Allstate Announces November 2019 Catastrophe Loss Estimate

Business Wire

NORTHBROOK, Ill.--(BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of November 2019 of $33 million, pre-tax ($26 million, after-tax). Catastrophe losses occurring in November comprised four events at an estimated cost of $19 million, pre-tax ($15 million, after-tax), plus unfavorable prior period reserve reestimates primarily from 2019 events.

Allstate previously announced $237 million, pre-tax ($187 million, after-tax), in estimated catastrophe losses for the month of October 2019, bringing estimated catastrophe losses for the months of October and November 2019 to $270 million, pre-tax ($213 million, after-tax).

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