Allstate Announces October 2018 Catastrophe Loss Estimate
Allstate reported October catastrophe loss estimates.
NORTHBROOK, Ill., November 15, 2018 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of October 2018 of $202 million, pre-tax ($160 million, after-tax). Catastrophe losses occurring in October comprised 8 events at an estimated cost of $174 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Hurricane Michael, which made landfall on October 10, 2018, accounted for $136 million, pre-tax, or 78% of October event catastrophe losses.
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