The Allstate Corporation reported estimated catastrophe losses of $1.04 billion for March 2025, which is $818 million after-tax. This figure is largely due to 11 events, with around 80% of losses stemming from four major wind and hail storms that affected different areas.
During March, Allstate exceeded the retention threshold of its annual aggregate reinsurance coverage for the risk period ending on March 31, 2025. This surpassing of the retention level is expected to result in recoveries of approximately $123 million which will ameliorate March's catastrophe losses. For the first quarter of 2025, total catastrophe losses amounted to $2.20 billion or $1.74 billion after-tax.
The company's policy counts are determined by the number of items rather than customers, with multi-car customers generating multiple policy counts despite having a single policy. Lender-placed policies are not included in these counts as they concern relationships with lenders, not individual customers.
Allstate routinely updates and posts its financial information and important announcements on its investor relations website. The corporation's news release also includes “forward-looking statements” which are predictions based on estimates, assumptions, and plans, subject to specific uncertainties and risks. These forward-looking statements conform to the safe-harbor guidelines set by the Private Securities Litigation Reform Act of 1995. Any actual outcomes may vary significantly due to various factors detailed in Allstate's filings with the U.S. Securities and Exchange Commission.
The company explicitly states that as of the date of making these forward-looking statements, it does not intend to revise or update them in the future.