Allstate Corp., US0200021014

Allstate reports USD 1.65 billion losses: Allstate stock gains 2.32 percent

Published on 10/21/2026 at 10:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

September losses reached USD 220 million, or USD 173 million after tax. Allstate stock costs EUR 222.45 on October 21, 2026, 2.32 percent above Xetra close.

Insurance losses shape the setup

Allstate reported USD 1.65 billion in third-quarter catastrophe losses on October 15, 2026.
BofA raised its target from USD 336.00 to USD 340.00 on October 12, 2026.
Allstate stock trades at EUR 222.45 at 10:50 a.m. CEST at Lang & Schwarz on October 21, 2026, 2.32 percent above the Xetra close of October 20, 2026.

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Allstate Corp. (ISIN US0200021014) was trading at EUR 222.45 at Lang & Schwarz at 10:50 a.m. CEST on October 21, 2026, up 2.32 percent versus the Xetra close of October 20, 2026 at EUR 217.40. The insurer had reported USD 1.65 billion in third-quarter catastrophe losses on October 15, 2026, keeping claims exposure at the center of the earnings setup.

Losses set the earnings hurdle

According to Allstate Newsroom, September catastrophe losses were USD 220 million before tax and USD 173 million after tax. The company said total third-quarter catastrophe losses reached USD 1.65 billion, or USD 1.30 billion after tax.

The comparison is material for the next report. AM Best reported that the third-quarter figure was above the USD 558 million recorded in the third quarter of 2025. The increase puts more weight on premium growth, underwriting performance and management commentary when Allstate publishes its results.

What does the target change signal?

On October 12, 2026, BofA raised its Allstate price target from USD 336.00 to USD 340.00 while keeping a Buy rating, as reported by TipRanks. The target revision contrasts with the catastrophe-loss burden and gives investors a clear benchmark for the next earnings reaction.

Three dates frame the stock

On October 5, 2026, Allstate scheduled its third-quarter earnings release for November 4 and its earnings call for November 5, according to StockTitan. On October 12, 2026, BofA set its USD 340.00 target after the earlier USD 336.00 target. On October 15, 2026, Allstate reported the USD 1.65 billion third-quarter catastrophe-loss figure.

The next two scheduled dates are November 4, 2026, for third-quarter results, and November 5, 2026, for the earnings call, according to Simply Wall St.

Stock trades above the Xetra close

Allstate's market capitalization was USD 63.2 billion as of October 20, 2026, while its 52-week range was USD 188.08 to USD 277.22. The valuation leaves the upcoming results as the next test of whether higher catastrophe claims are being absorbed by the broader insurance business.

Allstate stock was trading at EUR 222.45 at Lang & Schwarz on October 21, 2026 at 10:50 a.m. CEST, 2.32 percent above the Xetra close of October 20, 2026 at EUR 217.40. The further course of trading is shown by the continuously updated real-time quote of Allstate stock.