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Allstate announces estimated catastrophe losses for May of $777M

Allstate (ALL) announced estimated catastrophe losses for the month of May of $777M or $614M, after-tax. Catastrophe losses for May include 11 events with approximately 70% of the losses related to three geographically widespread wind and hail events. Total catastrophe losses for April and May were $1.37B or $1.08B, after-tax.

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