Allstate Corporation Reports $777 Million in Catastrophe Losses for May 2025, Totaling $1.37 Billion for April and May Combined

Reuters
18 Jun
Allstate Corporation Reports $777 Million in Catastrophe Losses for May 2025, Totaling $1.37 Billion for April and May Combined

The Allstate Corporation announced its estimated catastrophe losses for May, totaling $777 million or $614 million after-tax. This figure includes 11 events, with approximately 70% of the losses attributed to three widespread wind and hail events. Combined catastrophe losses for April and May reached $1.37 billion or $1.08 billion after-tax. In terms of policies in force, Allstate reported the following as of May 31, 2025: 25,226 auto policies, marking a 0.2% increase from both April 30, 2025, and May 31, 2024. Homeowners policies reached 7,587, reflecting a 0.2% rise from April and a 2.4% increase from the previous year. Other personal lines saw a slight growth of 0.1% from April, totaling 4,887, and a 0.5% increase from May 2024. However, commercial lines declined by 2.2% from April and 31.8% from the previous year, settling at 180. Overall, the total policies in force increased by 0.2% from April and 0.4% compared to May 2024, reaching 37,880.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Allstate Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250618185729) on June 18, 2025, and is solely responsible for the information contained therein.

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