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Allstate estimates October catastrophe loss at $202M

Published 11/15/2018, 09:07 AM
© Reuters.  Allstate estimates October catastrophe loss at $202M
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  • Allstate (NYSE:ALL) estimates catastrophe losses for the month of October at $202M pretax, much of it from Hurricane Michael.
  • After-tax, the estimated losses come to $160M.
  • Losses comprised eight events at estimated cost of $174M pretax plus unfavorable reserve re-estimates of prior cat losses.
  • Hurricane Michael accounted for $136M pretax, or 78% of October event catastrophe losses.
  • Previously: Allstate -3.4% after Q3 misses consensus by 13% (Oct. 31)
  • Previously: Allstate estimates September catastrophe losses of $140M after-tax (Oct. 18)
  • Now read: Syncora Holdings Ltd. 2018 Q3 - Results - Earnings Call Slides


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