Chicago-based Unitrin, Inc. announced that it expects its net losses resulting from Hurricanes Charley, Frances, Ivan and Jeanne combined will be less than $15 million after-tax. Unitrin had previously disclosed that its net losses from Hurricanes Charley, Frances and Ivan combined would be less than $15 million after-tax.
Richard Vie, Unitrin Chairman and Chief Executive Officer, commented “We have slightly lowered our estimated losses from Hurricanes Charley, Frances and Ivan. We also estimate that Unitrin’s losses from Hurricane Jeanne will be lower than for each of the other three hurricanes. As a result, our estimate of losses from all four hurricanes is within our earlier estimate of $15 million from the first three hurricanes.”
Unitrin, Inc.’s subsidiaries are engaged in three businesses: property and casualty insurance, life and health insurance, and consumer finance. Additional information about Unitrin is available for viewing by visiting its website (www.unitrin.com).