Insurer Storm Costs Exceed $8 Billion, Led by Allstate: Table

Insurers have reported losses of more than $8 billion from U.S. natural disasters in April and May including the Joplin, Missouri, tornado that killed at least 150 people.

Allstate Corp. (ALL), the largest publicly traded U.S. home and auto insurer, reported pretax losses of $2 billion from claims in those two months. American Family Insurance and FM Global today disclosed a combined total of more than $1 billion in costs. The table below, compiled from more than 20 company statements, lists projected losses from insurers and reinsurers.

Company                                              Cost

Allstate                                               2,000
State Farm#                                            1,750
Travelers Cos.*                                  1,000-1,050
Zurich FinancialX                                        695
American Family Insurance^                               623
Liberty Mutual*+                                     350-450
FM Global^                                               400
Chubb Corp.                                          250-310
Cincinnati Financial                                 240-290
MetLife Inc.*                                        160-180
State Auto Financial                                 120-135
Progressive                                              102
Allianz SE>                                               85
Hanover Insurance+                                     70-85
Assurant Inc.                                          65-75
Unitrin Inc.+                                          65-75
XL Group Plc.                                          50-75
Partner Re Ltd. +                                      50-70
W.R. Berkley Corp.                                        65
Aspen Insurance Holdings*                                 60
Horace Mann Educators Corp.                            45-50
Hannover Re                                               45
Farm Bureau Town & Country of Mo.^                        37
Alterra                                                18-28
Selective Insurance+                                      25

Total                                            8,370-8,760

Notes: Some names have been abbreviated for space.
Some totals were converted from euros on the day of the
announcement.
*After taxes.
+ Only accounts for storms in April.
^Disclosed in interview
# Sum covers payments made already.
X Includes $400 million from Farmers Exchanges, which is managed
by a unit of Zurich.
>Projection was made before Joplin, Missouri, tornado

To contact the reporter on this story:
Brooke Sutherland in New York at 
Bsutherland5@bloomberg.net

To contact the editor responsible for this story:
Dan Kraut at  dkraut2@bloomberg.net



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