Allstate Q2 cat losses exceed expectations at $960mn
US insurance giant Allstate has disclosed second quarter catastrophe losses of pre-tax $960mn as primary carriers continue to report figures in excess of analyst expectations.
Allstate said that four events accounted for over half of the loss for the quarter. Around $440mn of claims are estimated for June, the insurer said.
The headline cat loss figure is comfortably ahead of the $643mn that had been estimated by Stifel Nicolaus analyst Meyer Shields.
Allstate's announcement follows hard on the heels of...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
