Allstate reports Aug 2024 catastrophe losses of $272M pre-tax, including $75M Calgary hail event

ALLSTATE CORP

August catastrophe losses $272M pre-tax ($215M after-tax); 15 events estimated at $306M.
Calgary hail event $75M, net of $225M reinsurance recoveries; includes reinstatement premiums.
July-August total catastrophe losses $814M pre-tax ($643M after-tax).
Year-to-date through August catastrophe losses $3.67B pre-tax ($2.90B after-tax).
Favorable reserve reestimates for prior period events partially offset August losses.

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