Allstate Announces July 2024 Catastrophe Losses
Allstate (NYSE: ALL) has reported estimated catastrophe losses of $542 million ($428 million after-tax) for July 2024. The losses encompass 20 events, with a total estimated cost of $587 million. Notably, Hurricane Beryl contributed significantly to these losses, with an initial loss estimate of $226 million. This announcement highlights the substantial financial impact of natural disasters on the insurance giant during a single month, potentially affecting its quarterly financial performance and shareholder value.
Allstate (NYSE: ALL) ha riportato perdite stimate per catastrofi di 542 milioni di dollari (428 milioni di dollari dopo le tasse) per luglio 2024. Le perdite comprendono 20 eventi, con un costo totale stimato di 587 milioni di dollari. In particolare, l'uragano Beryl ha contribuito in modo significativo a queste perdite, con una stima iniziale di perdita di 226 milioni di dollari. Questo annuncio mette in evidenza l'impatto finanziario considerevole dei disastri naturali sul colosso assicurativo durante un singolo mese, potenzialmente influenzando le sue performance finanziarie trimestrali e il valore per gli azionisti.
Allstate (NYSE: ALL) ha reportado pérdidas estimadas por catástrofes de $542 millones ($428 millones después de impuestos) para julio de 2024. Las pérdidas abarcan 20 eventos, con un costo total estimado de $587 millones. Notablemente, el huracán Beryl contribuyó significativamente a estas pérdidas, con una estimación inicial de pérdida de $226 millones. Este anuncio destaca el impacto financiero sustancial de los desastres naturales en el gigante de los seguros durante un solo mes, lo que podría afectar su rendimiento financiero trimestral y el valor para los accionistas.
Allstate (NYSE: ALL)는 2024년 7월에 대해 $542백만 ($428백만 세후)의 추정 재해 손실을 보고했습니다. 이 손실은 20건의 사건을 포함하며, 총 추정 비용은 $587백만입니다. 특히, 허리케인 베릴이 이 손실에 상당한 기여를 했으며, 초기 손실 추정은 $226백만입니다. 이 발표는 자연 재해가 한 달 동안 보험 거대 기업에 미치는 상당한 재정적 영향을 강조하며, 이는 잠재적으로 분기 재무 성과와 주주 가치를 영향을 미칠 수 있습니다.
Allstate (NYSE: ALL) a annoncé des pertes catastrophiques estimées à 542 millions de dollars (428 millions de dollars après impôts) pour juillet 2024. Les pertes englobent 20 événements, avec un coût total estimé à 587 millions de dollars. Notamment, l'ouragan Beryl a contribué significativement à ces pertes, avec une estimation initiale de perte de 226 millions de dollars. Cette annonce souligne l'impact financier substantiel des catastrophes naturelles sur le géant de l'assurance pendant un seul mois, ce qui pourrait affecter ses performances financières trimestrielles et la valeur pour les actionnaires.
Allstate (NYSE: ALL) hat für Juli 2024 geschätzte Katastrophenschäden in Höhe von 542 Millionen US-Dollar (nach Steuern 428 Millionen US-Dollar) gemeldet. Die Verluste umfassen 20 Ereignisse mit Gesamtkosten von schätzungsweise 587 Millionen US-Dollar. Besonders der Hurrikan Beryl hat erheblich zu diesen Verlusten beigetragen, mit einer anfänglichen Verlustschätzung von 226 Millionen US-Dollar. Diese Mitteilung hebt die erheblichen finanziellen Auswirkungen von Naturkatastrophen auf den Versicherungsgiganten während eines einzelnen Monats hervor, was potenziell seine vierteljährliche finanzielle Leistung und den Wert für die Aktionäre beeinflussen könnte.
- Transparency in reporting catastrophe losses promptly
- Detailed breakdown of loss events, including Hurricane Beryl's impact
- High catastrophe losses of $542 million for July 2024
- After-tax impact of $428 million on financial performance
- Hurricane Beryl alone caused $226 million in estimated losses
Insights
Allstate's announcement of
For investors, this news may raise concerns about Allstate's profitability and risk management strategies. The frequency and severity of these events could potentially lead to increased premiums, affecting customer retention and market share. However, it's important to consider this in the context of Allstate's overall financial health and long-term performance in managing such risks.
The
Hurricane Beryl's
Catastrophe losses for July include 20 events estimated at
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
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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Nick Nottoli
Media Relations
(847) 402-5600
Allister Gobin
Investor Relations
(847) 402-2800
Source: The Allstate Corporation
FAQ
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