ALL ALLSTATE CORP
Price Chart
Executive Summary
Allstate reported Q1 2026 revenue of $16.9B (+3.0% YoY), slightly below consensus of $17.29B, but net income surged to $2.4B from $0.6B a year ago, driven by a 15.4-point improvement in the Property-Liability combined ratio to 82.0 and a $2.3B jump in underwriting income. Adjusted net income of $10.65 per share and a 44.4% adjusted ROE underscore strong operational momentum, with capital returns of $881M via dividends and buybacks.
Actionable Insight
Allstate's underwriting turnaround and strong capital return program support further upside. Watch for continued improvement in underlying auto combined ratio and premium growth. The slight revenue miss may cause muted short-term reaction, but earnings quality is robust.
Key Facts
- Revenue $16.9B, up 3.0% YoY, consensus $17.29B (miss by ~2%)
- Net income applicable to common shareholders $2.4B vs $566M prior year
- Adjusted net income $10.65 per diluted share vs $3.53 prior year
- Property-Liability combined ratio 82.0 vs 97.4 (improvement of 15.4 pts)
- Underlying combined ratio improved to 80.3 vs 83.1
- Underwriting income $2.66B vs $360M prior year
- Policies in force up 2.5% to 212 million
- Book value per share $113.52, up 52% YoY
- Return on equity 48.4% (trailing 12 months)
- Dividend increased to $1.08 per share; $881M returned to shareholders
Financial Impact
Net income surged from $566M to $2.4B; underwriting income rose $2.3B YoY; dividend increased 8% to $1.08
Risk Factors
- Catastrophe losses remain volatile; Q1 2026 losses were $1.2B vs $2.2B prior year
- Investment portfolio returned -0.2% in Q1 due to equity valuation declines
- Auto rate decreases netted to zero in Q1, potentially pressuring earned premium growth
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000899051-26-000074 |
| Document: allcorp33126investorsupp.htm | 0000899051-26-000074 |
| Document: all-20260429.htm | 0000899051-26-000074 |
| Document: 0000899051-26-000074-index-headers.html | 0000899051-26-000074 |
| Document: 0000899051-26-000074-index.html | 0000899051-26-000074 |
| Document: 0000899051-26-000074.txt | 0000899051-26-000074 |
| 8-K Data (Synthetic) | 0000899051-26-000074 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 21, 2026
24d ago
|
8-K
| $25.91 $25.86 | ▼ −0.19% | ▼ −2.04% | $221.63 (+755.38%) |
|
Apr 29, 2026
6w ago
|
8-K
| $26.19 $26.13 | ▼ −0.23% | ▼ −1.96% | $221.63 (+746.24%) |
|
Apr 16, 2026
8w ago
|
8-K
| $25.89 $25.98 | ▼ −0.35% | ▲ +0.64% | $221.63 (−756.04%) |
|
Apr 10, 2026
9w ago
|
DEFA14A
| $25.88 $25.99 | ▲ +0.42% | ▼ −2.87% | $221.63 (+756.38%) |
|
Mar 19, 2026
12w ago
|
8-K
| $203.92 $207.01 | ▲ +1.52% | ▲ +3.73% | $221.63 (+8.69%) |
US Market Status
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