63.33% placed

(158.3)

63.33% of 250 x 750, limit reinstates to 250

(158.3)

Layer 2 - 2020 Contract

750 x 1,000, 31.67% placed

(15.8)

31.67% of 50.0 x 1,000, limit reinstates to 750

(15.8)

Layer 3 - 2018 & 2019 Contracts

500 x 1,000, 63.33% placed

(31.7)

63.33% of 50.0 x 1,000, limit reinstates to 500

(31.7)

South Carolina loss

1,050.0

Less recoverables

(522.5)

Net loss

527.5

Hurricane in Texas

Per Occurrence Excess Agreement

Loss

1,400.0

500 retention

Retention

500.0

Subject Loss

900.0

Total loss less 500 retention

$2.250b xs $500m

5% of 900 subject loss; 5% retention on 2,250 x 500 layers

Retained

45.0

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, reinstated limit now exhausted

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(158.4)

31.67% of 500 x 500, reinstated limit now exhausted

(158.4)

Layer 2 - 2018 & 2019 Contracts

250 x 750, 63.33% placed

(158.3)

63.33% of 250 x 750, reinstated limit now exhausted

(158.3)

Layer 2 - 2020 Contract

750 x 1,000, 31.67% placed

(126.7)

31.67% of 400.0 x 1,000, reinstated limit now exhausted (limit of 350 remains)

(126.7)

Layer 3 - 2018 & 2019 Contracts

500 x 1,000, 63.33% placed

(253.3)

63.33% of 400.0 x 1,000, limit reinstates to 500

(253.3)

South Carolina loss

1,400.0

Less recoverables

(855.0)

Net loss

545.0

Example 2 Total losses

2,450.0

Less recoverables

(1,377.5)

Net loss

1,072.5

Illustration of Utilization of Reinsurance Coverage (a)

(in millions)

Amount

Notes

Example 3 - First hurricane landfalls in Alabama, total loss of $350 million; second hurricane landfalls in Georgia, total loss of $900 million; third hurricane landfalls in South Carolina, total loss of $750 million. (Total loss of $2.00 billion, net loss of $1.38 billion or 69.1% of total loss.)

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

Hurricane in Alabama

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Per Occurrence Excess Agreement

Loss

350.0

500 retention

Retention

500.0

Recoverable

0.0

Retention exceeds total loss

Alabama loss

350.0

Less recoverable

0.0

Net loss

350.0

Hurricane in Georgia

Per Occurrence Excess Agreement

Loss

900.0

500 retention

Retention

500.0

Subject Loss

400.0

Total loss less 400 retention

$2.250b xs $500m

5% of 400 subject loss; 5% retention on 2,250 x 500 layers

Retained

20.0

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, limit reinstates to 250

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(126.7)

31.67% of 400 x 500, limit reinstates to 500

(126.7)

Layer 2 - 2018 & 2019 Contracts

250 x 750, 63.33% placed

(95.0)

63.33% of 150 x 750, limit reinstates to 750

(95.0)

Georgia loss

900.0

Less recoverables

(380.0)

Net loss

520.0

Hurricane in South Carolina

Per Occurrence Excess Agreement

Loss

750.0

500 retention

Retention

500.0

Subject Loss

250.0

$2.250b xs $500m

5% of 250 subject loss; 5% retention on 2,250 x 500 layers

Retained

12.5

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, reinstated limit now exhausted

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(79.2)

31.67% of 250 x 500, reinstated limit now exhausted (limit of 250 remains)

(79.2)

South Carolina loss

750.0

Less recoverable

(237.5)

Net loss

512.5

Example 3 Total loss

2,000.0

Less recoverables

(617.5)

Net loss

1,382.5

Illustration of Utilization of Reinsurance Coverage (a)

(in millions)

Amount

Notes

Example 4 - First hurricane landfalls in Maryland, total loss $600 million; second hurricane landfalls in New Jersey, total loss of $500 million; third hurricane landfalls in Maine, total loss of $200 million; fire losses in California following an earthquake,

total loss of $1.80 billion. (Total loss of $3.10 billion, net loss of $1.55 billion or 49.9% of total loss.)

