The Allstate Corporation announced estimated catastrophe losses for the month of April of $632 million before taxes.
The after-tax tally is $499 million, the company said.
Six April events contributed to the totals, with 55 percent of the losses coming from two severe wind and hail events impacting roughly half the states.
Losses from those six events actually accumulated an estimated cost of $627 million before taxes ($495 million, after taxes. Allstate attributed the remaining $5 million to unfavorable prior period reserve reestimates.
Source: Allstate



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