Allstate announces february 2021 catastrophe losses

Northbrook, ill.--(business wire)--the allstate corporation (nyse: all) today announced estimated catastrophe losses for the month of february of $577 million, pre-tax ($456 million, after-tax). catastrophe losses in february comprised two events at an estimated cost of $590 million, pre-tax ($466 million, after-tax), partially offset by favorable prior period reserve reestimates. the severe winter freeze, primarily impacting texas, resulted in gross losses of approximately $1.3 billion, with n
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