Allstate Announces October 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 October 2016 of $199 million, pre-tax ($129 million after-tax). Catastrophe losses occurring in October comprised six events at an estimated cost of $180 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. The largest event was Hurricane Matthew where losses were experienced in the states of Florida, Georgia, North Carolina, South Carolina and Virginia.

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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. Now celebrating its 85th anniversary as an insurer, 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: Financial Companies, The Allstate Corporation, Property and Casualty Insurance Companies.

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