The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $184 million or $145 million, after-tax for July.
The company reported that the cat losses stemmed from 19 wind and hail events.
By comparison, estimated catastrophe losses for July 2024 were much higher at $587 million, which included an initial $226 million loss estimate for Hurricane Beryl.
The July 2025 figure is also significantly lower than the previous month’s estimate of $619 million or $489 million, after-tax.
Including the $777 million in catastrophe losses from May and the $594 million estimated for April, losses for the second quarter of 2025 totalled $1.99 billion before tax.
Additionally, in May, Allstate lifted the top of its catastrophe reinsurance tower by around $1.6 billion to $9.5 billion of loss, excess a $1 billion retention.
At the mid-year renewals, Allstate secured a new aggregate reinsurance arrangement for its US homeowners book.
