Allstate Announces April Catastrophe Loss Estimate
Get Alerts ALL Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 2.4%
EPS Growth %: +400.8%
Join SI Premium – FREE
NORTHBROOK, Ill., May 21, 2015 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of April 2015 of $273 million, pre-tax ($177 million after-tax). Catastrophe losses occurring in April comprised six events at an estimated cost of $256 million, pre-tax, plus increased reserve reestimates of prior reported catastrophe losses. Four wind/hail weather events accounted for over 90% of the estimated catastrophe losses for April events.
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.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
Forward-Looking StatementsThis news release contains "forward-looking statements" that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like "plans," "seeks," "expects," "will," "should," "anticipates," "estimates," "intends," "believes," "likely," "targets" and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section in our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.
Logo - http://photos.prnewswire.com/prnh/20130404/MM88193-b
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/allstate-announces-april-catastrophe-loss-estimate-300087025.html
SOURCE The Allstate Corporation
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Keurig Dr Pepper Inc. (KDP) Confirms Previously Announced Resignation of CEO Gamgort, Appoints Timothy Cofer New CEO
- Eyenovia Inc (EYEN) Provides Clinical and Scientific Update on Mydcombi and Clobetasol
- USCB Financial Holdings (USCB) Reports Q1, Announces 500K Share Buyback
Create E-mail Alert Related Categories
Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!