The Allstate Corporation announced estimated catastrophe losses for September 2024 of $889 million, or $702 million after-tax. These losses included $630 million pre-tax related to Hurricane Helene.
Total catastrophe losses for the third quarter of 2024 amounted to $1.70 billion, or $1.35 billion after-tax. Year-to-date catastrophe losses through September reached $4.55 billion, or $3.60 billion after-tax.
The company also completed its annual run-off property-liability reserve review during the third quarter, resulting in unfavorable reserve reestimates totaling $58 million, or $46 million after-tax. Additionally, rate increases for Allstate brand auto insurance resulted in a premium impact of 2.9% in the third quarter and 6.3% year-to-date, including approvals in New York, New Jersey, and Texas.
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