Allstate reports $184 million July catastrophe losses

By Ashish Tiwari

Aug 21 - (The Insurer) – The Allstate Corporation on Thursday reported estimated catastrophe losses for July of $184 million, or $145 million after tax, from 19 wind and hail events.

Total catastrophe losses for June were $619 million, or $489 million after tax, according to the insurer.

For the second quarter of 2025, losses stood at $1.99 billion, or $1.57 billion after tax, compared with $2.12 billion in the same quarter last year.

As of July 31, Allstate had nearly 38 million policies in force, a 0.7% increase year-on-year, with most policies in auto and homeowners insurance, which form the core of Allstate’s business.

In May, Allstate had secured an additional $1.5 billion limit on its nationwide excess catastrophe reinsurance program, raising the exhaustion point of the tower from just under $8 billion on the previous structure to $9.5 billion.

In the second quarter, Allstate reported a $1.28 billion P&C underwriting gain, reversing a $145 million loss a year earlier. This was driven by auto underwriting profits that rose to $1.33 billion from $370 million, offsetting narrower losses in the homeowners and commercial units.