📰 Curated Industry Article
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The Allstate Corporation, a US personal property and casualty insurer, has estimated catastrophe losses of $682 million, or $539 million after tax, for July 2026.
The catastrophe loss estimate includes 23 events, with approximately 75% of the losses related to two wind and hail events.
Allstate’s July estimate is an increase from June’s figure of $563 million, or $445 million after tax.
Last month, Allstate also estimated total catastrophe losses for the second quarter of 2026 at $1.72 billion, or $1.36 billion after tax.
Year over year, estimated catastrophe losses for July 2025 were significantly lower at $184 million, or $145 million after tax, stemming from 19 wind and hail events.
Allstate also recently disclosed its results for the second quarter of 2026, with total revenues rising 11.8% year over year to $18.6 billion, while net income applicable to common shareholders increased 55.9% to $3.2 billion.
The post Allstate estimates $682m in cat losses for July appeared first on ReinsuranceNe.ws.
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📰 This article is sourced from a trusted insurance industry publication. Farmer Stockman Insurance shares this for informational purposes only. Always consult a licensed advisor for personalized guidance.
