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Allstate Announces August 2021 Catastrophe Losses

Allstate Announces August 2021 Catastrophe Losses

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NORTHBROOK, Ill.–(BUSINESS WIRE)–The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of August of $876 million or $692 million, after-tax. Catastrophe losses for July and August totaled $1.1 billion, pre-tax. Catastrophe losses in August comprised 11 events at an estimated cost of $843 million plus unfavorable prior period reserve reestimates. Hurricane Ida impacted 19 states with the majority of losses occurring in Louisiana, resulting in gross los

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