The Allstate Corp. disclosed $235 million in pre-tax catastrophe losses for April.
Broken down, the number encompasses 11 catastrophe events that cost the insurer $229 million pre-tax, plus unfavorable reserve re-estimates for previously reported catastrophe losses.
After tax, the catastrophe loss estimate for April comes in at $153 million.
For March, Allstate booked $516 million in pre-tax catastrophe losses ($335 million after-tax), and $781 million pre-tax (508 million after-tax) catastrophe losses for the 2017 first quarter.
The Q1 catastrophe losses break down into 28 events costing $777 million pre-tax, plus unfavorable reserve re-estimates of prior reported catastrophe losses. One major hail event in March, mostly hitting Texas, accounted for one-third of catastrophe losses for the quarter, Allstate said.
For 2016, Allstate reported more than $2.5 billion in catastrophe losses, a number that reached $853 million higher than the previous year. Allstate still made money during the year, however, reporting $1.76 billion in net income.