Allstate announces march and first quarter 2023 catastrophe losses, implemented auto rates and prior year reserve reestimates

Northbrook, ill.--(business wire)--the allstate corporation (nyse: all) today announced estimated catastrophe losses for the month of march of $1.17 billion or $927 million, after-tax. catastrophe losses for march events were estimated at $1.26 billion, related to 10 events, with approximately 75% of the losses related to three wind events, partially offset by favorable reserve reestimates for prior events. catastrophe losses for the first quarter totaled $1.69 billion, pre-tax.
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