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ALL » Topics » Hurricane Rita

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

Hurricane Rita

        Hurricane Rita made landfall near the border of Texas and Louisiana on September 24, 2005. Catastrophe claims and claims expense estimates include losses from approximately 84,000 expected claims of which over 72,000 claims have been reported. The estimates of claims and claims expense by product are shown in the following table.

($ in millions)

   Allstate
brand
   Encompass
brand
   Total
Hurricane Rita                  
Standard auto   $ 25   $ 1   $ 26
Non-standard auto     4     —     4
Homeowners     686     10     696
Other     74     1     75
   
 
 
Total personal lines   $ 789   $ 12   $ 801
Commercial     63     N/A     63
   
 
 
Total loss estimate, net of reinsurance   $ 852   $ 12   $ 864
   
 
 

Total loss estimate, gross of reinsurance
 
$
1,102
 
$
12
 
$
1,114
Reinsurance recoverable(1)     250     —     250
   
 
 
Total loss estimate, net of reinsurance   $ 852   $ 12   $ 864
   
 
 
(1)
An affiliate of the company, Allstate Texas Lloyd's, a syndicate insurance company cedes 100% of its business net of reinsurance with external parties to Allstate Insurance Company.
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