Allstate Announces July 2019 Catastrophe Loss Estimate
NORTHBROOK, Ill., August 15, 2019 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of July 2019 of $235 million, pre-tax ($186 million, after-tax). Catastrophe losses occurring in July comprised 10 events at an estimated cost of $186 million, pre-tax ($147 million, after-tax), plus unfavorable reserve reestimates of prior period catastrophe losses. One severe hail event, primarily impacting Colorado, accounted for approximately 40% of July event estimated catastrophe losses. The increase in the reserve reestimates in the month of July primarily related to a severe weather event in May that included tornadoes, wind and hail.
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