Allstate
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Fifteen events caused estimated losses of $306mn. -
Investors may be able to recoup between $15mn-$18mn of principal.
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Total catastrophe losses stemmed from 20 events and were estimated at $587mn.
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This takes pre-tax year-to-date cat losses to $2.62bn.
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This takes pre-tax cat losses for the calendar year to $1.23bn
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Sanders Re cat bond coverage attaches higher than last year at $5.46bn.
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This follows February’s cat losses coming in below the $150mn reporting threshold.
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The multi-peril coverage was due to expire in June 2026.
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This follows January pre-tax cat losses of $276mn.
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Monthly cat losses were driven by two major events.
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Unfavorable prior year reserve re-estimates, excluding catastrophes, totaled $199mn in Q4, with approximately $148mn related to personal auto, including costs for litigation claims.
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