The Allstate Corporation announced estimated catastrophe losses for January 2025 totaling $1.08 billion, or $849 million after-tax. These losses included approximately $1.07 billion related to the California wildfires.
The California wildfire estimate is net of estimated reinsurance recoveries of $1.40 billion and an estimated California FAIR Plan assessment. This highlights the substantial gross impact of the wildfires, partially mitigated by reinsurance.
Regarding policies in force, auto decreased 0.4% month-over-month and 1.3% year-over-year to 24.835 million. Homeowners policies increased 0.1% month-over-month and 2.5% year-over-year to 7.521 million. Commercial lines policies saw a significant decrease of 4.2% month-over-month and 27.1% year-over-year.
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