Allstate May cat losses up 105% year on year at $436mn
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Allstate May cat losses up 105% year on year at $436mn

Martha Muir
16 June 2022
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Allstate has pegged its May catastrophe losses at $436mn, or $344mn after tax.

Losses were due to 14 events, mainly wind and hail in Texas, the Midwest and Canada, estimated at $423mn, on top of unfavourable reserve re-estimates for prior period events.

Pre-tax

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Topics

News Claims and losses Allstate Catastrophe bonds Catastrophe losses
MM
Martha Muir
Reporter
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