The Allstate Corporation, a major player in the insurance industry, has released its estimated catastrophe losses for February 2025. The company reported losses amounting to $92 million or $73 million after tax. When considering the year-to-date figures for February, total catastrophe losses reached $1.17 billion or $922 million after tax.
In terms of policy coverage, Allstate Protection continues to maintain its policies in force. It is noted that policy counts are based on items rather than individual customers, meaning a customer with multiple cars would have multiple policy counts even if insured under one policy. Lender-placed policies are excluded from these counts as they pertain to lender relationships.
Allstate routinely shares financial information and material announcements through their investor relations website at www.allstateinvestors.com.
The company also issued a statement regarding forward-looking statements included in this release. These statements anticipate results based on current estimates and assumptions but are subject to uncertainty as per the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. They caution that actual outcomes may differ materially due to various risks and uncertainties outlined in their filings with the U.S. Securities and Exchange Commission.