NORTHBROOK, Ill., November 21, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of October of $286 million or $226 million, after-tax, including $102 million, pre-tax, from Hurricane Milton and unfavorable reserve reestimates of $144 million, pre-tax, related to Hurricane Helene, primarily in Georgia, South Carolina and North Carolina. … Read more
On a relative basis, catastrophe bonds have rarely presented a more compelling investment opportunity than today, as despite spreads having tightened somewhat the cat bond asset class diversification offering can be at its strongest when other assets like equities are overvalued, fund manager Icosa Investments has said.Previously, the investment manager has explained that with catastrophe … Read more
While industry losses from hurricane Milton may not be as high as had initially been feared, the storm’s impacts in Florida are still expected to be a loss in the tens of billions of dollars, and alongside loss experience in the sector to-date this can still drive property catastrophe reinsurance rates higher at the January … Read more
NORTHBROOK, Ill., July 18, 2024 –The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of June of $230 million or $182 million, after-tax. June month catastrophe losses include 18 events estimated at $274 million, primarily related to geographically widespread wind and hail events. Total catastrophe losses for the second quarter were $2.12 billion, pre-tax or $1.67 billion, after-tax, and total catastrophe losses … Read more
NORTHBROOK, Ill., August 15, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of July of $542 million or $428 million, after-tax. Catastrophe losses for July include 20 events estimated at $587 million with an initial loss estimate of $226 million from Hurricane Beryl. Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com. Forward-Looking Statements This … Read more