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

Hurricane in Maryland

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Per Occurrence Excess Agreement

Loss

600.0

500 retention

Retention

500.0

Subject loss

100.0

Total loss less 500 retention

$2.250b xs $500m

5% of 100 subject loss; 5% retention on 2,250 x 500 layers

Retained

5.0

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(63.3)

63.33% of 100 x 500, limit reinstates to 250

(63.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(31.7)

31.67% of 100 x 500, limit reinstates to 500

(31.7)

Maryland loss

600.0

Less recoverable

(95.0)

Net loss

505.0

Hurricane in New Jersey

400 x 150, 31.66% placed

NJ Excess Contract Expiring 2021

Loss

500.0

150 retention

Retention

150.0

Subject Loss

350.0

Total loss less 150 retention

Retained

239.2

68.34% retained on 350 x 150

Recoverable

(110.8)

31.66% of 350 x 150; limit reinstates to 400

(110.8)

NJ Excess Contract Expiring 2022

400 x 150, 31.67% placed

Loss

500.0

150 retention

Retention

150.0

Subject Loss

350.0

Total loss less 150 retention

Retained

239.2

68.33% retained on 350 x 150

Recoverable

(110.8)

31.67% of 350 x 150; limit reinstates to 400

(110.8)

New Jersey loss

500.0

Less recoverables

(221.6)

Net loss

278.4

Illustration of Utilization of Reinsurance Coverage (a)

(in millions)

Amount

Notes

Example 4 - continuation

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

Hurricane in Maine

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Per Occurrence Excess Agreement

Loss

200.0

500 retention

Retention

500.0

Subject Loss

0.0

Retention exceeds total loss

Maine loss

200.0

Less recoverable

0.0

Net loss

200.0

Fire losses in California following an earthquake

Per Occurrence Excess Agreement

Loss

1,800.0

500 retention

Retention

500.0

Subject loss

1,300.0

Total loss less 500 retention

$2.250b xs $500m

5% of 1,300 subject loss; 5% retention on 2,250 x 500 layers

Retained

65.0

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, reinstated limit now exhausted

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(158.4)

31.67% of 500 x 500, limit reinstates to 500

(158.4)

Layer 2 - 2018 & 2019 Contracts

250 x 750, 63.33% placed

(158.3)

63.33% of 250 x 750, limit reinstates to 250

(158.3)

Layer 2 - 2020 Contract

750 x 1,000, 31.67% placed

(237.5)

31.67% of 750 x 1,000, limit reinstates to 750

(237.5)

Layer 3 - 2018 & 2019 Contracts

500 x 1,000, 63.33% placed

(316.7)

63.33% of 500 x 1,000, limit reinstates to 500

(316.7)

Layer 3 - 2020 Contract

1,000 x 1,750, 31.67% placed

(15.8)

31.67% of 50 x 1,750, limit reinstates to 1,000

(15.8)

Layer 4 - 2018 & 2019 Contracts

750 x 1,500, 63.33% placed

(190.0)

63.33% of 300 x 1,500, limit reinstates to 750

(190.0)

California loss

1,800.0

Less recoverables

(1,235.0)

Net loss

565.0

Example 4 Total loss

3,100.0

Less recoverables

(1,551.6)

(1,330.0)

(221.7)

Net loss

1,548.4

Illustration of Utilization of Reinsurance Coverage (a)

(in millions)

Amount

Notes

Example 5 - First hurricane landfalls in Louisiana, total loss of $1.00 billion. A second hurricane landfalls in Texas resulting in $3.60 billion of personal lines property losses and $400 million of personal lines automobile losses, total loss $4.00 billion. A third hurricane landfalls in Florida, total property loss of $600 million. (Total loss of $5.60 billion, net loss of $1.22 billion or 21.8% of total loss.) (c)

