allstate

US primary insurer Allstate has begun the new annual aggregate risk period, that its catastrophe bonds and excess of loss reinsurance are subject to, with a reported $870 million of pre-tax catastrophe losses in April 2026.

US primary insurer Allstate added more protection to its per-occurrence Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower a new high of $11.5 billion at its recent renewal, while also securing a new $1 billion aggregate excess reinsurance arrangement as well.

A quieter July in catastrophe loss terms resulted in US insurer Allstate only reporting $184 million in pre-tax impacts from severe weather events, which has lifted the total for the current annual aggregate risk period for its catastrophe bonds to $2.174 billion so far.

US insurer Allstate has announced an estimated pre-tax catastrophe loss burden for the month of June 2025 of $619 million. But the second-quarter 2025 total has now risen to $1.99 billion, which is a relatively heavy start for the annual aggregate year of its catastrophe bonds.

US insurer Allstate has announced an estimated pre-tax catastrophe loss burden for the month of May 2025 of $777 million, which when added to the cat losses from April takes the total for its 2025 annual risk period for its aggregate catastrophe bonds to $1.37 billion.

Allstate has started the 2025 annual risk period for the aggregate reinsurance provided by some of its catastrophe bonds with a $594 million pre-tax catastrophe loss burden, driven by 11 severe weather events during the month of April.

US primary insurer Allstate has lifted the top of its main occurrence Nationwide Excess Catastrophe Reinsurance Program to a new high of $9.5 billion at its recent renewal, with catastrophe bond coverage a growing component, while its retention has also increased to now $1 billion across the tower.

US primary insurer Allstate has reported that its pre-tax catastrophe losses for the third-quarter of 2024 reached $1.7 billion, with $630 million of that total due to hurricane Helene.

Large US primary insurer Allstate has reported estimated catastrophe losses of $306 million for the month of August, with $75 million, or approximately 25% related to a hail event in Calgary, Canada. Allstate has revealed that the Calgary hail estimate includes reinsurance reinstatement premiums and is net of anticipated reinsurance recoveries of $225 million. At […]

We’ve learned that Allstate’s annual aggregate catastrophe losses that are applicable under the terms of its Sanders Re catastrophe bond program has reached $1.3 billion after July 2024, so it is much lower than the accumulation of pre-tax catastrophe losses the company has suffered during the current risk period.