The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of June of $204 million, pre-tax ($161 million, after-tax).
Catastrophe losses occurring in June comprised ten events at an estimated cost of $181 million, pre-tax ($143 million, after-tax), plus unfavorable prior period reserve reestimates. Three severe wind and hail weather events, primarily impacting Texas, Pennsylvania and Alberta (Canada), accounted for approximately 50% of June estimated catastrophe losses.
Allstate previously announced $982 million, pre-tax ($776 million, after-tax), in estimated catastrophe losses for the months of April and May 2020, bringing estimated catastrophe losses for the second quarter 2020 to $1.19 billion, pre-tax ($937 million, after-tax).
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