Allstate (ALL) Sees After-Tax Catastrophe Losses at $112M for Oct.

Allstate (NYSE: ALL) announced estimated catastrophe losses for the month of October 2015 of $172 million, pre-tax ($112 million after-tax). Catastrophe losses occurring in October comprised seven events at an estimated cost of $142 million, pre-tax, plus increased reserve reestimates of prior reported catastrophe losses. The reserve reestimates are primarily due to higher than anticipated reported claims and severity related to multiple severe weather events occurring earlier in 2015.

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, protecting approximately 16 million households from life’s uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is widely known through the slogan “You’re In Good Hands With Allstate®.” The Allstate brand’s network of small businesses offers auto, home, life and retirement products and services to customers in the United States and Canada.

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