- Allstate (ALL +0.5%) expects to record a $100M-$125M Q4 settlement (non-cash) charge as part of the annual reassessment of its pension obligations.
- As for catastrophes, it's the insurers practice to announce monthly and quarter-to-date estimates for losses when the monthly amount is expected to exceed $150M pre-tax. This threshold wasn't surpassed in November.
- Press release
Allstate: Nov. catastrophe charges less than $150M; to take Q4 pension charge
Dec 19 2013, 11:54 ET