Allstate stock gets fresh test as Q3 profit falls, policies grow
Published on 11/05/2026 at 15:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQ3 Results Shift the Insurance Debate
- Allstate increased revenue and policy counts in the third quarter ended September 30.
- Higher catastrophe losses reduced reported profit and underwriting income.
- Management is scheduled to discuss the results on Thursday, November 5.
Allstate reported its third-quarter 2026 results on Wednesday, November 4, with revenue edging higher while catastrophe losses pressured reported profit. The release from The Allstate Corporation covers the quarter ended September 30.
Revenue Growth Meets Higher Claims Pressure
Allstate generated revenue of 17.348 billion US dollars, up 0.5 percent from the year-earlier quarter. Net income applicable to common shareholders fell 44.8 percent to 2.050 billion US dollars, while adjusted net income declined 16.2 percent to 2.493 billion US dollars, or 9.76 US dollars per diluted share.
The main drag came from catastrophe losses of 1.650 billion US dollars, compared with 558 million US dollars a year earlier. Property-Liability underwriting income fell 30.1 percent to 2.022 billion US dollars, while the recorded combined ratio increased to 86.6 percent from 80.1 percent. The underlying combined ratio, which excludes catastrophe effects and other specified items, rose to 80.5 percent from 78.7 percent.
Policy Growth Supports the Expansion Plan
Property-Liability earned premiums increased 3.8 percent to 15.086 billion US dollars. Policies in force grew 3.3 percent year over year, with auto policies up 3.4 percent and homeowners policies up 3.3 percent. Protection Services revenue rose 6.9 percent to 964 million US dollars.
Investment income also improved, increasing by 228 million US dollars to 1.177 billion US dollars. At the same time, net losses on investments and derivatives reached 545 million US dollars, compared with a gain of 252 million US dollars in the prior-year quarter. That mix leaves reported earnings more volatile than the underlying insurance trend.
What Investors Watch Next
Allstate said it returned approximately 1.5 billion US dollars to shareholders through repurchases and dividends during the quarter. The company also said Arity agreed in November to acquire the remaining ownership of Replica, with closing expected before the end of 2026.
Allstate stock traded at 244.70 euros on Lang & Schwarz at 15:36 CET on Thursday, November 5, 2026; see the real-time quote of Allstate stock.
Allstate Corporation
- ISIN: US0200021014
- Ticker: ALL
- Home exchange: NYSE
- Lang & Schwarz quote: 244.70 euros on Thursday, November 5, 2026, at 15:36 CET
- Third-quarter revenue: 17.348 billion US dollars
- Adjusted net income: 2.493 billion US dollars
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