Allstate estimates $175m January 2026 winter storm losses

The Allstate Corporation, a US-based insurance and financial services provider, has announced preliminary catastrophe losses of approximately $175 million for January 2026, equivalent to $138 million after tax, primarily attributed to Winter Storm Fern.This compares with substantially higher catastrophe losses in January 2025, when the company reported $1.08 billion, or $849 million after tax, largely driven by California wildfires.That 2025 figure included reinsurance reinstatement premiums and an estimate ...