Allstate estimated catastrophe losses for May of $1.4B or $1.1B after tax

The Allstate Corporation announced estimated catastrophe losses for the month of May of $1.40 billion or $1.10 billion, after-tax. Catastrophe losses included 14 events estimated at $1.48 billion, with approximately 70% of the losses related to five wind and hail events, primarily in Texas, Colorado and Illinois. Total catastrophe losses for April and May were $1.89 billion, pre-tax, and total catastrophe losses for May year-to-date were $2.62 billion, pre-tax.