Allstate announces may 2021 catastrophe losses

Northbrook, ill.--(business wire)--the allstate corporation (nyse: all) today announced estimated catastrophe losses for the month of may of $213 million pre-tax, or $168 million, after-tax. catastrophe losses for april and may totaled $598 million, after-tax. catastrophe losses in may comprised seven events at an estimated cost of $193 million plus unfavorable prior period reserve estimates. two large hail events, primarily impacting texas, accounted for approximately 60% of may estimated cata
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