Allstate Announces October 2017 Catastrophe Loss Estimate

NORTHBROOK, Ill., Nov. 16 -- Allstate, a publicly held personal lines property and casualty insurance company, issued the following news release:

The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of October 2017 of $516 million, pre-tax ($335 million after-tax). Catastrophe losses occurring in October comprised 11 events at an estimated cost of $502 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Five wildfires in the state of California accounted for approximately 90 percent of the catastrophe losses occurring in the month of October 2017.

This document was posted showing the date: Nov. 16, 2017.