Natural catastrophes: insured loss estimates at end-June 2025

Estimates provided by the Jefferies financial group suggest that insured losses caused by natural disasters as at 30 June 2025 would reach 90 billion USD.

This figure significantly surpasses the 58 billion USD recorded over the same period in 2024 and the five-year average of 55 billion USD.

This is the second-highest level of losses ever recorded in the first half of the year.

The costliest events so far this year have been wildfires in California and severe storms across the United States and Europe.