Allstate, California

$1.1 Billion Loss For Allstate Amidst California Fires
Just months before the Southern California wildfires, many insurance companies, including Allstate, backed out of the California Market. While many individuals are upset with insurance companies for backing out,
Allstate says California wildfires to bring company $1.1 billion in losses
Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – $1.1 billion.
Allstate expecting a $1.1bn pre-tax loss from California wildfires
Allstate is anticipating its losses from the recent California wildfires to be about $1.1bn, pre-tax, net of reinsurance, the company disclosed in its Q4 2024 earnings report. The net figure reflects a “decision to reduce market share beginning in 2007 and a comprehensive reinsurance program,” president and CEO Tom Wilkins said in the statement.
Allstate Expects California Wildfires to Cost $1.1 Billion
In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners insurance business, up from $21 million the year before.
Allstate expects $1.1 billion loss from California fires
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January
California wildfires will cost insurers billions
The economic toll from the California wildfires is just starting to become clear. Allstate is the latest insurer out with numbers. The insurance company says it will pay out $1.1 billion in insured claims.
California Wildfires: Soaring Insurance Claims Hit $45B
The recent California wildfires have left an unprecedented financial toll on the insurance industry, with projections of $35 to $45 billion in payouts. Allstate alone anticipates $1.1 billion in claims.
Crain's Chicago Business5d
Allstate expects a $1.1 billion hit from the LA wildfires, but it could have been worse
Allstate Corp. said it expects about $1.1 billion of losses from the wildfires that ravaged swaths of Los Angeles last month.
reinsurancene4d
Allstate expects $900m in reinsurance recoveries from LA wildfires
U.S. primary insurer Allstate has estimated that its gross losses from the Los Angeles, California wildfires will be $2 ...
Allstate expects $1.1 billion in losses from Los Angeles fires
Allstate Corp. said it expects about $1.1 billion in losses from the wildfires that destroyed Los Angeles County communities ...
Insurance Insider5d
Allstate’s $2bn wildfire bill cut by $900mn in reinsurance recoveries
Allstate’s 2024-25 nationwide excess catastrophe reinsurance provides coverage for events of up to $7.9bn of loss, less ...
Artemis5d
Allstate expects $1.1bn, pre-tax, net of reinsurance loss from CA wildfires
US insurer Allstate expects its losses from the recent Los Angeles, California wildfires will be around $1.1 billion, pre-tax and net of reinsurance, ...
Insurer Allstate's quarterly profit beats on underwriting strength, investment gains
Property and casualty insurer Allstate's fourth-quarter profit beat Wall Street expectations on Wednesday, helped by strong ...
Digital Insurance1d
Wildfires, cybersecurity: What insurers need to know in 2025
The main wildfires in California have subsided, but calculating the damages — both financial and emotional — is a challenge ...
Hosted on MSN5d
Allstate Gains Premarket After Q4 Profit Beat: Retail’s Bullish But Concerns Linger Over California Wildfires
Allstate Corp (ALL) shares rose 2.1% in premarket trade on Thursday after the company’s fourth-quarter earnings topped Wall ...