Allstate Announces May 2019 Catastrophe Loss Estimate
NORTHBROOK, Ill., June 20, 2019 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of May 2019 of $473 million, pre-tax ($374 million, after-tax). Catastrophe losses occurring in May comprised 14 events at an estimated cost of $504 million, pre-tax ($398 million, after- tax), partially offset by favorable reserve reestimates of prior period catastrophe losses. One severe weather event which included tornadoes, wind and hail, primarily impacting the Midwest, accounted for approximately 50% of May estimated catastrophe losses.
Allstate previously announced $290 million, pre-tax ($229 million after-tax), in estimated catastrophe losses for the month of April 2019, bringing estimated catastrophe losses for the second quarter months of April and May 2019 to $763 million, pre-tax ($603 million after-tax).
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