The Allstate Corporation, a major player in the insurance industry, reported significant estimated catastrophe losses for February 2025. The company announced that these losses amounted to $92 million, which translates to $73 million after taxes. This brings the total catastrophe losses for the year so far to $1.17 billion, or about $922 million after taxes.
In terms of policies, Allstate’s Protection segment continues to show interesting trends. As of February 28, 2025, the company had nearly 37.5 million policies in force. This includes approximately 24.9 million auto insurance policies, which is a slight increase of 0.2% compared to the previous month but a decrease of 0.9% from the same time last year.
Homeowners insurance policies also saw a small growth, with about 7.5 million policies in force, reflecting a 0.2% increase from January 2025 and a more substantial 2.5% rise from February 2024. Other personal lines of insurance, which include various types of coverage, showed a modest increase of 0.1% month-over-month and 0.4% year-over-year, totaling nearly 4.9 million policies.
However, commercial lines of insurance faced a significant decline. The number of commercial policies dropped to 196, a 3.9% decrease from January and a staggering 29% drop from February 2024.
Overall, while Allstate’s auto and homeowners insurance segments are performing steadily, the commercial insurance area is struggling. This mixed performance highlights the challenges the company faces amid changing market conditions and increasing catastrophe losses.
For those interested in more financial details or updates from Allstate, the company routinely shares information on its investor website. As always, potential investors should be mindful that forward-looking statements made by the company are based on estimates and assumptions that could change, impacting actual results.