Allstate reveals estimated catastrophe losses

Firm sheds light on the impact of recent events

Allstate reveals estimated catastrophe losses

Catastrophe & Flood

By Ryan Smith

The Allstate Corporation has announced estimated catastrophe losses for the month of June of $195 million, or $154 million after tax.

Catastrophe losses for the second quarter totaled $752 million after tax, the company said.

Catastrophe losses in June comprised 11 events at an estimated cost of $178 million, plus unfavorable prior reserve estimates, Allstate said.

Three large wind, hail and rain events, primarily affecting the Midwest, accounted for about 70% of last month’s catastrophe losses.

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!