Allstate records nearly $1.2bn in Q3 cat losses after September clocks in at $317mn

19 October 2023

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Personal lines giant Allstate recorded cat losses of $317mn in September from 17 events, bringing its Q3 total to $1.18bn.

Most of the losses, around 80%, were the result of two wind and hail events and were partially offset by favorable reserve re-estimates for prior events, Allstate said Thursday.

Third-quarter

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Allstate records nearly $1.2bn in Q3 cat losses after September clocks in at $317mn

Personal lines giant Allstate recorded cat losses of $317mn in September from 17 events, bringing its Q3 total to $1.18bn.

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Allstate records nearly $1.2bn in Q3 cat losses after September clocks in at $317mn

Personal lines giant Allstate recorded cat losses of $317mn in September from 17 events, bringing its Q3 total to $1.18bn.

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Fuel a smarter strategy with our actionable market intelligence

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PFZW’s ILS investments return 11.7% year-to-date

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CoreLogic pegs Milton insured loss at $17bn-$28bn