The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $213 million, or $168 million after tax, for the month of August.
The losses included 10 events, with approximately 70% attributable to three wind and hail events.
By comparison, Allstate estimated higher catastrophe losses for August 2024 at $272 million, or $215 million after tax.
However, the August 2025 figure is higher than July’s estimate of $184 million, or $145 million after tax.
So far, estimated losses for the third quarter of 2025 have reached $397 million, or $313 million after-tax.
The second quarter of 2025 saw significantly higher catastrophe losses, including $594 million in April, $777 million in May, and $619 million in June (all before tax), bringing the total for the quarter to $1.99 billion before tax.
Despite elevated catastrophe losses in Q2 2025, Allstate reported a significant rise in net income to $2.1 billion, up from $301 million in Q2 2024.
Additionally, at the mid-year renewals, Allstate secured a new aggregate reinsurance arrangement for its US homeowners book.
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