Moody’s RMS Event Response has estimated that private market insured losses from hurricane Milton will fall in a range between $22 billion and $36 billion, with a best estimate of $26 billion.The estimate includes only privately insured losses from wind, storm surge, and precipitation-induced flood damage from the event. It does not include any losses … Read more
NORTHBROOK, Ill., October 17, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of September of $889 million or $702 million, after-tax, including $630 million, pre-tax, related to Hurricane Helene. Total catastrophe losses for the third quarter were $1.70 billion or $1.35 billion, after-tax, and total catastrophe losses for September year-to-date were $4.55 billion or $3.60 billion, after-tax. During … Read more
Catastrophe bond fund manager Icosa Investments has highlighted current uncertainty over the level of losses the market may face from hurricane Milton, but notes that while some principal losses seem likely there remains a high level of uncertainty over certain structures, especially aggregate cat bonds that have much of their risk periods left to run.The … 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
