Allstate Reports May Catastrophe Losses Totaling $1.40 Billion, Pre-Tax
NORTHBROOK, Ill., June 20, 2024 – The Allstate Corporation (NYSE: ALL) has revealed its estimated catastrophe losses for May, amounting to a staggering $1.40 billion, which translates to $1.10 billion after taxes.
During May, Allstate faced 14 significant events, with estimated losses of $1.48 billion. Notably, around 70% of these losses stemmed from five severe wind and hail incidents that primarily struck Texas, Colorado, and Illinois. When combined with April’s figures, the total catastrophe losses for both months reach $1.89 billion, pre-tax. Cumulatively, from January through May, the company’s catastrophe losses stand at $2.62 billion, pre-tax.
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