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

Hurricane in Louisiana

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Per Occurrence Excess Agreement

Loss

1,000.0

500 retention

Retention

500.0

Subject loss

500.0

Total loss less 500 retention

$2.250b xs $500m

5% of 500 subject loss; 5% retention on 2,250 x 500 layers

Retained

25.0

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, limit reinstates to 250

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(158.4)

31.67% of 500 x 500, limit reinstates to 500

(158.4)

Layer 2 - 2018 & 2019 Contracts

250 x 750, 63.33% placed

(158.3)

63.33% of 250 x 750, limit reinstates to 250

(158.3)

Louisiana Loss

1,000.0

Less recoverables

(475.0)

Net loss

525.0

Hurricane in Texas

Per Occurrence Excess Agreement

Loss

4,000.0

500 retention

Retention

500.0

Subject loss

3,500.0

Total loss less 500 retention

$2.250b xs $500m

5% of 2,250 subject loss; 5% retention on 2,250 x 500 layers

Retained

112.5

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, reinstated limit now exhausted

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(158.4)

31.67% of 500 x 500, reinstated limit now exhausted

(158.4)

Layer 2 - 2018 & 2019 Contracts

250 x 750, 63.33% placed

(158.3)

63.33% of 250 x 750, reinstated limit now exhausted

(158.3)

Layer 2 - 2020 Contract

750 x 1,000, 31.67% placed

(237.5)

31.67% of 750 x 1,000, limit reinstates to 750

(237.5)

Layer 3 - 2018 & 2019 Contracts

500 x 1,000, 63.33% placed

(316.7)

63.33% of 500 x 1,000, limit reinstates to 500

(316.7)

Layer 3 - 2020 Contract

1,000 x 1,750, 31.67% placed

(316.7)

31.67% of 1,000 x 1,750, limit reinstates to 1,000

(316.7)

Layer 4 - 2018 & 2019 Contracts

750 x 1,500, 63.33% placed

(475.0)

63.33% of 750 x 1,500, limit reinstates to 750

(475.0)

Layer 5 - 2018 & 2019 Contracts

500 x 2,250, 63.33% placed

(316.7)

63.33% of 500 x 2,250, limit reinstates to 500

(316.7)

7-Year Term Contract 1

324 x 2,750, 95% placed

Retained

16.2

5% of 324 x 2,750

Recoverable

(307.8)

95% of 324 x 2,750; limit reinstates to 324

(307.8)

Illustration of Utilization of Reinsurance Coverage (a)

(in millions)

Amount

Notes

Example 5 - continuation

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Single Year Contract 1

106 x 2,250, 100% placed

Loss

4,000.0

2,750 retention

Retention

2,750.0

Subject Loss

1,250.0

Total loss less 2,750 retention

Inuring

307.8

Recoveries from 7-Year Term Contract 1

Less deemed; 5% co-participation x 2,750 retention of reinsurance limits deemed in

Deemed

62.5

place under the contract (subject loss of 4,000 - 2,750 * 5%)

879.7

Subject loss less inuring deemed

Recoverable

(106.0)

Subject loss less inuring and deemed; limit exhausted and not subject to reinstatement

(106.0)

2019-1 Excess Contract

400 x 2,750, 75.0% placed

Loss

4,000.0

2,750 retention

Retention

2,750.0

Subject Loss

1,250.0

Total loss less 2,750 retention

Inuring

413.8

Recoveries from 7-Year Term Contract 1 and Single Year Contract 1

Less deemed; 5% co-participation x 2,750 retention of reinsurance limits deemed in

Deemed

62.5

place under the contract (subject loss of 4,000 - 2,750 * 5%)

773.7

Subject loss less inuring and deemed

Retained

100.0

25% of 400 x 2,750

75% of 400 x 2,750; limit exhausted and not subject to reinstatement nor available for

