Allstate Announces Catastrophe Losses for 1Q17 and March

|By:, SA News Editor

The Allstate Corporation (ALL+0.4%) announced March estimated catastrophe of $335M PAT ($516M PBT); 1Q17 loss estimated at $508M PAT; ($781M PBT).

One severe hail event out of total 28 events, primarily affected the state of Texas in March, accounted for over one-third of the catastrophe losses for the quarter.