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Allstate reports $748M catastrophe losses in August, totaling $1.43B for July-August

Market News
17 Sep 2026
PRNewsWire
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Bearish
Allstate reports $748M catastrophe losses in August, totaling $1.43B for July-August

The Allstate Corporation announced estimated catastrophe losses of $748 million for August, with $591 million after-tax. These losses stem from 21 events, half of which relate to a single wind and hail event. For July and August combined, total catastrophe losses reached $1.43 billion, or $1.13 billion after-tax. This financial impact highlights the significant risk exposure Allstate faces from natural disasters and may influence future insurance pricing and risk management strategies.

As of Sep 17, 2026 19:16 WIB, Allstate Corp (ALL) trades at USD 254.02 on Pluang, down slightly by 0.33% for the day. This price sits between its 52-week low of USD 190.00 and high of USD 275.11, reflecting moderate volatility. Despite recent catastrophe losses reported, investor interest remains strong with 100% buy orders on Pluang and a dividend yield of 1.7%.

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