{"id":259,"date":"2025-06-18T15:00:35","date_gmt":"2025-06-18T15:00:35","guid":{"rendered":"https:\/\/slototube.com\/?p=259"},"modified":"2025-06-18T15:07:15","modified_gmt":"2025-06-18T15:07:15","slug":"allstate-estimates-may-cat-losses-at-777m","status":"publish","type":"post","link":"https:\/\/slototube.com\/index.php\/2025\/06\/18\/allstate-estimates-may-cat-losses-at-777m\/","title":{"rendered":"Allstate estimates May cat losses at $777m"},"content":{"rendered":"

The Allstate Corporation has estimated catastrophe losses for May 2025 of $777 million or $614 million, after-tax.<\/p>\n

\"\"These losses stemmed from 11 separate events, with roughly 70% attributable to three widespread wind and hailstorms.<\/p>\n

By comparison, May 2024 saw catastrophe losses of $1.4 billion<\/a>, approximately 70% of which resulted from five major wind and hail events, primarily impacting Texas, Colorado, and Illinois.<\/p>\n

Including the $594 million in catastrophe losses from April 2025<\/a>, the combined total for April and May 2025 amounts to $1.37 billion, or $1.08 billion after tax.<\/p>\n

In its Q1 2025 results, Allstate reported solid underwriting and disciplined risk management, even in the face of severe weather events<\/a>.<\/p>\n

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The company led with robust performance in underwriting, reporting a Property-Liability underlying combined ratio of 83.1%, which was an improvement of 3.8 points over Q1 2024.<\/p>\n

However, gross catastrophe losses hit a record $3.3 billion for the insurer in Q1 2025, although $1.1 billion in reinsurance recoveries pushed net cat losses down to $2.2 billion in the quarter, which is still far higher than the $731 million of net cat losses recorded in Q1 2024.<\/p>\n

The post Allstate estimates May cat losses at $777m<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Allstate Corporation has estimated catastrophe losses for May 2025 of $777 million or $614…<\/p>\n","protected":false},"author":1,"featured_media":261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reinsurance"],"_links":{"self":[{"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/posts\/259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/comments?post=259"}],"version-history":[{"count":3,"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/posts\/259\/revisions"}],"predecessor-version":[{"id":265,"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/posts\/259\/revisions\/265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/media\/261"}],"wp:attachment":[{"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/media?parent=259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/categories?post=259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slototube.com\/index.php\/wp-json\/wp\/v2\/tags?post=259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}