Market Overview

Allstate Announces June and Second Quarter 2018 Catastrophe Loss Estimate

Share:

The Allstate Corporation (NYSE:ALL) today announced estimated
catastrophe losses for the month of June 2018 of $417 million, pre-tax
($329 million after-tax). Catastrophe losses occurring in June comprised
16 events at an estimated cost of $384 million, pre-tax, plus
unfavorable reserve reestimates of prior reported catastrophe losses.
Three severe hail events, primarily impacting Texas and Colorado,
accounted for approximately 75% of June event catastrophe losses.
Allstate previously announced $489 million, pre-tax ($387 million
after-tax), in estimated catastrophe losses for the months of April and
May 2018, bringing catastrophe losses for the second quarter 2018 to
$906 million, pre-tax ($716 million after-tax).

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
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements do not relate strictly to historical or
current facts and may be identified by their use of words like "plans,"
"seeks," "expects," "will," "should," "anticipates," "estimates,"
"intends," "believes," "likely," "targets" and other words with similar
meanings. We believe these statements are based on reasonable estimates,
assumptions and plans. However, if the estimates, assumptions or plans
underlying the forward-looking statements prove inaccurate or if other
risks or uncertainties arise, actual results could differ materially
from those communicated in these forward-looking statements. Factors
that could cause actual results to differ materially from those
expressed in, or implied by, the forward-looking statements may be found
in our filings with the U.S. Securities and Exchange Commission,
including the "Risk Factors" section in our most recent annual report on
Form 10-K. Forward-looking statements are as of the date on which they
are made, and we assume no obligation to update or revise any
forward-looking statement.

View Comments and Join the Discussion!