Allstate Announces July 2017 Catastrophe Loss Estimate

By a News Reporter-Staff News Editor at Insurance Weekly News -- The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for the month of July 2017 of $181 million, pre-tax ($118 million after-tax). Catastrophe losses occurring in July comprised 13 events at an estimated cost of $151 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Two severe wind, hail and rain events, primarily impacting the Midwestern part of the country, accounted for over 60% of the catastrophe losses for July. The increased reserve reestimates in the month of July primarily relate to reestimates of second quarter 2017 events.

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, protecting people from life's uncertainties with 75 million proprietary policies. Allstate offers a broad array of protection products through multiple brands and diverse distribution channels, including auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brands. The Company provides additional protection products and services through Allstate Benefits, Allstate Roadside Services, Allstate Dealer Services, Arity and SquareTrade. Allstate is widely known from the slogan "You're In Good Hands With Allstate®." Allstate agencies are in virtually every local community in America. The Allstate Foundation, Allstate, its employees and agency owners have a proud history of caring for local communities.

Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

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