Allstate posts Q3 2026 earnings with modest revenue growth and higher catastrophe losses
Allstate Corp reported third‑quarter 2026 revenue of about $17.35 billion, a slight increase from a year earlier. Net income to common shareholders fell to $2.05 billion, or $8.03 per diluted share, while adjusted net income was $2.49 billion, or $9.76 per diluted share. The decline was driven by a sharp rise in catastrophe losses, partially offset by premium growth and higher investment income. Policies in force grew roughly 3.9% year‑over‑year, with auto and homeowners policies up 3.4% and 3.3% respectively.
Why it matters
The company said the higher catastrophe losses reduced net earnings, so investors can expect lower profitability for the quarter despite revenue staying flat. Adjusted earnings beat expectations, which may support the stock’s recent price gains.
Key facts
- 1Consolidated revenue for Q3 2026 was $17.35 billion, up 0.5% from the prior year quarter. tradingview.com
- 2Net income to common shareholders totaled $2.05 billion, equating to $8.03 per diluted share. tradingview.com
- 3Adjusted net income reached $2.49 billion, or $9.76 per diluted share. tradingview.com
- 4Total policies in force rose to 217.6 million, a 3.9% increase year over year. tradingview.com
- 5Property‑Liability combined ratio was 86.6, 6.5 points higher than the prior year quarter because of higher catastrophe losses. finance.yahoo.com
- 6Net investment income grew to $1.18 billion from $949 million a year earlier. tradingview.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.