Allstate Estimates August Catastrophe Losses at $213 Million
MT Newswires Live
Sep 18
Allstate (ALL) said Thursday that its estimated catastrophe losses for August were $213 million, or $168 million after-tax from 10 events, but around 70% of the losses are due to three wind and hail events.
Total catastrophe losses for July and August were $397 million, or $313 million after-tax, the company said.
Allstate said it had 38 million protection policies in force at the end of August, up 0.9% from a year earlier.
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