Home / Business and Economy / Allstate Faces $870M in April Weather Damage
Allstate Faces $870M in April Weather Damage
22 May
Summary
- Allstate estimated $870 million in catastrophe losses for April 2026.
- Two wind and hail events drove about 70% of April's total losses.
- Policies in force reached 38.57 million by April 30, 2026.
In April 2026, Allstate projected catastrophe losses amounting to $870 million. This figure, representing a decrease from March's $925 million but an increase from April 2025's $594 million, was significantly influenced by severe weather.
Two specific wind and hail events were responsible for roughly 70% of the total April losses. This concentration indicates that a few major weather incidents caused the majority of the damage, a pattern also observed in March.
March 2026 saw $925 million in catastrophe losses, with three events contributing approximately 80% of that total. This ongoing pattern suggests that Allstate's monthly financial performance can be heavily impacted by a small number of severe storms hitting populated or property-dense areas.
As of April 30, 2026, Allstate had 38.57 million policies in force. This includes 25.80 million auto policies and 7.7 million homeowners policies, reflecting consistent year-over-year growth and expanded market share in various states since March 2025.
