NORTHBROOK, Ailing., September 19, 2024 – The Allstate Company (NYSE: ALL) as we speak introduced estimated disaster losses for the month of August of $272 million or $215 million, after-tax, together with favorable reserve reestimates for prior interval occasions.
Disaster losses for August embody 15 occasions estimated at $306 million, with roughly $75 million associated to a hail occasion in Calgary, Canada. The Calgary hail occasion estimate consists of reinsurance reinstatement premiums and is web of anticipated reinsurance recoveries of $225 million.
Whole disaster losses for July and August had been $814 million or $643 million, after-tax, and complete disaster losses for August year-to-date had been $3.67 billion or $2.90 billion, after-tax.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
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