February 2025 Monthly Release

Rhea-AI Summary

Allstate (NYSE: ALL) has reported its catastrophe losses for February 2025. The company incurred estimated catastrophe losses of $92 million ($73 million after-tax) for the month. The year-to-date catastrophe losses through February reached $1.17 billion ($922 million after-tax).

Positive

• None.

Negative

• Significant catastrophe losses of $92 million in February 2025
• High year-to-date catastrophe losses of $1.17 billion through February

Insights

Insurance Risk Analyst

Allstate's February catastrophe losses reached $92 million ($73 million after-tax), while year-to-date catastrophe losses through February totaled $1.17 billion ($922 million after-tax). This substantial year-to-date figure represents significant claims activity in the first two months of 2025.

The magnitude of these losses warrants attention from investors focused on Allstate's underwriting performance. Catastrophe losses directly impact an insurer's combined ratio and quarterly profitability. Without comparative historical data or industry benchmarks in this release, it's difficult to assess whether these losses exceed seasonal expectations or how they compare to internal projections.

The incomplete statement regarding "Allstate Protection policies in force" without accompanying data represents a notable gap in disclosure that would typically indicate the size and growth trajectory of the company's policy base.

For context, catastrophe loss reporting is standard practice in the insurance industry, providing transparency into risk exposure from severe weather events and other disasters. These losses will factor into Q1 earnings expectations and may influence how analysts assess Allstate's risk management effectiveness and premium adequacy.

While $1.17 billion in year-to-date catastrophe losses is substantial in absolute terms, its financial impact should be evaluated relative to Allstate's premium volume, loss reserves, and reinsurance coverage that may offset portions of these losses.

NORTHBROOK, Ill.--(BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of February of $92 million or $73 million, after-tax. Total catastrophe losses for February year-to-date were $1.17 billion or $922 million, after-tax.

Allstate Protection policies in force are as follows:

Allstate Protection Policies in Force (1)
(in thousands)		February 28, 2025		January 31, 2025		February 29, 2024		Feb 28. 2025 v Jan. 31, 2025			Feb. 28, 2025 v Feb. 29, 2024
Auto		24,894		24,835		25,115		0.2	%		(0.9	)%
Homeowners		7,537		7,521		7,354		0.2	%		2.5	%
Other personal lines		4,873		4,866		4,853		0.1	%		0.4	%
Commercial lines		196		204		276		(3.9	)%		(29.0	)%
Total		37,500		37,426		37,598		0.2	%		(0.3	)%

(1)

Policy counts are based on items rather than customers. A multi-car customer would generate multiple item (policy) counts, even if all cars were insured under one policy. Lender-placed policies are excluded from policy counts because relationships are with the lenders.

Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

Forward-Looking Statements

This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “targets” and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” section in our most recent annual report on Form 10-K. Forward-looking statements are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250320434866/en/

Nick Nottoli

Media Relations

(847) 402-5600

Allister Gobin

Investor Relations

(847) 402-2800

Source: The Allstate Corporation

FAQ

What are Allstate's (ALL) catastrophe losses for February 2025?

Allstate reported $92 million in catastrophe losses ($73 million after-tax) for February 2025.

How much are Allstate's (ALL) year-to-date catastrophe losses through February 2025?

Allstate's year-to-date catastrophe losses through February 2025 totaled $1.17 billion ($922 million after-tax).

What impact do the February 2025 catastrophe losses have on Allstate (ALL)?

The $92 million in catastrophe losses represent significant weather-related claims and damages that directly impact Allstate's financial performance.

Where can investors find additional financial information about Allstate (ALL)?

Material financial announcements about Allstate are routinely posted on www.allstateinvestors.com.