Allstate Corp. Reports Estimated Catastrophe Losses For January Of $276 Mln

RTTNews | 626 days ago
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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European Shares Set For Mixed Open

European Shares Set For Mixed Open

European stocks are seen opening broadly higher on Monday, though French markets may drift lower after the National Assembly voted down dual proposals to tax the ultra-wealthy, dealing a blow to left-wing lawmakers who had made fiscal reform their condition for passing the budget.
RTTNews | 1h 27min ago
Australian Market Slashes Early Losses In Mid-market

Australian Market Slashes Early Losses In Mid-market

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RTTNews | 3h 39min ago
Asian Markets Track Wall Street Higher

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RTTNews | 3h 45min ago