Unitrin Estimates April Catastrophe Losses at $65M to $75M

Unitrin Inc., headquartered in Chicago, announced that pret-tax catastrophe losses due to several, severe tornados and other storms during April would likely come in at an estimated $65 million and $75 million. The company said amounts recoverable through reinsurance are estimated to be immaterial.

Customers across more than a dozen states were impacted, with those in North Carolina, South Carolina, Texas and Alabama suffering the largest losses. Total claims are estimated to reach approximately 12,000.

Source: Unitrin

Topics Catastrophe Profit Loss