20.06.2024 14:40:53 - dpa-AFX: Allstate Reports $1.40 Bln Catastrophe Losses For May
NORTHFIELD TOWNSHIP (dpa-AFX) - The Allstate Corp. (ALL), an insurance
company, said on Thursday that it has estimated catastrophe losses for the month
of May at $1.40 billion or $1.10 billion, after-tax.
The company noted that the catastrophe losses included 14 events estimated at
$1.48 billion, with around 70 percent of the losses related to five wind and
hail events, primarily in Texas, Colorado, and Illinois.
Total catastrophe pre-tax losses for April and May were $1.89 billion, while May
year-to-date were $2.62 billion.
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