Allstate announces May catastrophe loss estimate

Estimated May losses of $440M pre-tax ($286M after) for Allstate (ALL) come from 11 events costing $400M plus unfavorable reserve re-estimates of prior period cat losses. Combined losses for April and May foot to $720M pre-tax ($468M after).

One year ago, April and May combined for $539M of pre-tax losses ($350M after).

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