Allstate reports $870 million catastrophe losses for april

The Allstate Corporation (NYSE: ALL) reported catastrophe losses of $870 million for April 2026, or $687 million after-tax, according to a company statement. The losses stemmed from 10 wind and hail events, with approximately 70% of the total losses attributed to two specific events.

The insurance company's total policies in force reached 38.7 million as of April 30, 2026, representing a 0.2% increase from March 2026 and a 2.3% increase compared to April 2025. Auto policies totaled 25.8 million, homeowners policies reached 7.8 million, and other personal lines numbered 4.9 million policies.

Allstate reported year-over-year policy growth across all major segments. Auto policies increased 2.5% from the prior year, homeowners policies grew 2.5%, and other personal lines expanded 0.8%. Commercial lines decreased 2.7% year-over-year to 179,000 policies.

The company stated it is gaining market share for auto insurance in 57% of states and homeowners insurance in 83% of states. Allstate has maintained consistent year-over-year policy growth since March 2025.

The insurer announced it will discontinue monthly reporting of policies in force after next month's release. Policy count information will continue to be available in quarterly earnings reports. The company noted that policy counts are based on individual items rather than customers, meaning multi-car customers generate multiple policy counts.

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