Allstate (NYSE: ALL) reports $870M April catastrophe losses, policy growth
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The Allstate Corporation reported estimated catastrophe losses for April of $870 million, or $687 million after tax, driven by 10 wind and hail events, with about 70% of losses from two events. These catastrophe costs directly impact profitability for the month.
Allstate also updated Allstate Protection policies in force. As of April 30, 2026, auto policies in force were 25,805 thousand, homeowners 7,764 thousand, and total Allstate Protection policies 38,667 thousand, reflecting modest growth versus both March 2026 and April 2025. The company will stop including monthly policies-in-force data after next month and instead provide it quarterly in earnings releases.
Positive
- None.
Negative
- Significant April catastrophe losses – Estimated catastrophe losses of $870 million pre-tax and $687 million after tax from 10 wind and hail events are sizeable and likely to pressure near-term underwriting profitability.
Insights
Allstate posts large April catastrophe losses but continues modest policy growth.
Allstate estimates April catastrophe losses of $870 million, or $687 million after tax, from 10 wind and hail events. Around 70% of these losses stem from just two events, indicating concentrated severe weather impact in the month.
These catastrophe losses are likely to weigh on near-term underwriting results, although the filing does not quantify the effect on quarterly earnings or capital. At the same time, policies in force grew year over year across major personal lines, suggesting continued scale in the underlying franchise.
Auto policies in force reached 25,805 thousand and homeowners 7,764 thousand as of April 30, 2026, both up 2.5% versus a year earlier. Allstate notes it will discontinue monthly policies-in-force disclosure after next month and instead provide this data quarterly in earnings releases, shifting how frequently investors see volume trends.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Estimated April catastrophe losses (pre-tax): $870 million
Estimated April catastrophe losses (after tax): $687 million
Auto policies in force: 25,805 thousand
+5 more
8 metrics
Estimated April catastrophe losses (pre-tax)
$870 million
Catastrophe losses for April 2026 from 10 wind and hail events
Estimated April catastrophe losses (after tax)
$687 million
After-tax catastrophe losses for April 2026
Auto policies in force
25,805 thousand
As of April 30, 2026; up 0.2% vs March 31, 2026 and 2.5% vs April 30, 2025
Homeowners policies in force
7,764 thousand
As of April 30, 2026; up 0.3% sequentially and 2.5% year over year
Other personal lines policies in force
4,919 thousand
As of April 30, 2026; up 0.3% vs March 31, 2026 and 0.8% vs April 30, 2025
Commercial lines policies in force
179 thousand
As of April 30, 2026; up 1.1% sequentially, down 2.7% year over year
Total Allstate Protection policies in force
38,667 thousand
As of April 30, 2026; 0.2% sequential and 2.3% year-over-year growth
Total company policies in force
212 million
Allstate-wide policies in force mentioned in company description
Key Terms
catastrophe losses, policies in force, Noncumulative Preferred Stock, Fixed-to-Floating Rate Subordinated Debentures, +2 more
6 terms
catastrophe losses financial
"announced estimated catastrophe losses for the month of April of $870 million"
Catastrophe losses are large, unexpected insurance payouts that follow major disasters such as hurricanes, earthquakes, wildfires or pandemics. They matter to investors because they can sharply reduce an insurer’s profits, drain reserves and force special financing or rate increases — much like a sudden flood overwhelming a city’s budget — and can also ripple through markets by affecting reinsurers, bondholders and stock prices.
policies in force financial
"Allstate Protection policies in force are as follows"
Policies in force are the insurance contracts that are currently active and able to pay claims, similar to the number of active subscriptions a company has. For investors, they show the scale of an insurer’s current business and help indicate potential future revenue from premiums and ongoing exposure to claims; rising counts suggest growth, while shrinking counts can signal lapses or reduced future income.
Noncumulative Preferred Stock financial
"Depositary Shares represent 1/1,000th of a share of 5.100% Noncumulative Preferred Stock, Series H"
Preferred shares that normally pay a fixed dividend but do not accumulate unpaid payments — if the company skips a dividend, the missed amount is not owed later. Investors care because these shares offer priority over common stock for dividends and in liquidation, yet provide less protection for income reliability than cumulative preferreds; think of it like a subscription where missed issues are not refunded, so income can be less predictable.
Fixed-to-Floating Rate Subordinated Debentures financial
"Texas 5.100% Fixed-to-Floating Rate Subordinated Debentures due 2053"
forward-looking statements regulatory
"This news release contains “forward-looking statements” that anticipate results"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 21, 2026
THE ALLSTATE CORP ORATION
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (847 ) 402-2800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of each exchange on which registered | ||||||
| Common Stock, par value $0.01 per share | ALL | New York Stock Exchange NYSE Texas | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | |||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ____
Section 7 - Regulation FD
Item 7.01. Regulation FD Disclosure
The Registrant’s April 2026 monthly release announcing estimated catastrophe losses and policies in force is posted on allstateinvestors.com and attached hereto as Exhibit 99 which is incorporated herein by reference. This exhibit is furnished and not filed, pursuant to Instruction B.2 of Form 8-K.
