Allstate expects Q4 pre-tax cat losses to hit $528mn
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Allstate expects Q4 pre-tax cat losses to hit $528mn

James Thaler
January 20, 2022
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Allstate headquarters northbrook.jpg
Photo: Allstate newsroom

Personal lines behemoth Allstate said it expects to record $528mn in pre-tax catastrophe losses for the fourth quarter when the Illinois-based carrier reports its quarterly results next month.

An announcement from the company on Thursday morning said it expected $411mn of losses, to come from two events in December, the overwhelming bulk of which stem from Colorado’s Marshall Fire and the multi-state severe convective storm.

Allstate

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James Thaler
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