The Allstate Corporation, a US-based insurance and financial services provider, has announced preliminary catastrophe losses of approximately $175 million for January 2026, equivalent to $138 million after tax, primarily attributed to Winter Storm Fern.
This compares with substantially higher catastrophe losses in January 2025, when the company reported $1.08 billion, or $849 million after tax, largely driven by California wildfires.
That 2025 figure included reinsurance reinstatement premiums and an estimated California FAIR Plan assessment, net of reinsurance recoveries of $1.40 billion.
As at 31 January 2026, Allstate had 25.48 million motor insurance policies in force, slightly lower than at the end of December 2025 and up from 24.84 million a year earlier. Homeowners policies totalled 7.71 million, marginally higher month on month and up from 7.52 million in January 2025.
Other personal lines stood at 4.89 million, broadly stable compared with the prior month and slightly ahead of the previous year. Commercial lines accounted for 175,000 policies, down from 204,000 a year earlier. In total, protection policies in force reached 38.26 million, representing a 2.2% increase year on year. Policy counts are based on insured items rather than individual customers, and lender-placed policies are excluded.
In its fourth-quarter 2025 results, Allstate reported total revenues of $17.3 billion, an increase of 5.1% compared with the same period in 2024, and net income of $3.8 billion, up from $1.9 billion a year earlier. For the full year 2025, the company recorded revenues of $67.7 billion, up 5.6% year on year, and net income of $10.2 billion, compared with $4.6 billion in 2024.
Within the quarter, Property-Liability earned premiums reached $14.8 billion, reflecting higher average premiums and growth in policies in force, while underwriting income rose to $4.0 billion from $1.8 billion in the prior-year quarter. Catastrophe losses in Q4 2025 were $209 million, a 49% reduction from $410 million in Q4 2024.
