Allstate estimates $58m catastrophe losses for January 2020

US personal lines insurer Allstate Corporation's estimated catastrophe losses for the month of January 2020 are $58 million, pre-tax ($46 million, after-tax).

Catastrophe losses occurring in January comprised four events at an estimated cost of $64 million, pre-tax ($51 million, after-tax), partially offset by favorable prior period reserve re-estimates.

Earlier in December 2019, the company reported estimated catastrophe losses of $25 million, pre-tax ($20 million, after-tax).

The company said that starting February it will revert back to a catastrophe loss reporting threshold of $150 million in a calendar month.