Fitch Ratings upgraded The Allstate Corporation's core property and casualty subsidiaries. Their Insurer Financial Strength (IFS) ratings moved to 'A+' from 'A', with a stable outlook. Fitch attributes the upgrade to a stronger assessment of the company's capitalization. It also cites sustained, strong underwriting performance.
Fitch noted significant improvement in Allstate's underwriting profitability. Its GAAP combined ratio fell to 85.2% in 2025 from 94.3% in 2024. Strong performance continued into the first half of 2026. The rating agency also highlighted Allstate's leading market positions in personal auto and homeowners' insurance. It cited the company's broad distribution network and a decline in financial leverage as supporting factors.