Allstate Announces January 2020 Catastrophe Losses

The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for the month of January of $58 million, pre-tax ($46 million, after-tax).

Catastrophe losses occurring in January comprised four events at an estimated cost of $64 million, pre-tax ($51 million, after-tax), partially offset by favorable prior period reserve reestimates.

Effective February 2020, Allstate will revert back to a catastrophe loss reporting threshold of $150 million in a calendar month. This practice is consistent with our ongoing commitment to provide transparency on material intra-quarter events, while reducing the volume of immaterial disclosures from an inherently volatile part of our business.