Allstate Estimates April Catastrophe Losses of $229 Million
May 16 2019 - 9:12AM
Dow Jones News
By Colin Kellaher
Allstate Corp. (ALL) on Thursday said it estimates April pretax
catastrophe losses totaled $290 million, or $229 million after
taxes.
The Northbrook, Ill., insurance company said it recorded $259
million of pretax losses from seven events during the month, with
two wind/hail events that mainly hit Texas accounting for roughly
70% of that total.
Allstate incurred pretax catastrophe losses of $680 million, or
$537 million after taxes, in the first quarter of the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 16, 2019 08:57 ET (12:57 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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