Allstate Announces March and First Quarter 2024 Catastrophe Losses and Implemented Rates

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of March of $328 million or $259 million, after-tax. March month catastrophe losses include six events estimated at $343 million or $271 million, after-tax, with approximately 80% of the losses related to one hail event, partially offset by favorable reserve reestimates for prior events. Total catastrophe losses for the first quarter were $731 million, pre-tax. Rate