Northbrook, Illinois, April 17, 2025 – Ulstert Corporation (NYSE: ALL) today announced an estimated March disaster loss of $1.04 billion or $818 million after tax. The disaster losses in March included 11 events, with about 80% of which were associated with four geographically extensive wind and hail events. In March, Allstate surpassed the retention level of annual reinsurance coverage for the annual risk period ended March 31, 2025, with an estimated recovery rate of approximately $123 million, reducing disaster losses in March. The total disaster losses in the first quarter of 2025 were $2.2 billion or $1.74 billion after tax.
All effective protection policies are as follows:
Allstate protection policy is effective*
| Thousands of | March 31, 2025 | February 28, 2025 | March 31, 2024 | March 31, 2025, February 28, 2025 | March 31, 2025, March 31, 2024 |
|---|---|---|---|---|---|
| car | 25,100 | 24,894 | 25,207 | 0.8% | (0.4)% |
| Homeowner | 7,549 | 7,537 | 7,364 | 0.2% | 2.5% |
| Other personal lines | 4,874 | 4,873 | 4,849 | – % | 0.5% |
| Business Line | 189 | 196 | 273 | (3.6)% | (30.8)% |
| All | 37,712 | 37,500 | 37,693 | 0.6% | 0.1% |
* Policy count is based on the project rather than the client. Even if all cars are insured for all cars under one policy, multi-car customers generate multiple items (strategy) counts. The lender’s positioning strategy is excluded from the policy count because the relationship with the lender is the relationship with the lender.
Financial information, including material announcements about Allstate Corporation, is usually posted on www.allstateinvestors.com.
This press release contains “forward-looking statements” that are expected by our estimates, assumptions and plans that may be subject to uncertainty. These statements are subject to the 1995 Private Securities Litigation Reform Act. These forward-looking statements are not related to historical or current facts and may be based on the use of the words “plan”, “seek”, “expect”, “will”, “should”, “should”, “should”, “expect”, “estimate,” “estimate,” “, “” and other similar words, “, and other words, “, we believe that these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans of forward-looking statements prove inaccurate, or other risks or uncertainties arise, the actual results may differ materially from the statements conveyed in these forward-looking statements. Actual results that may result in actual results with statements that may be found or implied in the SEC filings, which may be factors that may be forward-looking statements, including the “Risk Factors” section of our latest annual report on Form 10-K. Forward-looking statements are made on the date and we have no obligation to update or modify any forward-looking statements.
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