Allstate reports $140 million catastrophe losses for February

The Allstate Corporation (NYSE: ALL) reported catastrophe losses of $140 million for February 2026, or $111 million after-tax, according to a company statement. Combined catastrophe losses for January and February totaled $315 million, or $249 million after-tax.

The insurance company's total policies in force reached 38.4 million as of February 28, 2026, representing a 0.5% increase from January and a 2.5% increase compared to February 2025.

Auto insurance policies grew to 25.6 million, up 0.6% from the previous month and 3.0% year-over-year. Homeowners policies increased to 7.7 million, rising 0.2% monthly and 2.5% annually.

Other personal lines policies totaled 4.9 million, showing a 0.2% monthly increase and 0.6% growth from the prior year. Commercial lines policies decreased to 176,000, up 0.6% from January but down 10.2% compared to February 2025.

The policy counts are based on individual items rather than customers, meaning a multi-car customer generates multiple policy counts even under a single policy. Lender-placed policies are excluded from these figures.

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