Allstate reports June catastrophe losses totaling $619 million

Allstate reports June catastrophe losses totaling $619 million

Banking & Financial Services
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Tom Wilson Chair, President and Chief Executive Officer | Official Website

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The Allstate Corporation has reported estimated catastrophe losses for June 2025, amounting to $619 million, or $489 million after tax. The losses stem from 15 events, with around 70% attributed to three wind and hail incidents. For the second quarter of 2025, total catastrophe losses reached $1.99 billion, or $1.57 billion after tax.

Allstate Protection policies are calculated based on items rather than customers, excluding lender-placed policies due to their relationship with lenders.

The corporation regularly updates financial information and material announcements on its investor website.

This release includes forward-looking statements subject to uncertainty under the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may include terms like "plans," "expects," and "estimates." They are based on reasonable assumptions but could differ materially if those assumptions prove inaccurate or if other risks arise. More details can be found in Allstate's filings with the U.S. Securities and Exchange Commission.

Allstate offers protection for autos, homes, electronic devices, and identities through various distribution channels including agents and major retailers. The company is recognized for its slogan “You’re in Good Hands with Allstate.”

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