Allstate reports May catastrophe losses of $289 million

1 min read Updated on 18 Jun 2026, 05:55 PM

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Suketu GScanX News Team

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The Allstate Corporation estimated catastrophe losses of $289 million pre-tax for May 2026, with combined April-May losses totaling $1.16 billion pre-tax. Allstate Protection policies in force increased 2.4% year-over-year to 38,799 thousand, driven by growth in auto and homeowners segments.

*this image is generated using AI for illustrative purposes only.

The Allstate Corporation reported estimated catastrophe losses of $289 million pre-tax, or $228 million after-tax, for the month of May 2026. Total catastrophe losses for April and May combined reached $1.16 billion pre-tax, or $915 million after-tax. The company disclosed these figures in its monthly release for May 2026.

Allstate Protection policies in force showed growth across most segments compared to the prior year. The total policies in force stood at 38,799 thousand as of May 31, 2026, an increase of 2.4% from 37,880 thousand on May 31, 2025. On a month-over-month basis, total policies increased by 0.3% from April 30, 2026.

Allstate Protection Policies in Force

Category	May 31, 2026	April 30, 2026	May 31, 2025	May 31, 2026 v Apr. 30, 2026	May 31, 2026 v May 31, 2025
Auto	25,901	25,805	25,226	0.4 %	2.7 %
Homeowners	7,788	7,764	7,587	0.3 %	2.6 %
Other personal lines	4,930	4,919	4,887	0.2 %	0.9 %
Commercial lines	180	179	180	0.6 %	— %
Total	38,799	38,667	37,880	0.3 %	2.4 %

Policy counts are based on items rather than customers. A multi-car customer would generate multiple item counts, even if all cars were insured under one policy. Lender-placed policies are excluded from policy counts because relationships are with the lenders. Going forward, policies in force will be reported in the company's quarterly earnings release.

How will the accumulated $1.16 billion in pre-tax catastrophe losses for April and May impact Allstate's pricing strategy and rate filings for the upcoming quarter?

With policies in force reporting moving to quarterly releases, how will this change affect transparency for investors tracking monthly growth trends?

Given the 2.4% year-over-year growth in policies, can Allstate maintain this momentum if catastrophic loss events continue to drive up premium costs?

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KBW downgrades Allstate to Market Perform, cuts target to $242

0 min read Updated on 09 Jun 2026, 12:26 AM

Reviewed by

Radhika SScanX News Team

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Keefe, Bruyette & Woods analyst Meyer Shields downgraded Allstate from Outperform to Market Perform and lowered the price target from $266 to $242, reflecting a revised outlook.

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Keefe, Bruyette & Woods analyst Meyer Shields has downgraded Allstate from Outperform to Market Perform. The firm also reduced the price target for the stock to $242, down from the previous target of $266. The adjustment reflects a revised outlook on the insurance provider's performance.

The rating change moves Allstate out of the Outperform category, signaling a shift in expectations. The new price target of $242 represents a decrease from the earlier projection of $266. This decision was communicated in a recent analyst note.

Allstate is listed on the NYSE under the ticker symbol ALL. The downgrade and price target cut are the key actions taken by Keefe, Bruyette & Woods in this update.

What specific factors led to the revised outlook on Allstate's performance?

How might this downgrade influence other analysts' ratings on Allstate?

What impact could the price target cut have on Allstate's stock price in the short term?