Allstate Reports $870M April Catastrophe Losses; Policies in Force Reporting Changes
ALL sits 18% above its 52-week low of $188.08.
Summary
Allstate reported $870 million in catastrophe losses for April 2026, a notable financial impact, alongside continued growth in policies in force.
Key Events · Legal and Risk Events · ALL
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April Catastrophe Losses
Allstate estimates $870 million ($687 million after-tax) in catastrophe losses for April 2026, stemming from 10 wind and hail events.
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Policies in Force Growth
Total Allstate Protection policies in force grew 2.3% year-over-year to 38.67 million as of April 30, 2026, with auto and homeowners policies both up 2.5% year-over-year.
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Reporting Frequency Change
The company will discontinue monthly reporting of policies in force after next month, shifting to quarterly updates in its earnings releases.
Analysis · ALL · Finance
Allstate's disclosure of $870 million in catastrophe losses for April 2026 is a significant financial event, directly impacting the company's profitability for the second quarter. These substantial losses could temper investor sentiment, particularly as the stock trades near its 52-week high and follows a strong Q1 driven by lower catastrophe events. The company also announced it will discontinue monthly reporting of policies in force after next month, shifting to quarterly updates.
At the time of this filing, ALL was trading at $221.98 on NYSE in the Finance sector, with a market capitalization of approximately $57.1B. The 52-week trading range was $188.08 to $227.62. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.