Article ID: 6c877739cb44d6a250e3ffb8e40bfa36cca735554b23b7d053b0ab987a8331e7
Source ID: primary:reinsurancene.ws
Published At: -
Extraction Method: trafilatura
URL: https://www.reinsurancene.ws/allstate-sees-may-cat-losses-ease-to-289m-after-active-april/
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The Allstate Corporation has estimated catastrophe losses of $289 million pre-tax ($228 million after-tax) for May 2026, bringing its combined catastrophe losses for April and May to $1.16 billion pre-tax ($915 million after-tax). The May 2026 catastrophe losses represent a significant slowdown from April, which came in at $870 million ($687 million after-tax) and included 10 wind and hail events. Catastrophe losses for last month also mark a large decrease from May 2025, which were $777 million ($614 million after-tax). Alongside its catastrophe loss update, Allstate reported continued growth across its core personal lines business, with total protection policies in force reaching 38.799 million at May 31, 2026, up 0.3% from the end of April and 2.4% higher than a year earlier. The insurer’s largest business, auto, ended May with 25.901 million policies in force, an increase of 96,000 policies, or 0.4%, from 25.805 million at April 30, 2026. Compared with 25.226 million policies at May 31, 2025, auto policies in force were up 2.7% year on year. Homeowners policies in force increased to 7.788 million at the end of May from 7.764 million a month earlier, representing 0.3% sequential growth. Compared with 7.587 million a year earlier, homeowners policies rose 2.6% year on year. Within other personal lines, policies in force totalled 4.930 million, up 0.2% from 4.919 million at the end of April and 0.9% above the 4.887 million reported at May 31, 2025. Meanwhile, commercial lines policies in force edged up 0.6% month on month to 180,000 from 179,000 at April 30, 2026, remaining unchanged from the 180,000 reported a year earlier. In related news, Allstate recently 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.
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