Allstate Announces July 2018 Catastrophe Loss Estimate
NORTHBROOK, Ill., August 16, 2018 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of July 2018 of $262 million, pre-tax ($207 million after-tax). Catastrophe losses occurring in July comprised 15 events at an estimated cost of $220 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Two severe hail events, primarily impacting Colorado and several other states, and the Carr fire in Northern California, accounted for approximately 75% of July event catastrophe losses.
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