Allstate announced estimated catastrophe losses for the month of January of $276M or $218M, after-tax. Estimated January catastrophe losses of $325M were primarily driven by two events that comprised approximately 80% of the losses, partially offset by favorable reserve reestimates for prior events.
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- Allstate Announces Catastrophe Losses, New Insurance Rates
- Allstate price target raised to $196 from $180 at Jefferies
- Allstate price target raised to $180 from $176 at Morgan Stanley
- Allstate price target raised to $172 from $164 at JPMorgan
- Allstate reports Q4 adjusted EPS $5.82, consensus $3.99
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