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Allstate Corp. Reports Estimated Catastrophe Losses For January Of $276 Mln
(RTTNews) - Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of January 2024 of $276 million or $218 million, after-tax.
Catastrophe losses in January are estimated at $325 million, primarily driven by two events that comprised approximately 80% of the losses, partially offset by favorable reserve reestimates for prior events.
Allstate said it continues to pursue rate increases as we execute the auto insurance profit improvement plan and keep pace with loss cost trends.
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Allstate Corp. Reports Estimated Catastrophe Losses For April Of $494 Mln
Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of April 2024 of $494 million or $390 million, after-tax.
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Allstate Corp. Reports Estimated Catastrophe Losses For March Of $328 Mln
Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of March 2024 of $328 million or $259 million, after-tax. Total catastrophe losses for the first quarter were $731 million, pre-tax.
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Allstate Corp. Reports Estimated Catastrophe Losses For February Of $211 Mln
Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of February 2023 of $211 million or $167 million, after-tax.
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Allstate Corp. Reports Estimated Catastrophe Losses For July
Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of July 2022 of $223 million or $176 million, after-tax.
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SpaceX Boosts Plans For 2026 IPO, With Upto $1.5 Trln Valuation: Reports
Elon Musk's SpaceX is accelerating plans for an initial public offering or IPO in 2026 mainly following the rapid growth of its Starlink satellite internet service, media reported citing various sources familiar with the matter. According to Bloomberg News, an IPO is likely to raise well over $30 billion, with a valuation of around $1.5 trillion, while Reuters reported that IPO plans to raise...
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Bay Street Seen Opening On Cautious Note; BoC, Fed Policy Announcements In Focus
It's likely to be a cautious start on Bay Street Wednesday morning with the focus on monetary policy announcements from the Bank of Canada and the Federal Reserve.
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FTSE 100 Advances After Recent Weakness
After three successive days of declines, U.K.'s FTSE 100 moved higher on Wednesday with select stocks finding good support. The mood was cautious with investors awaiting the Federal Reserve's monetary policy announcement due later in the day.
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CAC 40 Down Ahead Of Fed Rate Decision
French stocks fell on Wednesday with investors treading cautiously ahead of the Federal Reserve's monetary policy announcement due later in the day. Remarks from some European Central Bank officials that the bank will likely adopt a pragmatic, wait-and-see approach with regard to future policy stance weighed a bit on sentiment.
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