Reinsurance News
Allstate
Allstate estimates $870m in cat losses for April
21st May 2026
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses for the month of April 2026 of $870 million or $687 million, after-tax. These losses include 10 wind and hail events, with approximately 70% of the losses related to two events. Comparably, for Read the full article
Allstate’s Q1’26 revenue hits $16.9bn as strong underwriting drives $2.4bn profit
30th April 2026
Allstate has disclosed total revenues of $16.9 billion for Q1 2026, up $489 million from the same quarter of 2025, while net income increased to $2.4 billion, reflecting strong underwriting results. Meanwhile, Allstate's policies in force reached 212 million in Q1 2026, reportedly reflecting increased growth in auto and homeowners insurance ... Read the full article
Allstate extends Nationwide occurrence cat reinsurance and adjusts aggregate protection
30th April 2026
US primary insurer Allstate extended the top of its Nationwide Per Occurrence catastrophe reinsurance tower by $2 billion to provide coverage for events up to $11.5 billion of loss at its April renewal, and also made some changes to its aggregate protection. For Allstate's main 2026-2027 Nationwide Per Occurrence tower, the ... Read the full article
Allstate estimates $1.24bn Q1’26 cat losses with March contributing $925m
17th April 2026
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has announced its estimated catastrophe losses for the first quarter of 2026, totalling $1.24 billion, or $980 million, after-tax. While the figure represents a significant impact from severe weather events, it marks a significant improvement over Read the full article
Allstate estimates $175m January 2026 winter storm losses
19th February 2026
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 ... Read the full article
Allstate revenues increase 5.1% in Q4’25 with net income reaching $3.8bn
5th February 2026
The Allstate Corporation published its financial results for the fourth quarter of 2025, reporting $17.3 billion in total revenues, 5.1% higher than the prior year quarter, and a net income of $3.8 billion, which compares to the $1.9 billion seen in the same period last year. The insurer also reported its ... Read the full article
Allstate’s total revenues reach $17.3bn in Q3’25 amid lower cat losses
6th November 2025
Allstate Corporation reported total revenues of $17.3 billion in Q3 2025, up $628 million, or 3.8%, from the same quarter in 2024. Net income applicable to common shareholders reached $3.7 billion in Q3 2025, compared with $1.2 billion in Q3 2024, reflecting strong operating performance across the enterprise. Catastrophe losses also declined ... Read the full article
Allstate restructures senior leadership to drive Property-Liability growth
2nd October 2025
The Allstate Corporation has made a series of changes to its senior leadership team, including the placement of Mario Rizzo as Chief Operating Officer, responsible for the Property-Liability and Protection Services businesses. Rizzo, who was previously President of Property-Liability, has held numerous senior roles during his 33 years at Allstate, including ... Read the full article
Allstate estimates $213m in catastrophe losses for August
18th September 2025
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 ... Read the full article
Allstate estimates $184m in catastrophe losses for July
21st August 2025
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 ... Read the full article
Allstate secures new aggregate reinsurance for US homeowners at mid-year
1st August 2025
Reflecting growing demand for aggregate risk coverage in the reinsurance market, US primary insurer Allstate has secured a new aggregate reinsurance arrangement for its US homeowners book at the mid-year renewals. The new protection includes coverage for events exceeding $1 million and provides $325 million of placed aggregate limit within a ... Read the full article
Allstate reports significant rise in net income to $2.1bn for Q2’25
31st July 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the United States, has announced robust financial results for the second quarter of 2025, highlighted by substantial underwriting income improvement across the business and improved profitability. Across the group, net income increased to $2.1 billion from $301 million in ... Read the full article
Allstate estimates $619m in cat losses for June 2025
17th July 2025
The Allstate Corporation has estimated catastrophe losses for June 2025 of $619 million or $489 million, after-tax. June’s cat losses are the result of 15 events, with approximately 70% of the losses related to three wind and hail events. In comparison, the June 2024 estimated cat losses were $230 million, which ... Read the full article
Allstate completes $1.25bn sale of Group Health business to Nationwide
4th July 2025
US primary insurer The Allstate Corporation has completed the previously announced sale of its Group Health business to Nationwide for $1.25 billion, with the transaction closing per the terms of the agreement executed on January 30th, 2025. Nationwide stated that this acquisition will serve as a foundation for its ongoing ... Read the full article
Allstate estimates May cat losses at $777m
18th June 2025
The Allstate Corporation has estimated catastrophe losses for May 2025 of $777 million or $614 million, after-tax. These losses stemmed from 11 separate events, with roughly 70% attributable to three widespread wind and hailstorms. By comparison, May 2024 saw catastrophe losses of $1.4 billion, approximately 70% of which resulted from five ... Read the full article
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