The Allstate Corporation said estimated catastrophe losses for the month of August were $186 million, pre-tax ($147 million after-tax).
Catastrophe losses occurring in August comprised 16 events at an estimated cost of $137 million, pre-tax, plus unfavorable reserve re-estimates of prior reported catastrophe losses. One hail event, primarily impacting Colorado, accounted for approximately 35 percent of August event catastrophe losses.
Allstate previously announced $262 million, pre-tax ($207 million after-tax), in estimated catastrophe losses for the month of July 2018, bringing catastrophe losses for the months of July and August 2018 to $448 million, pre-tax ($354 million after-tax).
Catastrophe loss estimates do not include Hurricane Florence which made landfall on September 14.
Topics Catastrophe Profit Loss
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