{"id":381,"date":"2025-05-15T14:15:01","date_gmt":"2025-05-15T14:15:01","guid":{"rendered":"http:\/\/xinetica.com\/?p=381"},"modified":"2025-05-15T14:28:20","modified_gmt":"2025-05-15T14:28:20","slug":"allstate-estimates-cat-losses-for-april-at-594m","status":"publish","type":"post","link":"http:\/\/xinetica.com\/index.php\/2025\/05\/15\/allstate-estimates-cat-losses-for-april-at-594m\/","title":{"rendered":"Allstate estimates cat losses for April at $594m"},"content":{"rendered":"

The Allstate Corporation has revealed estimated catastrophe losses for April 2025 of $594 million or $469 million, after-tax.<\/p>\n

\"AllstateAccording to the firm, catastrophe losses for April 2025 included 11 events, with approximately 60% of the losses related to two geographically widespread wind and hail events.<\/p>\n

In comparison, Allstate’s catastrophe losses in April 2024 totalled $494 million, or $390 million after tax<\/a>. That month also saw 11 events, with around 80% of the losses, valued at $491 million, linked to four significant wind, hail, or tornado events.<\/p>\n

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

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

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However, gross catastrophe losses hit a record $3.3 billion for the insurer in Q1 2025<\/a>, 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

Allstate’s Q1 2025 recorded a combined ratio of 97.4% was 4.4 points higher than in Q1 2024, and underwriting income totalled $360 million, significantly down from $898 million a year earlier, primarily due to catastrophic events.<\/p>\n

The US primary insurer also completed the placement of its 2025-2026 Nationwide Excess Catastrophe Reinsurance Program this month<\/a>, lifting the top of the tower by around $1.6 billion to $9.5 billion of loss, excess a $1 billion retention.<\/p>\n

The post Allstate estimates cat losses for April at $594m<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Allstate Corporation has revealed estimated catastrophe losses for April 2025 of $594 million or $469 million, after-tax. According to […]<\/p>\n","protected":false},"author":1,"featured_media":383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/381"}],"collection":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=381"}],"version-history":[{"count":3,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/381\/revisions"}],"predecessor-version":[{"id":386,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/381\/revisions\/386"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/383"}],"wp:attachment":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=381"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}