Allstate reports $184 million in catastrophe losses for July

NORTHBROOK, Ill. - The Allstate Corporation (NYSE:ALL), a $56.38 billion market cap insurer with a "GREAT" financial health score according to InvestingPro, announced estimated catastrophe losses of $184 million, or $145 million after-tax, for July 2025. The losses stemmed from 19 separate wind and hail events across the country, according to a company press release.

The insurance provider, trading near its 52-week high with a P/E ratio of 9.94, also reported slight growth in its policy portfolio. As of July 31, Allstate’s total protection policies in force reached 37.9 million, representing a 0.7% increase compared to the same period last year. InvestingPro analysis reveals 12 additional key insights about Allstate’s performance and valuation.

By category, Allstate’s auto policies grew 0.6% year-over-year to 25.2 million, while homeowners policies increased 2.2% to 7.6 million compared to July 2024. Other personal lines policies saw a modest 0.3% annual increase to 4.9 million.

The only decline came in commercial lines, which decreased by 32% year-over-year to 172,000 policies, continuing a downward trend from the previous month.

Month-over-month figures showed minimal changes across most policy categories, with the total number of policies increasing by just 7,000 from June 2025.

Allstate’s policy counts are based on insured items rather than customers, meaning a multi-car customer would generate multiple policy counts even if all vehicles were insured under a single policy. The figures exclude lender-placed policies.

In other recent news, Allstate reported impressive second-quarter 2025 earnings, significantly surpassing expectations. The company posted earnings per share of $5.94, far exceeding the anticipated $3.32, resulting in a 78.92% surprise. Revenue also outperformed forecasts, reaching $16.6 billion against the expected $15.22 billion. Following this earnings report, BMO Capital raised its price target for Allstate to $235, maintaining an Outperform rating. Similarly, Keefe, Bruyette & Woods increased their price target to $246, citing the strong quarterly performance and adjusting future earnings estimates upward. Wells Fargo also raised its price target to $202, noting growth factors despite challenges in specific markets like New York and New Jersey. These developments reflect Allstate’s strong financial performance and adjustments in analyst forecasts.

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