Allstate Announces Catastrophe Losses for the Month of June 2021 and Second Quarter 2021
July 15, 2021 at 08:22 am EDT
The Allstate Corporation announced estimated catastrophe losses for the month of June of $195 million or $154 million, after-tax. Catastrophe losses for the second quarter totaled $752 million, after-tax. Catastrophe losses in June comprised 11 events at an estimated cost of $178 million plus unfavorable prior period reserve estimates. Three large wind, hail and rain events, primarily impacting the Midwest, accounted for approximately 70% of June estimated catastrophe losses.