Allstate Announces April 2018 Catastrophe Loss Estimate
NORTHBROOK, Ill., May 17, 2018 /PRNewswire/ — The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of April 2018 of $211 million, pre-tax ($167 million after-tax). Catastrophe losses occurring in April comprised 10 events at an estimated cost of $195 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Two severe wind and hail events, primarily impacting Texas and certain Southeastern states, accounted for approximately 60% of April event catastrophe losses.
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SOURCE The Allstate Corporation