Hurricane Ida losses reported by Allstate

Posted9/16/2021 2:47 PM

NORTHBROOK -- The Allstate Corp. Thursday announced estimated catastrophe losses in August of $876 million, or $692 million after-tax. Catastrophe losses for July and August totaled $1.1 billion pretax.

Catastrophe losses in August comprised 11 events at an estimated cost of $843 million plus unfavorable prior period reserve re-estimates. Hurricane Ida impacted 19 states with the majority of losses occurring in Louisiana, resulting in gross losses of approximately $1.4 billion, the insurer said.


Net losses in August are estimated at $631 million, pretax ($498 million, after-tax), reflecting anticipated reinsurance recoveries under our Nationwide Excess Catastrophe Reinsurance Program, partially offset by reinstatement premiums, Allstate said.

Article Comments
Attention: We are experiencing technical difficulties with our Facebook Comments module at this time. Comments will remain disabled until we are able to resolve the problem. We apologize for the interruption. We invite you to engage with our content and talk with other commenters on our Daily Herald Facebook page at Thank you.