Allstate Announces $748 Million August Cat Losses, About Half Tied to One Event

Allstate has released its latest monthly catastrophe-loss figure: $748 million or $591 million, after-tax. The same release states that total catastrophe losses for July and August were $1.43 billion or $1.13 billion, after-tax. Set beside the earlier monthly releases and the quarter totals that the company itself states, the figures set out how the losses were spread across the months the releases cover and how the company describes the events behind them.

Latest Release Centres on a Single Wind and Hail Event

In the latest monthly release, Allstate announced estimated catastrophe losses for the month of August of $748 million or $591 million, after-tax. The release also describes what stands behind that figure, stating that losses for August include 21 events with approximately 50% of the losses related to one wind and hail event.

Each release in the series gives its amount twice, joined by the word or, with the second figure labelled after-tax. This article quotes the amounts exactly as they are worded and adds nothing to them, so every number that follows is one the company itself has stated.

The latest release also carries a combined figure that spans the latest month and the one before it. The wording is that total catastrophe losses for July and August were $1.43 billion or $1.13 billion, after-tax. That combined amount is the one the release itself states.

The other month inside that combined figure is described in the preceding monthly release, where Allstate announced estimated catastrophe losses for the month of July of $682 million or $539 million, after-tax. That release states that losses for July include 23 events with approximately 75% of the losses related to two wind and hail events. Laid next to each other, the two releases give a monthly amount, an event count and an approximate share for each month, so a reader can set them side by side directly.

Earlier Monthly Releases and the Quarter Totals Allstate States Itself

The earlier releases can be read in order. In the earliest release covered here, Allstate announced estimated catastrophe losses for the month of January of $175 million or $138 million, after-tax, primarily related to Winter Storm Fern. In the next monthly release, it announced estimated catastrophe losses for the month of February of $140 million or $111 million, after-tax, and the release states that total catastrophe losses for January and February were $315 million or $249 million, after-tax.

The following release includes an event breakdown alongside the monthly amount. In the release that stated the first-quarter total, Allstate announced estimated catastrophe losses for the month of March of $925 million or $731 million, after-tax, from 15 wind and hail events with approximately 80% of the losses related to three events. The same release states that total catastrophe losses for the first quarter were $1.24 billion or $980 million, after-tax.

The next releases carry the sequence forward. In the following monthly release, the company announced estimated catastrophe losses for the month of April of $870 million or $687 million, after-tax, from 10 wind and hail events with approximately 70% of the losses related to two events. The release after that gives the next monthly amount, estimated catastrophe losses for the month of May of $289 million or $228 million, after-tax, together with a combined statement that total catastrophe losses for April and May were $1.16 billion or $915 million, after-tax.

In the release that stated the second-quarter total, the company announced estimated catastrophe losses for the month of June of $563 million or $445 million, after-tax, and states that total catastrophe losses for the second quarter were $1.72 billion or $1.36 billion, after-tax.

Read in sequence, the releases quote amounts for single months, for combined stretches of months and for whole quarters, all in the company’s own wording. Where a release breaks the losses down by event, the wording gives a count of events, followed by an approximate share of the losses tied to one or a few of them. That form appears in several of the entries quoted above, including the latest one. Because the combined and quarterly totals are stated in the releases, they can be quoted directly rather than assembled from the monthly amounts, and that is how they are used here.

In unrelated recent coverage, we reported on industry-wide insured natural catastrophe losses, a broader frame than the monthly releases of a single insurer.

Earnings Release Language on Homeowners Underwriting and Catastrophe Losses

The monthly releases and the earnings release are separate documents. The second-quarter earnings release describes the homeowners business in these words: “Allstate Protection homeowners insurance remains a competitive advantage and continues to deliver profitable growth. Underwriting profit of $226 million increased from a loss of $76 million in the prior year quarter, reflecting higher earned premiums and lower catastrophe losses.”

In that passage, lower catastrophe losses appear alongside higher earned premiums in the company’s description of what the homeowners underwriting profit reflects. This article takes the wording as stated and draws nothing further from it.

Elsewhere in the release, the net income sentence reads: “Net income applicable to common shareholders was $3.2 billion in the second quarter of 2026, compared to $2.1 billion in the prior year quarter, reflecting strong underwriting results.” The revenue sentence in the same release lists higher average homeowners insurance prices among the items that the revenue increase reflects.

In a separate development, we published a piece on homeowners premium and nonrenewal data. In unrelated coverage, our reporting on US personal-lines profitability looked at personal-lines results across the US property and casualty market. In a separate item, our earlier coverage of the Allstate CFO appointment dealt with an executive change at the company.

For readers tracking the monthly series, the practical point is to take each figure from its own release, with the month stated in the sentence that carries it, and to quote the company’s combined totals where they exist rather than adding monthly amounts together.

Frequently Asked Questions

Sources

• Allstate — latest monthly catastrophe-loss release (SEC filing)
• Allstate — preceding monthly catastrophe-loss release (SEC filing)
• Allstate — release with the second-quarter catastrophe-loss total (SEC filing)
• Allstate — release with the first-quarter catastrophe-loss total (SEC filing)
• Allstate — second-quarter earnings release (SEC filing)