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Allstate pegs catastrophe losses for February at $211m

March 16, 2023

U.S. primary insurer Allstate has announced estimated catastrophe losses for February of $211 million or $167 million, after tax.

Catastrophe losses for February events were estimated at $241 million, and related to nine events primarily from wind and rain that were geographically widespread.

This was partially offset by favourable reserve re-estimates for prior events, explains Allstate.

Last month, the insurer announced that January’s estimated pre-tax catastrophe losses were $307 million ($243 million after-tax).

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