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"losses sustained" is correct and usable in written English.
You can use it when you are talking about a situation where something has been lost, lost permanently, or damaged. For example: "The company reported huge losses sustained during the pandemic."
Exact(60)
Despite the heavy losses sustained here, nearly everyone involved believes it was worth it.
But does that make it evil – profiting on the back of losses sustained by innocent shareholders?
It is still seething over the losses sustained in the mutiny.
The scale of the losses sustained by Africa is not widely recognized.
Of 2,000 Union regiments, the 20th Mass ranks fifth in losses sustained.
Crabbies' departure from the scene has been well anticipated, particularly following losses sustained by its parent company, Halewood.
Here, too, the UK deserves credit for highlighting the revenue losses sustained by Africa and other regions.
But the plan, which does not cover losses sustained from the collapse of MF Global, is largely symbolic.
The society maintains a client-compensation fund to reduce and relieve losses sustained from dishonesty by solicitors.
The deal was one of several takeovers used to cover up investment losses sustained over more than a decade.
Mr. Paulson, not surprisingly, did not talk about the huge losses sustained in some of his funds.
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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