Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – $1.1 billion.

Allstate Corp. said it expects about $1.1 billion in losses from the wildfires that destroyed Los Angeles County communities in January.

The economic toll from the California wildfires is just starting to become clear. Allstate is the latest insurer out with numbers. The insurance company says it will pay out $1.1 billion in insured claims.

In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners insurance business, up from $21 million the year before.