Allstate Reports $184M in July Catastrophe Losses, Policies in Force Increase

Allstate reported $184m in July catastrophe losses, a significant decrease from last year's $587m. The losses resulted from 19 separate wind and hail events across the US. The company's policies in force increased, with homeowners policies up 2.2% YoY to 7.6 million, and auto policies up 0.6% YoY to 25.2 million.

Allstate Corporation (NYSE: ALL) reported $184 million in July catastrophe losses, a significant decrease from last year's $587 million. The losses resulted from 19 separate wind and hail events across the United States [1]. Despite this, the company's policies in force have seen an increase, with homeowners policies up 2.2% year-over-year (YoY) to 7.6 million, and auto policies up 0.6% YoY to 25.2 million [1].

The company's second-quarter 2025 earnings report showed a robust performance, with adjusted net income of $5.94 per share, beating the Zacks Consensus Estimate by 78.9% [2]. This was driven by growth in premiums and improved investment income in the Property-Liability business, offset by the sale of the Employer Voluntary Benefits unit.

Allstate's pretax income for the second quarter was $2.7 billion, up significantly from the year-ago figure of $430 million. Total policies in force as of June 30, 2025, were 208 million, growing 4% year-over-year [2].

The company's recent performance suggests a balance between steady policy growth and technological improvements, despite margin pressures from severe weather and regulatory change. However, investors should be alert to potential short-term volatility in quarterly results due to climate risks.

References:
[1] https://finance.yahoo.com/news/allstate-reports-184m-july-catastrophe-185814435.html
[2] https://www.nasdaq.com/articles/why-allstate-all-03-last-earnings-report