Allstate reports $289 million in May losses
- Allstate (NYSE:ALL) reported $289 million in estimated catastrophe losses for May 2026, or $228 million after-tax.
- The company's shares are currently trading near $221.66, reflecting recent market movements following the loss announcement.
- Combined catastrophe losses for April and May reached $1.16 billion, while the company maintains a total policy count of 38.8 million.
The Allstate Corporation (NYSE:ALL) reported estimated catastrophe losses of $289 million, or $228 million after-tax, for the month of May.
These figures bring the total catastrophe losses for the two-month period ending May 31, 2026, to $1.16 billion, or $915 million after-tax.
The company stated that total Allstate Protection policies in force reached 38.8 million as of May 31, 2026, an increase of 0.3% from April 30, 2026.
Auto insurance policies accounted for $25.9 million of the total, while homeowners policies reached $7.8 million during the same reporting period.
Allstate noted that policy counts are based on items rather than individual customers, and that future updates on policies in force will be provided in quarterly earnings releases.
Allstate operates as a provider of personal lines insurance, including auto, home, and other property-liability coverage for customers across the United States.
The company has recently reported a strong start to the year, including first-quarter 2026 earnings per share of $10.65 on revenue of $16.94 billion.
