Allstate Corporation reported estimated catastrophe losses for January 2025 totaling $1.08 billion, or $849 million after tax. The majority of these losses, approximately $1.07 billion, were attributed to California wildfires, which factored in reinsurance reinstatement premiums, an estimated California FAIR Plan assessment, and net reinsurance recoveries of $1.40 billion.

The company's policy counts showed slight declines in most categories compared to the previous month and year. Auto policies in force declined 0.4% from December 2024 and 1.3% year-over-year. Homeowners' policies increased 0.1% month-over-month and 2.5% year-over-year. Commercial lines saw the largest drop, decreasing 4.2% from December and 27.1% from January 2024.

Allstate reiterated that forward-looking statements in the report are based on estimates and assumptions that could be subject to change due to various risks and uncertainties. More details are available on their investor relations website.