Allstate Corporation expects catastrophe losses in May 2026 to be $289 million before tax ($228 million after tax), with catastrophe losses in April and May totaling $1.16 billion before tax ($915 million after tax).
Catastrophe losses in May 2026 slowed significantly from April, which saw losses of $870 million ($687 million after tax), including 10 wind and hail events.
Last month’s catastrophe losses were also down significantly from May 2025, at $777 million ($614 million after tax).
In addition to the catastrophe loss update, Allstate reported continued growth in its core personal lines business, with the total number of policies in force reaching 38.799 million as of May 31, 2026, an increase of 0.3% from the end of April and an increase of 2.4% from the same period last year.
The insurance company’s largest business, the automobile business, had 25.901 million effective policies as of May, an increase of 96,000 policies, or 0.4%, from 25.805 million on April 30, 2026. Compared with 25.226 million policies as of May 31, 2025, auto insurance policies in force increased by 2.7% year-over-year.
At the end of May, the number of homeowners policies in effect increased to 7.788 million from 7.764 million a month ago, a month-on-month increase of 0.3%. Compared with 7.587 million households in the same period last year, homeowners insurance policies increased 2.6% year-over-year.
In other personal lines, the total number of policies in effect was 4.93 million, an increase of 0.2% from 4.919 million at the end of April and an increase of 0.9% from the 4.887 million reported on May 31, 2025.
Meanwhile, commercial insurance policies in force increased 0.6% sequentially to 180,000 from 179,000 as of April 30, 2026, and remained unchanged from 180,000 in the same period last year.
In related news, Allstate recently disclosed that total revenue in the first quarter of 2026 was $16.9 billion, an increase of $489 million from the same quarter in 2025, and net income increased to $2.4 billion, reflecting strong underwriting performance.
