NORTHBROOK, Ailing., Sept. 19, 2024 – The Allstate Company (NYSE: ALL) immediately introduced estimated August disaster losses of $272 million, or $215 million after-tax, which incorporates favorable reserve re-estimations for prior interval occasions.
August disaster losses included 15 occasions estimated at $306 million, of which roughly $75 million was associated to the Calgary, Canada hail occasion. The Calgary hail occasion estimate contains reinsurance reinstatement premiums and excludes anticipated reinsurance recoveries of $225 million.
Mixed disaster losses for July and August had been $814 million, or $643 million after-tax, and whole disaster losses for August up to now had been $3.67 billion, or $2.9 billion after-tax.
Monetary info, together with essential bulletins, relating to The Allstate Company is periodically posted at www.allstateinvestors.com.
Ahead-Trying Statements
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