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"estimated losses" is correct and usable in written English.
You can use it when you are referring to losses that have been estimated or predicted (rather than actual losses). For example: "Experts have estimated losses from the storm to be in the millions of dollars".
Exact(58)
The estimated losses of poultry in the previous 2 months (Table 2) were lower than estimated losses reported during the 2004 outbreak (69-108 USD) [ 3].
Federal prosecutors estimated losses of $133 million.
The government estimated losses incurred by the strike at $450 million.
A study he commissioned estimated losses of up to $6.9 billion.
That includes all estimated losses, whether covered by insurance or not.
The Blaster worm and SoBig virus that attacked this summer caused estimated losses of $35 billion.
The chamber estimated losses in the "tens of millions" of dollars.
Investors are already reeling from the recognition that major banks inaccurately estimated losses from the mortgage debacle.
Ukrainian authorities estimated losses of about $2.5 billion to the economy as a result of the export ban.
Morgan estimated losses of about $400 million related to Hurricane Katrina in large part because of its significant concentration of retail branches on the Gulf Coast.
Sushil Kumar Shinde, who was India's Power Minster until yesterday, has estimated losses from theft and faulty transmission to be around thirty-eight per cent.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com