Overview
- Global natural‑disaster losses totaled $224 billion in 2025, with $108 billion insured, down roughly 40% from 2024.
- No hurricanes made U.S. landfall for the first time in a decade, a key factor behind the lower annual losses.
- Local floods, storms and wildfires drove $166 billion in damages, including $98 billion insured, with the first half the costliest on record for insurers and the second half the quietest in a decade.
- January’s Los Angeles wildfires caused $53 billion in damage, including $40 billion insured, the year’s costliest disaster and the most expensive wildfire on record, while a late‑March Myanmar quake caused $12 billion in losses with minimal coverage and about 4,500 deaths.
- The United States accounted for $118 billion in losses, $88 billion insured, and disasters killed about 17,200 people globally, mostly in Asia‑Pacific and Africa, below the 30‑year average as Munich Re warns warming is already intensifying extremes.