{"id":963,"date":"2025-07-17T15:00:58","date_gmt":"2025-07-17T15:00:58","guid":{"rendered":"http:\/\/www.championbusinesswithjorge.com\/?p=963"},"modified":"2025-07-17T15:49:49","modified_gmt":"2025-07-17T15:49:49","slug":"allstate-estimates-619m-in-cat-losses-for-june-2025","status":"publish","type":"post","link":"http:\/\/www.championbusinesswithjorge.com\/index.php\/2025\/07\/17\/allstate-estimates-619m-in-cat-losses-for-june-2025\/","title":{"rendered":"Allstate estimates $619m in cat losses for June 2025"},"content":{"rendered":"

The Allstate Corporation has estimated catastrophe losses for June 2025 of $619 million or $489 million, after-tax.<\/p>\n

\"AllstateJune\u2019s cat losses are the result of 15 events, with approximately 70% of the losses related to three wind and hail events.<\/p>\n

In comparison, the June 2024 estimated cat losses were $230 million,<\/a> which included 18 events estimated at a total of $274 million.<\/p>\n

The losses were primarily due to widespread wind and hail events.<\/p>\n

Including the $777 million in cat losses from May<\/a> and the $594 million estimated for April,<\/a> cat losses for the second quarter of 2025 have now reached $1.99 billion before tax.<\/p>\n

\n
\n

\"Register<\/a><!–\"Download<\/a>–><\/p>\n<\/div>\n<\/div>\n

In its financial results for the first quarter of 2025, Allstate reported solid underwriting results<\/a> and disciplined risk management amid severe weather events.<\/p>\n

Robust underwriting led to an 83.1% Property-Liability underlying combined ratio, a 3.8-point improvement. However, catastrophe losses elevated the recorded combined ratio to 97.4% (up 4.4 points from Q1 2024), reducing underwriting income to $360 million from $898 million.<\/p>\n

Gross catastrophe losses reached a record $3.3 billion, with net losses at $2.2 billion after $1.1 billion in reinsurance recoveries, significantly higher than Q1 2024’s $731 million.<\/p>\n

The post Allstate estimates $619m in cat losses for June 2025<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Allstate Corporation has estimated catastrophe losses for June 2025 of $619 million or $489 million, after-tax. June\u2019s cat losses are the result of 15 events, with approximately 70% of the losses related to three wind and hail events. In comparison, the June 2024 estimated cat losses were $230 million, which included 18 events estimated […]<\/p>\n","protected":false},"author":1,"featured_media":354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/posts\/963"}],"collection":[{"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/comments?post=963"}],"version-history":[{"count":3,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/posts\/963\/revisions"}],"predecessor-version":[{"id":966,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/posts\/963\/revisions\/966"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/media\/354"}],"wp:attachment":[{"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/media?parent=963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/categories?post=963"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/tags?post=963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}