Updated from 6:48 a.m. EDT

NORTHBROOK, Illinois ( TheStreet) -- Insurance company Allstate ( ALL) said Monday it swung to a second-quarter loss of $620 million, or $1.19 a share, as it recorded $2.3 billion in catastrophe losses.

Allstate said Monday it experienced 33 catastrophe loss events including five tornadoes, three wildfires and 25 wind/hailstorms in the second quarter.

Excluding catastrophe losses and year reserve re-estimates in the prior year, the combined ratio improved to 87.5 during the second quarter from 88.1 a year earlier. . A ratio above 100 means that for every premium dollar taken in, more than a dollar went to cover claims and expenses. A figure below 100 means the company made a profit on its insurance operations.

Allstate said the adjusted loss in the quarter was $1.23 a share. Analysts surveyed by Thomson Reuters expected a loss of $1.56 a share.

In the year-earlier second quarter, Allstate earned $145 million, or 27 cents a share.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.
Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

If you liked this article you might like

From Catalogs to Catastrophe: A Sears Timeline

From Catalogs to Catastrophe: A Sears Timeline

Wall Street Volatility, Disney, Snap and Steve Wynn - 5 Things You Must Know

Wall Street Volatility, Disney, Snap and Steve Wynn - 5 Things You Must Know

Investors Are Trying to Figure Out the 'Powell Put'

Investors Are Trying to Figure Out the 'Powell Put'

California's Wild Fires Could Cost Insurance Companies Shocking Amounts

California's Wild Fires Could Cost Insurance Companies Shocking Amounts

Drop Tests Reveal the iPhone X Is Apple's 'Most Breakable' Phone Ever

Drop Tests Reveal the iPhone X Is Apple's 'Most Breakable' Phone Ever