Allstate Corp. stated it recorded pretax disaster losses of about $2.1 billion within the second quarter.
The Northbrook, Illinois-based insurer on July 18 stated the full included $230 million of pretax disaster losses for the month of June from 18 occasions—primarily wind and hail.
Allstate reported pretax disaster losses of about $1.4 billion in May from largely wind and hail claims in Texas, Colorado, and Illinois. The insurer beforehand introduced April estimated catastrophe losses of $494 million.
Losses for the second quarter are estimated at $182 million after tax. Whole year-to-date disaster losses as of June 30 are about $2.9 billion pretax, or about $2.3 billion after tax.
Second quarter 2023 financial results for Allstate included web disaster losses of $2.7 billion, leading to a web loss for the interval of $1.4 billion.
Subjects
Catastrophe
Profit Loss
Was this text beneficial?
Listed below are extra articles chances are you’ll get pleasure from.
Excited about Disaster?
Get computerized alerts for this subject.
