Allstate (ALL) announces after-tax catastrophe loss estimates of $250 million in April 2022. Simultaneously, it pursues rate hikes to benefit premiums in the same month.
NORTHBROOK, Ill., May 19, 2022--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of April of $316 million or $250 million, after-tax. April catastrophe losses included fourteen events, primarily wind, hail and tornados in Texas and the southeast, estimated at $299 million, plus unfavorable reserve reestimates for prior period events.
RenaissanceRe's (RNR) higher gross premiums at the Casualty and Specialty segment and a better combined ratio reflect an improving business scenario.