The Allstate Corporation announced estimated catastrophe losses for March 2025 totaling $1.04 billion, or $818 million after-tax. These losses were attributed to 11 events, with approximately 80% related to four geographically widespread wind and hail events.
In March, Allstate surpassed the retention level of its annual aggregate reinsurance cover for the annual risk period ending March 31, 2025. This means the company expects to receive significant recoveries from its reinsurance program.
The activation of the annual aggregate reinsurance cover is a critical component of Allstate's risk management strategy, designed to mitigate the financial impact of severe weather events and reduce earnings volatility for shareholders.
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