The Allstate Corporation announced estimated catastrophe losses for April 2025 totaling $594 million, or $469 million after-tax. These losses stemmed from 11 events, with approximately 60% related to two geographically widespread wind and hail events. This indicates a continued impact from severe weather on the company's financial performance.
Cumulatively, total catastrophe losses for April and May reached $1.37 billion, or $1.08 billion after-tax. This highlights the ongoing challenges posed by natural disasters in the current operating environment. Investors monitor these figures closely for their effect on underwriting results.
Despite the significant catastrophe losses, Allstate Protection policies in force continued to show modest growth. Auto policies increased by 0.3% to 25,175 thousand compared to March 31, 2025, and homeowners policies grew by 0.3% to 7,571 thousand. Total Allstate Protection policies in force increased by 0.3% to 37,812 thousand, demonstrating continued customer acquisition and retention efforts.
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