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

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

Allstate has pegged its May catastrophe losses at $436mn, or $344mn after tax.

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

Allstate has pegged its May catastrophe losses at $436mn, or $344mn after tax.

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Uncover exclusive insights tailored for insurance leaders

Topics

Cyber ILS market 'yet to be tested’: Panel

Sponsors routinely weigh cat bonds as part of their risk transfer strategy: Panel

Jamaica’s $150mn cat bond prices at upper reach of guidance

USAA raises $125mn through Residential Re, drops zero-coupon layer

Marsh McLennan launches global alternative risk solutions practice