Allstate Announces Estimated April 2024 Catastrophe Losses of $494M or $390M, After-Tax
Portfolio Pulse from Benzinga Newsdesk
Allstate has announced estimated catastrophe losses for April 2024 amounting to $494 million, or $390 million after tax.
May 16, 2024 | 11:51 am
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Allstate has reported significant estimated catastrophe losses for April 2024, totaling $494 million, or $390 million after tax. This could negatively impact the company's short-term financial performance and stock price.
The announcement of substantial catastrophe losses is likely to negatively impact Allstate's financial performance in the short term. Investors may react by selling off shares, leading to a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100