other material
confidence high
sentiment negative
materiality 0.65
Allstate reports August catastrophe losses of $748M pre-tax; July-Aug at $1.43B
ALLSTATE CORP
- August catastrophe losses $748M pre-tax ($591M after-tax) from 21 events.
- ~50% of August catastrophe losses relate to one wind and hail event.
- Combined July-August catastrophe losses total $1.43B pre-tax ($1.13B after-tax).