The Allstate Corporation announced estimated catastrophe losses for May 2025 totaling $777 million, or $614 million after-tax. These losses were attributed to 11 events, with approximately 70% related to three geographically widespread wind and hail events.
Total catastrophe losses for April and May combined reached $1.37 billion, or $1.08 billion after-tax. These figures highlight the continued impact of severe weather on the company's financial results.
A notable development in policies in force showed auto policies increasing 0.2% month-over-month and, for the first time in a while, 0.2% year-over-year to 25.226 million. Homeowners policies continued their growth, increasing 0.2% month-over-month and 2.4% year-over-year to 7.587 million, while commercial lines policies continued to decline.
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