Allstate reports April catastrophe losses totaling $594 million

Allstate reports April catastrophe losses totaling $594 million

Banking & Financial Services
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Elizabeth Brady Executive Vice President, Chief Marketing, Customer and Communications Officer | Allstate

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The Allstate Corporation has reported estimated catastrophe losses for April 2025, amounting to $594 million or $469 million after tax. The month saw 11 catastrophic events, with about 60% of the losses attributed to two significant wind and hail events that affected a wide geographical area.

Allstate Protection's policy counts are based on items rather than customers. For instance, a customer with multiple cars would generate several policy counts even if all vehicles are insured under one policy. Lender-placed policies are not included in these counts as they pertain to relationships with lenders.

Financial information and material announcements about The Allstate Corporation are regularly posted on their investor relations website.

The release also includes forward-looking statements that predict results based on estimates, assumptions, and plans subject to uncertainty. These statements fall under the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Words like "plans," "expects," "will," and similar terms identify these forward-looking statements. While believed to be reasonable, if underlying estimates or assumptions prove inaccurate, actual results could differ significantly from those projected. Factors influencing these outcomes can be found in filings with the U.S. Securities and Exchange Commission, particularly in the "Risk Factors" section of their latest annual report on Form 10-K. Forward-looking statements reflect conditions as of their date and do not obligate updates or revisions.

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