other material
confidence high
sentiment negative
materiality 0.90
Allstate Reports $286M October Catastrophe Losses, Including Hurricanes Milton and Helene
ALLSTATE CORP
- Estimated October catastrophe losses of $286 million pre-tax ($226 million after-tax).
- Hurricane Milton accounted for $102 million in pre-tax losses.
- Unfavorable reserve reestimates for Hurricane Helene totaled $144 million, primarily in Georgia, South Carolina, and North Carolina.
- Year-to-date October catastrophe losses reached $4.84 billion pre-tax ($3.82 billion after-tax).