Allstate reports March 2025 catastrophe losses of $1.04 billion

Allstate reports March 2025 catastrophe losses of $1.04 billion

The Allstate Corporation reported estimated catastrophe losses of $1.04 billion for March 2025, which is $818 million after-tax. This figure is largely due to 11 events, with around 80% of losses stemming from four major wind and hail storms that affected different areas. During March, Allstate exceeded the retention threshold of its annual aggregate reinsurance coverage for the risk period ending on March 31, 2025. This surpassing of the retent…