Allstate Announces April Catastrophe Loss Estimate of $1.4B

The Allstate Corporation ALL today announced $1.4 billion in estimated catastrophe losses for the month of April. April catastrophe losses included 13 events in the United States and Canada, with the largest losses from tornadoes in Alabama, Arkansas, Georgia and Virginia that occurred in the last week of the month. Estimated April catastrophe losses totaled about $1.37 billion for the Allstate brand and about $30 million for Encompass brand. In the future, Allstate plans to announce monthly and quarter-to-date estimates for catastrophe losses when monthly catastrophe losses are estimated to exceed $150 million.