tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Allstate announces August estimated catastrophe losses $272M or $215M after tax

The Allstate Corporation announced estimated catastrophe losses for the month of August of $272M or $215M , after-tax, including favorable reserve reestimates for prior period events. Catastrophe losses for August include 15 events estimated at $306M, with approximately $75M related to a hail event in Calgary, Canada. The Calgary hail event estimate includes reinsurance reinstatement premiums and is net of anticipated reinsurance recoveries of $225M Total catastrophe losses for July and August were $814M or $643M, after-tax, and total catastrophe losses for August year-to-date were $3.67B or $2.90B, after-tax.

Meet Your ETF AI Analyst

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1