Loss Announcement:

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AUD 1,108m - PERILS releases first loss estimate for Australia East Coast Severe Convective Storms of late October 2025

Zurich - 15 Dec 2025

PERILS has today disclosed its initial industry loss estimate for the severe convective storms which affected South East Queensland, New South Wales and Victoria with large hail, strong winds and heavy rainfall from 26 October to 1 November 2025.

The initial estimate, which provides a snapshot of the insurance market six weeks post-event, is AUD 1,108 million. This industry loss figure is based on loss data collected from affected insurers and covers property and motor claims.