Allstate Announces August 2018 Catastrophe Loss Estimate
NORTHBROOK, Ill., September 20, 2018 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of August 2018 of $186 million, pre-tax ($147 million after-tax). Catastrophe losses occurring in August comprised 16 events at an estimated cost of $137 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. One hail event, primarily impacting Colorado, accounted for approximately 35% of August event catastrophe losses. Allstate previously announced $262 million, pre-tax ($207 million after-tax), in estimated catastrophe losses for the month of July 2018, bringing catastrophe losses for the months of July and August 2018 to $448 million, pre-tax ($354 million after-tax). Catastrophe loss estimates do not include Hurricane Florence which made landfall on September 14, 2018.
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