Insurance
Home›Insurance›Reinsurance›Allstate’s Q2 2026 catastrophe losses rise to $1.72 bi…
Allstate’s Q2 2026 catastrophe losses rise to $1.72 billion
The insurer reported $563 million of pre-tax catastrophe losses in June 2026, bringing total Q2 2026 losses to $1.72 billion, or $1.36 billion after tax.
Allstate said its estimated pre-tax catastrophe loss burden totaled $563 million for June 2026, lifting its second-quarter 2026 catastrophe losses to $1.72 billion.
The company reported that Q2 2026 catastrophe losses were $1.36 billion on an after-tax basis, which compares with estimated Q2 2025 losses of $1.99 billion pre-tax, or $1.57 billion after tax, according to Artemis.
Allstate began a new annual aggregate risk period for its Sanders Re program catastrophe bonds and excess of loss reinsurance with $870 million of pre-tax catastrophe losses in April 2026, then added the June amount to reach the Q2 total.
Artemis also noted that June has typically been a higher-loss month for Allstate due to severe convective weather events, and that the insurer’s Sanders Re catastrophe bond coverage currently includes an annual aggregate protection tied to a single cat bond tranche, plus a $50 million per-event deductible.