The Allstate Corporation said its September estimate put third-quarter catastrophe losses at $1.65 billion before tax, adding the latest monthly tally ahead of the insurer’s Nov. 4 quarterly results release.
Allstate estimated September losses at $220 million before tax and $173 million after tax. For the quarter, after-tax catastrophe losses totaled $1.30 billion, according to the release dated Oct. 15.
Allstate had put August catastrophe losses at $748 million before tax. The month’s total covered 21 events, and one wind and hail event accounted for about half the losses, the insurer said. Its September release did not specify which events or locations contributed to that month’s estimate.
Allstate plans to release third-quarter results Nov. 4 after 4:15 p.m. ET. Its earnings call is scheduled for Nov. 5 at 9 a.m. ET.
