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Allstate Announces December 2019 Catastrophe Losses and Fourth Quarter Charges

Jan 16, 2020 - Business Wire

The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of December of $25 million, pre-tax ($20 million, after-tax), bringing estimated catastrophe losses for the fourth quarter 2019 to $295 million, pre-tax ($233 million, after-tax).

Estimated fourth quarter 2019 charges

In December, we announced a Transformative Growth Plan, which included a decision to phase out the use of the Esurance brand trade name. This decision resulted in a $51 milli...