Allstate stock faces earnings test as analysts see profit falling
Published on 11/03/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAllstate earnings setup
- Allstate is due to release third-quarter results after the market close on Wednesday, November 4.
- Analysts expect weaker Property-Liability underwriting and higher combined ratios to weigh on quarterly profit.
- The company has exceeded consensus earnings estimates in each of the last four quarters, according to Zacks.
Allstate is approaching its third-quarter 2026 earnings release with analysts focused on weaker underwriting. In an analysis published on Monday, November 2, Zacks Investment Research said the insurer is scheduled to report after the market close on Wednesday, November 4.
Allstate stock traded at 234.90 euros on Lang & Schwarz at 1:14 p.m. CET on Tuesday, November 3, 2026. Investors can follow the real-time quote of Allstate stock.
Profit outlook under pressure
Zacks put the consensus estimate for quarterly earnings at 7.03 US dollars per share and revenue at 17.84 billion US dollars. The forecast implies a 37.1 percent decline in profit from the year-earlier quarter, while revenue is expected to rise 4.9 percent. The estimate has seen four upward and four downward revisions over the past 60 days, pointing to a market view that remains divided ahead of the release.
For the full year, analysts expect Allstate revenue of 71.04 billion US dollars, up 4.7 percent, and earnings of 36.21 US dollars per share, up 4 percent. Zacks also said Allstate has beaten consensus earnings estimates in each of the past four quarters, with an average surprise of 45.3 percent. Its model indicated a possible further beat, based on a positive Earnings ESP of 5.25 percent and a Zacks Rank of 3.
Underwriting is the central risk
The main pressure point is the Property-Liability business. Zacks expects underwriting income in the segment to fall 55.7 percent year over year, while the combined ratio is forecast at 91.4 percent, compared with 80.1 percent a year earlier. A higher combined ratio indicates that claims and expenses are consuming more of the premium base.
Within the Auto business, analysts expect underwriting income of 1.1 billion US dollars, down from 1.7 billion US dollars in the year-earlier quarter. The projected Auto combined ratio is 88.6 percent, compared with 82 percent previously. Zacks also expects net premiums earned to increase 5.6 percent and net investment income to rise about 2 percent from 949 million US dollars.
Protection Services offers a partial counterweight. Adjusted net income in that business is expected to increase 29 percent, although operating costs and expenses are forecast to rise by more than 7 percent. The mix leaves the upcoming release dependent on whether premium growth and investment income can offset deterioration in claims-related profitability.
What investors should watch
The earnings release should clarify the severity of recent underwriting pressure and whether management sees the deterioration as temporary or persistent. Investors will also look for updates on claims trends, pricing, investment income and the outlook for Auto and homeowners insurance.
The S&P 500 provides the broader market backdrop for the US-listed insurer.
Allstate is scheduled to host its earnings call at 9:00 a.m. Eastern Time on Thursday, November 5. More news and analyses on Allstate stock will follow the release and management discussion.
Allstate Corporation
- Company: The Allstate Corporation
- ISIN: US0200021014
- Ticker: ALL
- Quote: 234.90 euros on Lang & Schwarz, November 3, 2026, 1:14 p.m. CET
- Upcoming event: Third-quarter 2026 results, November 4, 2026, after the market close
- Earnings call: November 5, 2026, at 9:00 a.m. Eastern Time
