Allstate reports $870M catastrophe losses in April from wind and hail events, with policy growth continuing.

Allstate Corporation announced estimated catastrophe losses of $870 million (or $687 million after-tax) for April, primarily due to 10 wind and hail events, with about 70% of losses coming from two major events. Despite these losses, Allstate's policies in force have grown year-over-year across auto, homeowners, and other personal lines, with increases in market share in many states. The company will stop monthly reporting of policies in force after next month but will continue quarterly updates. This reflects Allstate's ongoing business growth amid natural disaster challenges.