08:40 AM EST, 02/20/2025 (MT Newswires) -- Allstate ( ALL ) said Thursday its estimated catastrophe losses for January reached $1.08 billion, or $849 million after tax.

The catastrophe losses included three events, with around $1.07 billion related to the California wildfires. The company noted that the California wildfire event estimate includes reinsurance reinstatement premiums, an estimated California FAIR Plan assessment, and is net of estimated reinsurance recoveries of $1.40 billion.

Allstate ( ALL ) said it has around 37.4 million protection policies in force for January, compared with 37.6 million in the same month last year.