logo
Plus   Neg
Share
Email
Comment

Allstate Estimates March Catastrophe Losses Of $335 Mln After-tax - Quick Facts

Allstate Corp. (ALL) has announced estimated catastrophe losses for the month of March 2017 of $516 million, pre-tax, or $335 million after-tax, and an estimated $781 million, pre-tax, or $508 million after-tax, for first quarter of 2017.

Catastrophe losses occurring in the first quarter of 2017 comprised 28 events at an estimated cost of $777 million, pre-tax, plus unfavorable reserve re-estimates of prior reported catastrophe losses. One severe hail event, primarily affecting the state of Texas in March, accounted for over one-third of the catastrophe losses for the quarter.

Allstate expects to file a current report on Form 8-K with the Securities and Exchange Commission announcing first quarter 2017 results on May 2.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
BlackRock Inc., the world's largest asset manager, said it plans to speak with gun makers and distributors following public outcry after the Florida high school shooting that killed 17 people. BlackRock, which had $6.3 trillion in assets under management as of December 31, 2017, holds shares in gun makers Sturm Ruger & Co. Inc. as well as American Outdoor Brands Corp. An upgraded boarding in Southwest Airline will cost you more. The airline usually not assign seats to passengers, but one can choose from an open seat. The Upgraded Boarding will allow passengers to choose from A1 - A15 boarding positions. The cost for these positions would be $30, $40 and $50, depending on flight and route. This option can be availed from the ticket counter or gate. Citigroup Inc.'s co-head of mergers and acquisitions, Peter Tague, is leaving the company, according to media reports, citing people familiar with the matter. Tague has been co-head of Global M&A business at Citigroup since March 2012, alongside Cary Kochman and Mark Shafir. It was not immediately clear what Tague intends to do after he leaves Citigroup.
comments powered by Disqus
Follow RTT