Recoverable

(300.0)

aggregate protection

(300.0)

Single Year Contract 2

177.5 x 2,750, 100% placed

Loss

4,000.0

2,750 retention

Retention

2,750.0

Subject Loss

1,250.0

Total loss less 2,750 retention

Inuring

713.8

Recoveries from 7-Year Term Contract 1, Single Year Contract 1 and 2019-1

Less deemed; 5% co-participation x 2,750 retention of reinsurance limits deemed in

Deemed

62.5

place under the contract (subject loss of 4,000 - 2,750 * 5%)

473.7

Subject loss less inuring deemed

Recoverable

(177.5)

Subject loss less inuring and deemed; limit exhausted and not subject to reinstatement

(177.5)

2020-1 Class A Excess Contract

150.0 x 2,750, 100% placed

Loss

4,000.0

2,750 retention

Retention

2,750.0

Subject Loss

1,250.0

Total loss less 2,750 retention

Inuring

891.3

Recoveries from 7-Year Term Contract 1, Single Year Contract 1, 2019-1 and Single

Year Contract 2

Less deemed; 5% co-participation x 2,750 retention of reinsurance limits deemed in

Deemed

62.5

place under the contract (subject loss of 4,050 - 2,750 * 5%)

296.2

Subject loss less inuring deemed

Recoverable

(150.0)

Subject loss less inuring and deemed; limit exhausted and not subject to reinstatement

(150.0)

7-Year Term Contract 2

137.9 x 3,846, 95% placed

Loss

4,000.0

3,846 retention

Retention

3,846.0

Subject Loss

154.0

Total loss less 3,846 retention

Retained

6.9

5% of 137.9 x 3,846

Recoverable

(131.0)

95% of 137.9 x 3,846; limit reinstates to 137.9

(131.0)

Illustration of Utilization of Reinsurance Coverage (a)

(in millions)

Amount

Notes

Example 5 - continuation

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

2017-1 Excess Contract

375 x 2,750, 100% placed

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Loss

4,000.0

2,750 retention

Retention

2,750.0

Subject Loss

1,250.0

Total loss less 2,750 retention

Inuring

1,172.3

Recoveries from 7-Year Term Contract 1, Single Year Contract 1, 2019-1, Single Year

Contract 2, 2020-1 Class B Excess Contract and 7-Year Term Contract 2

Less deemed; 5% co-participation x 2,750 retention of reinsurance limits deemed in

Deemed

62.5

place under the contract (subject loss of 4,000 - 2,750 * 5%)

15.2

Subject loss less inuring and deemed

Recoverable

(15.2)

Subject loss less inuring and deemed; 359.8 remains for future events

(15.2)

Texas Loss

4,000.0

Less recoverables

(3,325.0)

Net loss

675.0

Hurricane in Florida

Below FHCF

31.3 x 20, 100% placed

Loss

600.0

20 retention

Retention

20.0

Subject Loss

580.0

Total loss less 20 retention

Recoverable

(31.3)

100% of 31.3 x 20 retention; limit reinstates to 31.3

(31.3)

FHCF (b)

130.6 x 51.3 retention, 90% placed

Loss

600.0

51.3 retention

Retention

51.3

Subject Loss

548.7

Total loss less 51.3 retention

Retained

13.1

10% retained on 130.6 limit

Recoverable

(117.6)

90% of 130.6 x 51.3 retention; limit exhausted

(117.6)

Excess

264.1 x 20 retention; recoveries from Below FHCF and FHCF inure; 100% placed

Loss

600.0

20 retention

Retention

20.0

Subject Loss

580.0

Total loss less 20 retention

Inuring Reinsurance

148.9

31.3 recovery from Below FHCF and 117.6 recovery from FHCF inure

Recoverable

(264.1)

100% of 264.1 x 20 retention and less inuring reinsurance; limit exhausted

(264.1)

