Allstate takes $876mn pre-tax August cat losses, with $631mn Ida hit
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Allstate takes $876mn pre-tax August cat losses, with $631mn Ida hit

Alex Frampton
September 16, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Allstate logo storm damage.jpg

Allstate will take catastrophe losses of $876mn pre-tax for the month of August, after it forecast $1.4bn of gross claims from Hurricane Ida would be offset by around $769mn of reinsurance recoveries.

The month’s loss tally comprised 11 events costing $843mn, as well as unfavorable prior reserve re-estimates, with the post-tax figure falling to $692mn.

Net

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsMajor lossesAllstate
AF
Alex Frampton
Gift this article