The annualized cost of the multi-year program, which is expected to be effective on June 1, 2005, is anticipated to be approximately $190 million, some $100 million higher than the annualized cost of the 2004 reinsurance program, with the largest portion for Allstate (ALL)

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ALL » Topics » The annualized cost of the multi-year program, which is expected to be effective on June 1, 2005, is anticipated to be approximately $190 million, some $100 million higher than the annualized cost of the 2004 reinsurance program, with the largest portion

This excerpt taken from the ALL 10-Q filed May 3, 2005.

The annualized cost of the multi-year program, which is expected to be effective on June 1, 2005, is anticipated to be approximately $190 million, some $100 million higher than the annualized cost of the 2004 reinsurance program, with the largest portion of the increase attributable to Florida and New York.

While we believe our actions will, over time, achieve our objectives of supporting continued growth in the homeowners business in a profitable, prudent manner, it is possible that they will impact near-term growth and earnings.

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