The Allstate Corporation (ALL) released estimates of catastrophe losses for April 2024. The metric is expected to be $494 million, pre-tax, or at an after-tax figure of $390 million.Catastrophe losses encompassed 11 incidents, estimated to total $491 million, with around 80% of these losses stemming from four events involving wind, hail or tornadoes.The incidence of such catastrophe losses dampens an insurer’s underwriting profits and subsequently, the combined ratio. Softer underwriting results may also ex ...