Section 9 – Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99 | The Registrant’s press release dated May 21, 2026 | |||||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL) | |||||||
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE ALLSTATE CORPORATION | ||||||||||||||
| (Registrant) | ||||||||||||||
| By: | /s/ Eric K. Ferren | |||||||||||||
Name: Eric K. Ferren | ||||||||||||||
| Title: Senior Vice President, Controller and Chief Accounting Officer | ||||||||||||||
| Date: | May 21, 2026 | |||||||||||||
3
NEWS
FOR IMMEDIATE RELEASE
Contacts:
Nick Nottoli | Allister Gobin | |||||||
| Media Relations | Investor Relations | |||||||
mediateam@allstate.com | invrel@allstate.com | |||||||
April 2026 Monthly Release
NORTHBROOK, Ill., May 21, 2026 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of April of $870 million or $687 million, after-tax, from 10 wind and hail events with approximately 70% of the losses related to two events.
Allstate Protection policies in force are as follows:
Allstate Protection Policies in Force (1) | ||||||||||||||||||||||||||||||||
| (in thousands) | April 30, 2026 | March 31, 2026 | April 30, 2025 | Apr. 30, 2026 v Mar. 31, 2026 | Apr. 30, 2026 v Apr. 30, 2025 | |||||||||||||||||||||||||||
| Auto | 25,805 | 25,758 | 25,175 | 0.2 | % | 2.5 | % | |||||||||||||||||||||||||
| Homeowners | 7,764 | 7,739 | 7,571 | 0.3 | % | 2.5 | % | |||||||||||||||||||||||||
| Other personal lines | 4,919 | 4,902 | 4,882 | 0.3 | % | 0.8 | % | |||||||||||||||||||||||||
| Commercial lines | 179 | 177 | 184 | 1.1 | % | (2.7) | % | |||||||||||||||||||||||||
| Total | 38,667 | 38,576 | 37,812 | 0.2 | % | 2.3 | % | |||||||||||||||||||||||||
(1)Policy counts are based on items rather than customers. A multi-car customer would generate multiple item (policy) counts, even if all cars were insured under one policy. Lender-placed policies are excluded from policy counts because relationships are with the lenders.
Allstate Protection policies in force have been consistently growing year-over-year since March 2025, and we are increasing market share for auto in 57% of states and homeowners in 83% of states. Therefore, we are changing the frequency of reporting policies in force and next month will be the final inclusion in our Monthly Release. Policies in force will continue to be available quarterly in our earnings release.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
Forward-Looking Statements
This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “targets” and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” section in our most recent annual report on Form 10-K. Forward-looking statements are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.
1
About Allstate
The Allstate Corporation (NYSE: ALL) protects people from life’s uncertainties with affordable, simple and connected protection for autos, homes, electronic devices, and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate has 212 million policies in force and is widely known for the slogan “You’re in Good Hands with Allstate.” For more information, visit www.allstate.com.
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FAQ
What catastrophe losses did Allstate (ALL) report for April 2026?
Allstate estimated April 2026 catastrophe losses of $870 million before tax and $687 million after tax. Losses came from 10 wind and hail events, with about 70% of the total tied to just two severe events.
How did Allstate’s auto policies in force change as of April 30, 2026?
Allstate reported 25,805 thousand auto policies in force as of April 30, 2026. This represents a 0.2% increase from March 31, 2026 and a 2.5% increase compared with April 30, 2025, indicating modest year-over-year volume growth.
What were Allstate’s total Allstate Protection policies in force in April 2026?
Total Allstate Protection policies in force were 38,667 thousand as of April 30, 2026. That is up from 38,576 thousand at March 31, 2026 and 37,812 thousand at April 30, 2025, reflecting 0.2% sequential and 2.3% year-over-year growth.
How are Allstate’s homeowners policies in force trending in 2026?
Homeowners policies in force reached 7,764 thousand as of April 30, 2026. This is a 0.3% increase from March 31, 2026 and a 2.5% increase versus April 30, 2025, showing steady year-over-year expansion despite catastrophe exposure.
Is Allstate changing how often it reports policies in force data?
Yes. Allstate stated that next month will be the final inclusion of policies in force in its Monthly Release. Going forward, policies-in-force information will instead be provided quarterly in the company’s earnings releases.