Allstate announces may 2023 catastrophe losses and implemented auto rates

Northbrook, ill.--(business wire)--the allstate corporation (nyse: all) today announced estimated catastrophe losses for the month of may of $885 million or $699 million, after-tax. may month catastrophe losses include 12 events estimated at $893 million, with approximately 70% of the losses related to two wind and hail events, partially offset by favorable reserve reestimates for prior events. total catastrophe losses for april and may were $1.68 billion, pre-tax. during the month of may, the.
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