Allstate May catastrophe losses hit $473 million

  • Daily Herald file photo

 

NORTHBROOK - The Allstate Corp. announced estimated catastrophe losses for the month of May 2019 of $473 million.

Catastrophe losses occurring in May comprised 14 events at an estimated cost of $504 million, pre-tax, partially offset by favorable reserve re-estimates of prior period 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, 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.

0 Comments
 
Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.