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Allstate Announces May Catastrophe Loss Estimate of $0.6B

By Insider Scoop
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Courtesy of Benzinga

The Allstate Corporation (NYSE: ALL) today announced $0.6 billion, pre-tax, in estimated catastrophe losses for the month of May 2011. May catastrophe losses comprised 7 events.

Allstate previously announced $1.4 billion in estimated pre-tax catastrophe losses for the month of April 2011, bringing estimated catastrophe losses for the second quarter months of April and May 2011 to $2.0 billion, pre-tax.

This announcement is made as part of Allstate’s previously announced plan to release month and quarter-to-date catastrophe losses when a monthly estimate exceeds $150 million.

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