The Allstate Corporation has reported estimated catastrophe losses for May amounting to $777 million, or $614 million after-tax. These losses are attributed to 11 events, with about 70% resulting from three major wind and hail incidents across different regions. Combined catastrophe losses for April and May totaled $1.37 billion, or $1.08 billion after-tax.
Allstate Protection's policy counts are based on items rather than customers, excluding lender-placed policies due to the nature of relationships with lenders.
The company regularly updates financial information and significant announcements on its website at www.allstateinvestors.com.
In this release, Allstate included forward-looking statements under the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect estimates and assumptions that may change if underlying factors prove inaccurate or if new risks emerge. The company highlights that actual results could differ significantly from these projections due to various factors detailed in their SEC filings, particularly in the "Risk Factors" section of their latest annual report on Form 10-K. The forward-looking statements are based on current information as of the release date, with no obligation for future updates.