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Allstate (ALL) Sees Pretax Catastrophe Losses at $202M in May 2016

June 16, 2016 8:21 AM EDT

The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for the month of May 2016 of $202 million, pre-tax ($131 million after-tax). Catastrophe losses occurring in May comprised eight events at an estimated cost of $259 million, pre-tax, partially offset by favorable reserve reestimates for March and April 2016 events. Estimated catastrophe losses for the second quarter months of April and May 2016 total $835 million, pre-tax ($542 million after-tax).



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