Allstate Announces June and Second Quarter 2017 Catastrophe Loss Estimate

By a News Reporter-Staff News Editor at Insurance Business Weekly -- The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for the month of June 2017 of $355 million, pre-tax ($230 million after-tax). Catastrophe losses occurring in June comprised 17 events at an estimated cost of $310 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Allstate previously announced $638 million, pre-tax ($415 million after-tax), in estimated catastrophe losses for the months of April and May 2017, bringing estimated catastrophe losses for the second quarter 2017 to $993 million, pre-tax ($645 million after-tax).

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, protecting approximately 16 million households from life's uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is widely known through the slogan "You're In Good Hands With Allstate®." Allstate agencies are in virtually every local community in America.

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

Keywords for this news article include: The Allstate Corporation.

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