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February 20, 2014
09:02 EDTALLAllstate reports January pre-tax catastrophe loss estimate $277M
Allstate announced estimated catastrophe losses for the month of January of $277M, pre-tax, or $180M after-tax. Catastrophe losses occurring in January comprised six events at an estimated cost of $271M, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. One of the events met the definition of a winter freeze catastrophe in one region of the country but not in other regions due to the amount of claim counts. Non-catastrophe losses in these other regions were $39M pre-tax, which will be reflected primarily in the homeowners combined ratio and the homeowners underlying combined ratio that excludes catastrophe losses and prior year reserve reestimates.
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August 28, 2014
09:57 EDTALLOn The Fly: Analyst Initiation Summary
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06:22 EDTALLAllstate initiated with a Neutral at Compass Point
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