Sanders Re 2020-2

200 x 20 retention and x Stated Reinsurance of 433.0; 100% placed

Loss

600.0

20 retention

Retention

20.0

Below FHCF contract limit of 31.3, Mandatory FHCF contract limit 90% placed of 117.6,

Stated Reinsurance

413.0

and Excess contract limit of 264.1

Subject Loss

167.0

Total loss less 20 retention and stated reinsurance of 413.0

100% of 167.0 x 20 retention and x stated reinsurance of 413.0; 33.0 limit remains x 20

Recoverable

(167.0)

retention and x remaining stated reinsurance of 31.3

(167.0)

Florida loss

600.0

Less recoverables:

Below FHCF

(31.3)

FHCF

(117.6)

Excess

(264.1)

Sanders Re 2017-2

(167.0)

Net loss

20.0

Example 5 Total loss

5,600.0

Less net recoverables

(4,380.0)

(3,334.8)

(15.2)

(300.0)

(150.0)

(31.3)

(117.6)

(264.1)

(167.0)

Net loss

1,220.0

Illustration of Utilization of Reinsurance Coverage (a)

(in millions)

Amount

Notes

Example 6 - First hurricane landfalls in South Carolina, total loss of $1.05 billion; second hurricane landfalls in Texas, total loss of $1.40 billion; 100 severe weather events below the $500 million retention, total loss of $2.80 billion (average catastrophe loss of $28 million per event). (Total loss of $5.25 billion, net loss of $3.65 billion or 69.5% of total loss.)

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

Hurricane in South Carolina

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Per Occurrence Excess Agreement

Loss

1,050.0

500 retention

Retention

500.0

Subject Loss

550.0

Total loss less 500 retention

$2.250b xs $500m

5% of 550 subject loss; 5% retention on 2,250 x 500 layers

Retained

27.5

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, limit reinstates to 250

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(158.4)

31.67% of 500 x 500, limit reinstates to 500

(158.4)

Layer 2 - 2018 & 2019 Contracts

250 x 750, 63.33% placed

(158.3)

63.33% of 250 x 750, limit reinstates to 250

(158.3)

Layer 2 - 2020 Contract

750 x 1,000, 31.67% placed

(15.8)

31.67% of 50.0 x 1,000, limit reinstates to 750

(15.8)

Layer 3 - 2018 & 2019 Contracts

500 x 1,000, 63.33% placed

(31.7)

63.33% of 50.0 x 1,000, limit reinstates to 500

(31.7)

South Carolina loss

1,050.0

Less recoverables

(522.5)

Net loss

527.5

Hurricane in Texas

Per Occurrence Excess Agreement

Loss

1,400.0

500 retention

Retention

500.0

Subject Loss

900.0

Total loss less 500 retention

$2.250b xs $500m

5% of 900 subject loss; 5% retention on 2,250 x 500 layers

Retained

45.0

Recoverable

250 x 500, 63.33% placed

Layer 1 - 2018 & 2019 Contracts

(158.3)

63.33% of 250 x 500, reinstated limit now exhausted

(158.3)

Layer 1 - 2020 Contract

500 x 500, 31.67% placed

(158.4)

31.67% of 500 x 500, reinstated limit now exhausted

(158.4)

Layer 2 - 2018 & 2019 Contracts

250 x 750, 63.33% placed

(158.3)

63.33% of 250 x 750, reinstated limit now exhausted

(158.3)

Layer 2 - 2020 Contract

750 x 1,000, 31.67% placed

(126.7)

31.67% of 400.0 x 1,000, limit reinstates to 750 (limit of 300 remains)

(126.7)

Layer 3 - 2018 & 2019 Contracts

500 x 1,000, 63.33% placed

(253.3)

63.33% of 400.0 x 1,000, limit reinstates to 500

(253.3)

Texas loss

1,400.0

Less recoverables

(855.0)

Net loss

545.0

Illustration of Utilization of Reinsurance Coverage (a)

(in millions)

