Allstate Corporation, a U.S. insurance and financial services provider, announced preliminary catastrophe losses of approximately $175 million in January 2026, equivalent to $138 million after tax, mainly due to Winter Storm Fern.
By comparison, catastrophe losses were much higher in January 2025, when the company reported losses of $1.08 billion, or $849 million after taxes, primarily caused by the California wildfires.
The 2025 figures include reinsurance reinstatement premiums and estimated California FAIR program assessments, net of reinsurance recoveries of $1.4 billion.
Allstate had 25.48 million auto insurance policies in effect as of January 31, 2026, down slightly from the end of December 2025 but up from 24.84 million a year ago. The total number of homeowners policies was 7.71 million, a slight increase from the previous month and up from 7.52 million in January 2025.
Other personal quotas were 4.89 million households, which was basically stable month-on-month and slightly higher than the previous year. The number of commercial insurance policies was 175,000, down from 204,000 in the same period last year. A total of 38.26 million protection policies have been in effect, a year-on-year increase of 2.2%. Policy counts are based on lines of insurance rather than individual customers and do not include policies placed by lenders.
In its fourth-quarter 2025 results, Allstate reported total revenue of $17.3 billion, up 5.1% from the same period in 2024, and net income of $3.8 billion, up from $1.9 billion a year earlier. For the full year of 2025, the company’s revenue was US$67.7 billion, a year-on-year increase of 5.6%, and net profit was US$10.2 billion, compared with US$4.6 billion in 2024.
Premiums earned from property and liability insurance reached $14.8 billion during the quarter, reflecting higher average premiums and growth in in-force policies, while underwriting revenue increased to $4.0 billion from $1.8 billion a year ago. Catastrophe losses in the fourth quarter of 2025 were $209 million, a 49% decrease from the $410 million in the fourth quarter of 2024.
