Allstate Corporation disclosed that its October 2025 catastrophe loss estimate totaled $83 million, or $65 million after‑tax, stemming from five wind and hail events across the United States. The estimate reflects the company’s most recent assessment of the impact of severe weather on its property‑liability portfolio.
The October losses represent a sharp rise over the prior month’s losses, underscoring the volatility of Allstate’s underwriting book. While the exact September figure is not publicly disclosed, the jump signals heightened exposure to weather‑related risk during the fall season.
The $83 million loss is expected to weigh on underwriting income and capital adequacy for the quarter. Allstate’s management indicated that the event will prompt a review of pricing and reinsurance strategies to mitigate future exposure, a common response to significant catastrophe losses in the insurance industry.
Allstate’s broader financial health remains robust. The company’s market capitalization stands at $54.93 billion, and it reported modest growth in its policy portfolio in October 2025, with total protection policies in force rising 1.4% year‑over‑year to 38.15 million. Revenue for the quarter remained strong, driven by growth in auto and homeowners lines, offsetting the impact of the catastrophe losses.
CEO Tom Wilson emphasized the company’s focus on operational excellence and risk management, noting that Allstate’s “Transformative Growth” strategy will continue to guide pricing and underwriting decisions. The leadership team remains confident that the company can absorb the October losses while maintaining its long‑term capital position.
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