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ALL » Topics » Hurricane Katrina

This excerpt taken from the ALL 10-K filed Feb 23, 2006.

Hurricane Katrina

        Hurricane Katrina made initial landfall in Florida on August 25, 2005 and again in the states of Louisiana, Mississippi and Alabama on August 29, 2005.

        Catastrophe claims and claims expense estimates include losses from approximately 207,000 expected claims of which over 193,000 claims have been reported. The estimates of catastrophe claims and claims expense by product are shown in the following table.

($ in millions)

   Allstate
brand
   Encompass
brand
   Total
Hurricane Katrina                  
Standard auto   $ 243   $ 17   $ 260
Non-standard auto     22     1     23
Homeowners     2,794     126     2,920
Other     284     21     305
   
 
 
Total personal lines   $ 3,343   $ 165   $ 3,508
Commercial     116     N/A     116
   
 
 
Total loss estimate, net of reinsurance   $ 3,459   $ 165   $ 3,624
   
 
 

Total loss estimate, gross of reinsurance
 
$
3,461
 
$
165
 
$
3,626
Reinsurance recoverable     2     —     2
   
 
 
Total loss estimate, net of reinsurance   $ 3,459   $ 165   $ 3,624
   
 
 

47

"Hurricane Katrina" elsewhere:

Argo Group International Holdings, Ltd. (AGII)
PartnerRe (PRE)
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