Allstate's July & Aug CAT Loss Hits $814M, Stock Reaches 52-Week High

The Allstate Corporation (ALL) recently announced total catastrophe (CAT) losses for July and August at $814 million or$643 million after taxes. For August alone, the amount was estimated at $272 million or$215 million after taxes. August year-to-date catastrophe losses came in at $3.67 billion.In the first half of 2024, its catastrophe losses dropped 35$2.85 billion. The August catastrophe losses include 15 events estimated at $306 million. This follows July’s catastrophe losses of$5 ...