Allstate Announces April 2020 Catastrophe Losses

Business Wire

NORTHBROOK, Ill.--(BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of April of $632 million, pre-tax ($499 million, after-tax).

Catastrophe losses occurring in April comprised six events at an estimated cost of $627 million, pre-tax ($495 million, after-tax), plus unfavorable prior period reserve reestimates. Approximately 55% of estimated catastrophe losses were due to two severe wind and hail events impacting roughly half of the states.

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Forward-Looking Statements

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