Allstate estimates $184m in catastrophe losses for July

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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.

AllstateThe 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.

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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.

The post Allstate estimates $184m in catastrophe losses for July appeared first on ReinsuranceNe.ws.

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