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Natural disasters hit global economy for $220bn in 2025: Swiss Re

Natural disasters hit global economy for $220bn in 2025: Swiss Re

Summary

In 2025, natural disasters led to $220 billion in economic losses worldwide, based on estimates from Swiss Re, a company that insures other insurers. This amount is lower than the previous year's $327 billion losses, helped by a less severe hurricane season in the North Atlantic. Major events included wildfires in Los Angeles and Hurricane Melissa affecting the Caribbean.

Key Facts

  • Natural disasters caused $220 billion in global economic losses in 2025.
  • Swiss Re, a company that insures insurers, provided this estimate.
  • Losses were down from $327 billion in the previous year.
  • Wildfires in Los Angeles caused $40 billion in insured losses.
  • Total insured losses for 2025 were $107 billion, a 24% decrease from the previous year.
  • The North Atlantic had a milder hurricane season, with no hurricanes reaching the US coast.
  • There were 13 named tropical storms, including three Category 5 hurricanes.
  • Hurricane Melissa was the costliest storm of 2025, with $2.5 billion in insured losses.
  • Severe storms continue to be a significant cause of economic losses worldwide.

Source Information