Allstate (ALL) said Thursday it estimates catastrophe losses of $889 million for September primarily due to Hurricane Helene.
For Q3, total catastrophe losses were $1.7 billion, and $4.55 billion for September year-to-date, Allstate said.
Additionally, Allstate said its annual reserve review for run-off property-liability performed during Q3 resulted in "unfavorable" reserve reestimates totaling $58 million. The company also noted that rate increases for its brand auto insurance pushed rate premiums up by 2.9% in Q3.
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