Allstate Announces October 2018 Catastrophe Loss Estimate
Allstate Corporation (The) (ALL)
Last allstate corporation (the) earnings: 2/4 06:08 pm
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US:NYSE Investor Relations:
allstateinvestors.com
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Source: Business Wire
NORTHBROOK, Ill.--(BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of October 2018 of $202 million, pre-tax ($160 million, after-tax). Catastrophe losses occurring in October comprised 8 events at an estimated cost of $174 million, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. Hurricane Michael, which made landfall on October 10, 2018, accounted for $136 million, pre-tax, or 78% of October event catastrophe losses. Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com. Forward-Looking Statements This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor
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