Allstate Announces August 2021 Catastrophe Losses
The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of
- Anticipated reinsurance recoveries under the Nationwide Excess Catastrophe Reinsurance Program may help offset some of the losses.
- August catastrophe losses totaled $876 million, significantly impacting financial performance.
- Total catastrophic losses for July and August reached $1.1 billion pre-tax, indicating substantial financial strain.
Catastrophe losses in August comprised 11 events at an estimated cost of
Financial information, including material announcements about
Forward-Looking Statements
This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “targets” and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the
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