Allstate Announces March and First Quarter 2018 Catastrophe Loss Estimate
NORTHBROOK, Ill., April 19, 2018 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of March 2018 of $222 million, pre-tax ($175 million after-tax), and an estimated $361 million, pre-tax ($285 million after-tax), for first quarter 2018. Catastrophe losses occurring in the first quarter of 2018 comprised 11 events at an estimated cost of $357 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. One wind-driven event, primarily affecting Mid-Atlantic and Northeast states, accounted for over 55% of the catastrophe losses for the month of March.
The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, protecting people from life’s uncertainties with 82 million proprietary policies. Allstate offers a broad array of protection products through multiple brands and diverse distribution channels, including auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brands. The company provides additional protection products and services through Allstate Benefits, Allstate Roadside Services, Allstate Dealer Services, Arity and SquareTrade. Allstate is widely known from the slogan “You’re In Good Hands With Allstate®.” Allstate agencies are in virtually every local community in America. The Allstate Foundation, Allstate, its employees and agency owners have a proud history of caring for local communities.
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