Allstate reported first quarter 2026 revenues of $16.9 billion, a 3.0% increase from the prior-year quarter, with adjusted net income rising to $2.8 billion, or $10.65 per diluted share, compared to $949 million a year ago.
Key Highlights
- The Property-Liability combined ratio significantly improved to 82.0, a 15.4-point improvement from the prior-year quarter, generating underwriting income of $2.7 billion compared to $360 million last year.
- Catastrophe losses decreased to $1.2 billion from $2.2 billion in the first quarter of 2025, contributing substantially to the improved underwriting results.
- The auto insurance segment benefited from a favorable prior year reserve release of $838 million, which improved its combined ratio by 8.8 points.
- Total policies in force grew to 212 million, an increase of 2.5% over the prior year, led by growth in auto and homeowners insurance.