other material
confidence high
sentiment negative
materiality 0.60
Allstate reports April 2024 catastrophe losses of $494M pre-tax, $390M after-tax
ALLSTATE CORP
- April catastrophe losses estimated at $494M pre-tax ($390M after-tax), from 11 events.
- Approximately 80% of losses stem from four wind, hail or tornadic events.
- Monthly update provides early indicator of Q2 underwriting performance.