NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of September of $165 million or $130 million, after-tax. Catastrophe losses for the third quarter totaled $1.3 billion, pre-tax.
Catastrophe losses in September were estimated at $103 million, plus reinsurance reinstatement premium and modest unfavorable reserve reestimates. Two large wind/hail events, primarily impacting the Midwest, accounted for approximately 50% of September estimated catastrophe losses.
During the third quarter of 2021, the Company performed its annual run-off property-liability reserve review, which resulted in unfavorable reserve reestimates totaling $111 million or $88 million, after-tax, primarily related to asbestos and environmental exposures.
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