Allstate sees Q2 net loss of $1.4bn driven by heavy cat losses of $2.7bn
Reinsurance News - Aug 02, 2023
Allstate Corporation has reported a Q2 net loss applicable to common shareholders of $1.4 billion, chiefly driven by increased underwriting losses due to a massive catastrophe hit, which totalled $2.7 billion for the quarter. Compared, Allstate’s catastrophe losses in Q2 last year were $1.1 bi...
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