Catastrophe losses reach $1.24B at Allstate (NYSE: ALL) in Q1
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The Allstate Corporation reported estimated catastrophe losses of $925 million for March 2026, or $731 million after tax, driven by 15 wind and hail events, with about 80% of losses coming from three major events. For the first quarter of 2026, total catastrophe losses reached $1.24 billion, or $980 million after tax, highlighting a heavy weather-related claims burden. Despite these losses, Allstate Protection policies in force grew modestly, with total policies rising to 38,576 thousand as of March 31, 2026, up 0.4% from February 28, 2026 and 2.3% from March 31, 2025, reflecting steady expansion across auto, homeowners and other personal lines.
Positive
- None.
Negative
- Heavy catastrophe losses: Estimated catastrophe losses of $925 million for March and $1.24 billion for Q1 2026 (before tax) represent a substantial weather-related claims burden likely to pressure near-term profitability.
Insights
Large Q1 catastrophe losses pressure earnings despite steady policy growth.
Allstate estimates March catastrophe losses of $925 million, or $731 million after tax, from 15 wind and hail events, with roughly 80% tied to three events. First-quarter catastrophe losses total $1.24 billion, or $980 million after tax, indicating a severe weather quarter.
Such elevated catastrophe losses typically weigh on quarterly profitability and may affect capital deployment plans, especially for a large personal lines insurer. At the same time, Allstate Protection policies in force rose to 38,576 thousand as of March 31, 2026, up 2.3% year over year, showing underlying franchise growth.
Auto and homeowners policies increased 2.6% and 2.5% year over year, respectively, while commercial lines declined 6.3%. Future company filings may clarify how pricing, reinsurance, and underwriting actions respond to these elevated catastrophe losses.
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
March catastrophe losses (pre-tax): $925 million
March catastrophe losses (after-tax): $731 million
Q1 2026 catastrophe losses (pre-tax): $1.24 billion
+5 more
8 metrics
March catastrophe losses (pre-tax)
$925 million
Estimated losses for March 2026 from 15 wind and hail events
March catastrophe losses (after-tax)
$731 million
Estimated after-tax catastrophe losses for March 2026
Q1 2026 catastrophe losses (pre-tax)
$1.24 billion
Total estimated catastrophe losses for first quarter 2026
Q1 2026 catastrophe losses (after-tax)
$980 million
Total estimated after-tax catastrophe losses for Q1 2026
Total policies in force
38,576 thousand
Allstate Protection policies in force as of March 31, 2026
Auto policies in force
25,758 thousand
As of March 31, 2026; 2.6% year-over-year increase
Homeowners policies in force
7,739 thousand
As of March 31, 2026; 2.5% year-over-year increase
Commercial lines policies in force
177 thousand
As of March 31, 2026; 6.3% year-over-year decline
Key Terms
catastrophe losses, policies in force, Regulation FD Disclosure, forward-looking statements, +2 more
6 terms
catastrophe losses financial
"today announced estimated catastrophe losses for the month of March of $925 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.
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure The Registrant’s March 2026 monthly release"
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"
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.
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): April 16, 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 March 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 April 16, 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: | April 16, 2026 | |||||||||||||
3
NEWS
FOR IMMEDIATE RELEASE
Contacts:
Nick Nottoli | Allister Gobin | |||||||
| Media Relations | Investor Relations | |||||||
mediateam@allstate.com | (847) 402-2800 | |||||||
March 2026 Monthly Release
NORTHBROOK, Ill., April 16, 2026 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of March of $925 million or $731 million, after-tax, from 15 wind and hail events with approximately 80% of the losses related to three events. Total catastrophe losses for the first quarter were $1.24 billion or $980 million, after-tax.
Allstate Protection policies in force are as follows:
Allstate Protection Policies in Force (1) | ||||||||||||||||||||||||||||||||
| (in thousands) | March 31, 2026 | February 28, 2026 | March 31, 2025 | Mar. 31, 2026 v Feb. 28, 2026 | Mar. 31, 2026 v Mar. 31, 2025 | |||||||||||||||||||||||||||
| Auto | 25,758 | 25,633 | 25,100 | 0.5 | % | 2.6 | % | |||||||||||||||||||||||||
| Homeowners | 7,739 | 7,726 | 7,549 | 0.2 | % | 2.5 | % | |||||||||||||||||||||||||
| Other personal lines | 4,902 | 4,902 | 4,874 | — | % | 0.6 | % | |||||||||||||||||||||||||
| Commercial lines | 177 | 176 | 189 | 0.6 | % | (6.3) | % | |||||||||||||||||||||||||
| Total | 38,576 | 38,437 | 37,712 | 0.4 | % | 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.
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.
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 211 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 March 2026?
Allstate reported estimated March 2026 catastrophe losses of $925 million, or $731 million after tax. These losses came from 15 wind and hail events, with about 80% of the losses concentrated in three major events.
What are Allstate’s total catastrophe losses for Q1 2026?
For the first quarter of 2026, Allstate’s total estimated catastrophe losses were $1.24 billion, or $980 million after tax. This figure aggregates catastrophe impacts across the quarter and signals a particularly severe period for weather-related claims.
How many Allstate Protection policies were in force on March 31, 2026?
Allstate Protection reported 38,576 thousand policies in force as of March 31, 2026. This represented a 0.4% increase from February 28, 2026 and a 2.3% increase compared with March 31, 2025, indicating steady portfolio growth.
How are Allstate’s auto and homeowners policy counts changing?
Auto policies in force reached 25,758 thousand, up 0.5% month over month and 2.6% year over year. Homeowners policies rose to 7,739 thousand, increasing 0.2% from February 28, 2026 and 2.5% compared with March 31, 2025.
What happened to Allstate’s commercial lines policies in force?
Commercial lines policies in force were 177 thousand on March 31, 2026. This was up 0.6% from February 28, 2026 but down 6.3% compared with March 31, 2025, showing modest recent growth but a year-over-year decline.
Where can investors find Allstate’s March 2026 catastrophe update?
Allstate’s March 2026 monthly release, which includes estimated catastrophe losses and policies in force, is posted on allstateinvestors.com and is attached as Exhibit 99 to the report. The company routinely posts financial information on that website.