Facts + Statistics: U.S. catastrophes

2022 natural catastrophes

Aon defines a catastrophe as a natural event that causes any of the following:

$25 million or more in insured property losses
ten deaths
50 people injured
2,000 filed claims or homes and structures damaged.

Aon’s natural catastrophe estimates include Puerto Rico and the U.S. Virgin Islands and include losses sustained by private insurers and government-sponsored programs such as the National Flood Insurance Program. They are subject to change as loss estimates are further developed.

Natural Catastrophe Losses In The United States By Peril, 2022 (1)

($ millions)

Peril	Number of events	Fatalities	Economic losses (2)	Insured losses (3)
Tropical cyclone	3	157	$96,097	$53,203
Severe convective storm	62	49	37,232	29,306
Wildfire, drought, heatwave	26	65	18,093	8,902
Winter storm	13	123	6,223	4,128
Flooding	15	72	7,234	3,346
Total	119	~466	$164,879	$98,885

(1) Natural disasters that cause at least $25 million in insured losses; or 10 deaths; or 50 people injured; or 2,000 filed claims or homes and structures damaged. Includes Puerto Rico and the U.S. Virgin Islands.
(2) Includes any direct physical damage or direct net loss business interruption costs.
(3) Includes losses sustained by private insurers and government-sponsored programs such as the National Flood Insurance Program. Subject to change as loss estimates are further developed. As of January 2023.

~ =Approximately.

Source: Aon.

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Natural Catastrophes By Quarter, 2022 (1)

(2022 $ millions)

Quarter	Estimated insured losses
1	$7,004
2	25,583
3	63,288
4	4,054
Full year	$99,930

(1) Natural disasters that cause at least $25 million in insured losses; or 10 deaths; or 50 people injured; or 2,000 filed claims or homes and structures damaged. Includes Puerto Rico and the U.S. Virgin Islands. Includes losses sustained by private insurers and government-sponsored programs such as the National Flood Insurance Program. Subject to change as loss estimates are further developed. As of January 2023.

Source: Aon.

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Estimated Insured Property Losses, U.S. Natural Catastrophes, 2013-2022 (1)

($ billions)

Year	In dollars when occurred	In 2022 dollars (2)
2013	$24.1	$31.0
2014	23.2	29.2
2015	22.9	28.8
2016	31.6	39.3
2017	130.9	158.7
2018	60.4	71.6
2019	38.8	45.2
2020	81.0	93.3
2021	93.3	102.7
2022	98.8	99.9

(1) Natural disasters that cause at least $25 million in insured losses; or 10 deaths; or 50 people injured; or 2,000 filed claims or homes and structures damaged. Includes Puerto Rico and the U.S. Virgin Islands. Includes losses sustained by private insurers and government-sponsored programs such as the National Flood Insurance Program. Subject to change as loss estimates are further developed. As of January 2023. Adjusted for inflation by Aon using the U.S. Consumer Price Index.

Source: Aon.

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Top 10 Costliest Natural Catastrophes, United States (1)

($ millions)

			Estimated insured property loss
Rank	Year	Peril	Dollars when occurred	In 2022 dollars (2)
1	2005	Hurricane Katrina	$65,000	$98,727
2	2022	Hurricane Ian	52,500	52,553
3	2021	Hurricane Ida	36,000	39,256
4	2012	Hurricane Sandy	30,000	38,688
5	2017	Hurricane Harvey	30,000	36,450
6	2017	Hurricane Irma	29,550	35,714
7	2017	Hurricane Maria	29,500	35,654
8	1992	Hurricane Andrew	16,000	33,875
9	1994	Northridge Earthquake	15,300	31,218
10	2008	Hurricane Ike	18,200	24,815

(1) Natural disasters that cause at least $25 million in insured losses; or 10 deaths; or 50 people injured; or 2,000 filed claims or homes and structures damaged. Includes Puerto Rico and the U.S. Virgin Islands. Includes losses sustained by private insurers and government-sponsored programs such as the National Flood Insurance Program. Subject to change as loss estimates are further developed. As of January 2023.
(2) Adjusted for inflation by Aon using the U.S. Consumer Price Index.

Source: Aon.

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