HVRRF - May Hail Drives Allstate's Pre-Tax Q2 Catastrophe Losses To $757 Million

• Severe weather and hail storms are the key drivers of May’s catastrophe toll, with two large hail events responsible for roughly 60% of Allstate’s May catastrophe losses.
• May was a much less severe month for Allstate, in terms of catastrophe losses, than April, when the insurer had reported $544 million of net catastrophe losses for that month.
• Allstate has been experiencing elevated catastrophe losses through most of 2021 to-date, largely due to the winter storms and Texas freeze event, but then also large hail has become the main driver through April and May.

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