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Assurant projects $36M of after-tax cat losses in Q3

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Assurant projects $36M of after-tax cat losses in Q3

Assurant Inc. expects to incur about $46 million pretax, or $36 million after-tax, of reportable catastrophe losses for the third quarter.

Most of the losses came from the company's global housing segment and are primarily related to Hurricane Dorian.

Assurant expects pretax reportable catastrophe losses of $33 million from Hurricane Dorian, $7 million from Tropical Storm Imelda, and $6 million from a net increase in reportable catastrophes from events in 2017 and 2018.

Individual catastrophic events that generate losses of over $5 million, pretax, net of reinsurance and client profit sharing adjustments and including reinstatement and other premiums, are included in Assurant's reportable catastrophe losses.