The Allstate Corporation announced estimated catastrophe losses for October 2024 totaling $286 million, or $226 million after-tax. These losses included a $102 million pre-tax impact from Hurricane Milton.
The October figures also incorporated unfavorable reserve reestimates of $144 million pre-tax related to Hurricane Helene, primarily affecting Georgia, South Carolina, and North Carolina. This indicates ongoing financial adjustments from prior severe weather events.
Total catastrophe losses for the year-to-date through October reached $4.84 billion, or $3.82 billion after-tax. These figures underscore the continued financial pressure from natural disasters on Allstate's underwriting results.
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