Allstate Announces May 2021 Catastrophe Losses

The Allstate Corporation (NYSE: ALL) announced estimated catastrophe losses for the month of May of $213 million pre-tax, or $168 million, after-tax. Catastrophe losses for April and May totaled $598 million, after-tax.

Catastrophe losses in May comprised seven events at an estimated cost of $193 million plus unfavorable prior period reserve estimates. Two large hail events, primarily impacting Texas, accounted for approximately 60% of May estimated catastrophe losses.

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Forward-Looking Statements

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