Loss Announcement:

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AUD 2,663m - PERILS releases first loss estimate for Queensland and New South Wales Severe Convective Storms of late November 2025

Zurich - 08 Jan 2026

PERILS has today disclosed its initial industry loss estimate for the severe convective storms which affected South-East Queensland and New South Wales with extremely large hail, strong winds and heavy rainfall from 21 to 27 November 2025.

The initial estimate, which provides a snapshot of the insurance market six weeks post-event, is AUD 2,663 million. This industry loss figure is based on loss data collected from affected insurers and covers property and motor claims.