other material
confidence high
sentiment negative
materiality 0.50
Allstate reports $1.08B January catastrophe losses; $1.07B from California wildfires
ALLSTATE CORP
- Estimated January catastrophe losses of $1.08B pre-tax ($849M after-tax).
- California wildfires contributed ~$1.07B; net of $1.40B reinsurance recoveries.
- Auto policies in force down 1.3% YoY to 24.835M; homeowners up 2.5% to 7.521M.
- Total policies in force fell 0.5% YoY to 37.426M; commercial lines dropped 27.1% YoY.