Amount

Notes

Example 6 - continuation

Per

2017-1

2018-1

2019-1

2020-1 A

2020-1 B

New

Castle Key Group

Below

Sanders Re

Annual Aggregate Excess Agreement

Occurrence

Excess

Jersey

FHCF

Excess

2020-2

Loss from Hurricane in South Carolina

1,050.0

Loss from Hurricane in Texas

1,400.0

Severe Weather Events < $500 million

2,800.0

Total loss

5,250.0

Recoveries from Hurricane in South Carolina and Hurricane in Texas

Inuring

1,377.5

Net loss applicable to aggregate

3,872.5

Total loss less inuring

Retention

3,576.0

3,576 annual aggregate retention

Subject Loss

296.5

Net loss less 3,576 retention

2019-1 Sanders Re II

400 x 3,576, 75% placed

Retained

74.1

25% of 296.5 x 3,576

Recoverable

(222.4)

75% of 296.5 x 3,576

(222.4)

Aggregate Loss

3,872.5

Less recoverables

(222.4)

Net loss

3,650.1

Example 6 Total losses

5,250.0

Less recoverables

(1,599.9)

(855.0)

(222.4)

Net loss

3,650.1

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The Allstate Corporation published this content on 04 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2020 20:41:23 UTC

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18/04	Allstate Reports March Catastrophe Losses of $328 Million	MT
15/04	Morgan Stanley Boosts Price Target on Allstate to $190 From $187, Overweight Rating Kept	MT

Allstate Reports March Catastrophe Losses of $328 Million	18/04	MT
Morgan Stanley Boosts Price Target on Allstate to $190 From $187, Overweight Rating Kept	15/04	MT
Progressive's profit beats expectations on strong demand for insurance policies	12/04	RE
Evercore ISI Raises Price Target on Allstate to $173 From $166, Maintains In-Line Rating	11/04	MT
Roth MKM Raises Price Target on Allstate to $200 From $175, Keeps Buy Rating	08/04	MT
Peltz loses at Disney but his investors win; changes may still be ahead	04/04	RE
The Allstate Corporation Receives a Shareholder Proposal from Kenneth Steiner	02/04	CI
Piper Sandler Raises Price Target on Allstate to $188 From $172, Maintains Overweight Rating	01/04	MT
Allstate Insider Sold Shares Worth $5,276,203, According to a Recent SEC Filing	29/03	MT
Sector Update: Financial Stocks Gain Late Afternoon	29/03	MT
Sector Update: Financial Stocks Rise Thursday Afternoon	28/03	MT
Sector Update: Financial	28/03	MT
Allstate Likely to See Earnings Rebound in 2024, BofA Securities Says	28/03	MT
BofA Securities Ups Price Target on Allstate to $209 From $189, Keeps Buy Rating	28/03	MT
Investors only care for Easter	28/03
HSBC Upgrades Allstate to Buy From Hold, Adjusts Price Target to $190 From $158	28/03	MT
ANALYST RECOMMENDATIONS : Apple, Bank of America, Omnicom, UPS, Cintas...	28/03
Allstate's February Catastrophe Losses Below $150 Million Reporting Threshold	21/03	MT
Transcript : The Allstate Corporation Presents at 45th Annual Raymond James Institutional Investors Conference 2024, Mar-04-2024 08:40 AM	04/03
Allstate Insider Sold Shares Worth $637,880, According to a Recent SEC Filing	01/03	MT
Allstate Raises Quarterly Dividend to $0.92 per Share, Payable April 1 to Stockholders of Record March 4	23/02	MT
The Allstate Corporation Announces Quarterly Dividend, Payable on April 1, 2024	23/02	CI
Allstate Insider Sold Shares Worth $3,159,653, According to a Recent SEC Filing	22/02	MT
Allstate Sees $276 Million Catastrophe Losses for January	15/02	MT
The Allstate Corporation Estimates Catastrophe Losses for the Month of January 2024	15/02	CI

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