NORTHBROOK, Ill., July 16, 2015 /PRNewswire/ -- The Allstate
Corporation (NYSE: ALL) today announced estimated catastrophe
losses for the month of June 2015 of $346 million, pre-tax ($225 million after-tax). Catastrophe losses
occurring in June comprised 19 events at an estimated cost of
$310 million, pre-tax, plus increased
reserve reestimates of prior reported catastrophe losses. The
increased reserve reestimates in the month of June primarily relate
to reestimates of April and May 2015
events.
Allstate previously announced $451
million, pre-tax ($293 million
after-tax), in estimated catastrophe losses for the months of April
and May 2015, bringing estimated
catastrophe losses for second quarter 2015 to $797 million, pre-tax ($518 million after-tax). Catastrophe losses
can be higher in the second quarter of the year due to the number
of wind and hail events.
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer, protecting approximately 16
million households from life's uncertainties through auto, home,
life and other insurance offered through its Allstate, Esurance,
Encompass and Answer Financial brand names. Allstate is widely
known through the slogan "You're In Good Hands With
Allstate®." The Allstate brand's network of small
businesses offers auto, home, life and retirement products and
services to customers in the United
States and Canada.
Financial information, including material announcements about
The Allstate Corporation, is routinely posted on
www.allstateinvestors.com.
Forward-Looking Statements
This news release contains
"forward-looking statements" that anticipate results based on our
estimates, assumptions and plans that are subject to
uncertainty. These statements are made subject to the
safe-harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements do not relate
strictly to historical or current facts and may be identified by
their use of words like "plans," "seeks," "expects," "will,"
"should," "anticipates," "estimates," "intends," "believes,"
"likely," "targets" and other words with similar meanings. We
believe these statements are based on reasonable estimates,
assumptions and plans. However, if the estimates, assumptions
or plans underlying the forward-looking statements prove inaccurate
or if other risks or uncertainties arise, actual results could
differ materially from those communicated in these forward-looking
statements. Factors that could cause actual results to differ
materially from those expressed in, or implied by,
the forward-looking statements may be found in our filings
with the U.S. Securities and Exchange Commission, including the
"Risk Factors" section in our most recent Annual Report on Form
10-K. Forward-looking statements speak only as of the date on which
they are made, and we assume no obligation to update or revise any
forward-looking statement.
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SOURCE The Allstate Corporation