Allstate announces estimated catastrophe losses for June of $1.01B

Allstate announced estimated catastrophe losses for the month of June of $1.01B or $799M, after-tax. June month catastrophe losses include 18 events estimated at $1.13B, with approximately 60% of the losses related to four wind and hail events, partially offset by favorable reserve reestimates for prior events. Total catastrophe losses for the second quarter were $2.7B, pre-tax. Unfavorable prior year reserve reestimates, excluding catastrophes, totaled $181M in the second quarter with approximately $148M related to National General brand, primarily driven by personal auto injury coverages, and approximately $31M related to litigation activity in the state of Florida. During the month of June, the Allstate brand implemented auto rate increases of 11.6% across 12 locations, resulting in total brand premium impact of 2.6%.