Allstate's July & Aug CAT Loss Hits $814M, Stock Reaches 52-Week High [Yahoo! Finance]
Jackson Financial Inc. Class A (JXN)
Company Research
Source: Yahoo! Finance
The Allstate Corporation ALL recently announced total catastrophe (CAT) losses for July and August at $814 million or $643 million after taxes. For August alone, the amount was estimated at $272 million or $215 million after taxes. August year-to-date catastrophe losses came in at $3.67 billion. In the first half of 2024, its catastrophe losses dropped 35% year over year to $2.85 billion. The August catastrophe losses include 15 events estimated at $306 million. This follows July's catastrophe losses of $587 million from 20 events. Last month, it said that catastrophe losses for July included the initial loss estimate from Hurricane Beryl of $226 million. Beyond ALL's Losses Investors are showing confidence, pushing the stock to a 52-week high. The stock closed at $191 on Friday while registering a 52-week high of $193.19. The company continues to benefit from strategic rate increases, higher market-based investment income and growing insurance premiums. Improved Property-Liabi
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News
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- Jackson Wins Datos Insights Insurance Technology Impact Award [Yahoo! Finance]Yahoo! Finance
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JXN
Earnings
- 8/7/24 - Beat
JXN
Sec Filings
- 9/23/24 - Form 4
- 9/23/24 - Form 4
- 9/23/24 - Form 4
- JXN's page on the SEC website