logo
Plus   Neg
Share
Email

Allstate Corp. Reports Estimated Catastrophe Losses - Quick Facts

Allstate Corp. (ALL) reported estimated catastrophe losses for the month of
December of $25 million, pre-tax ($20 million, after-tax). This brings the estimated
catastrophe losses for the fourth quarter to $295 million, pre-tax ($233
million, after-tax).

Allstate Corp. also noted that its Transformative Growth Plan resulted in a $51 million, pre-tax charge ($40 million, after-tax) in the fourth quarter for impairment of the Esurance trade name intangible asset from the 2011 acquisition. The company noted that this amount will reduce net income but will be excluded from adjusted net income.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
California-based Sierra Soups is recalling "Pasta e Fagioli" soup mix for concerns of undeclared gluten, the U.S. Food and Drug Administration said in a statement. The soup mix contained an individually wrapped package of pasta that contains gluten, a known allergen. However, the outer packaging states the product is Gluten Free. The problem was caused by a breakdown in the packaging processes. McDonald's unveils Golden Shamrock Shake to commemorate the 50th anniversary of its Shamrock Shake. Six days after the return of the popular, mint-flavored shake, McDonald's Tuesday announced it is auctioning off a jewel-and-diamond-encrusted 18-karat gold cup, called the Golden Shamrock Shake, with... Walt Disney Co. (DIS) Tuesday announced CEO Robert Iger will step down immediately, and will be replaced by Bob Chapek. Chapek most recently served as Chairman of Disney Parks, Experiences and Products. Iger will assume the role of Executive Chairman and will "direct the company's creative endeavors,"...
Follow RTT
>