Quarterly ResultApr 29, 2026, 04:44 PM
ALL Q1 Net Income $2.46B, +313%; EPS $9.36, +339%
AI Summary
ALLSTATE CORP reported a significant increase in its first-quarter 2026 financial results, with net income attributable to Allstate surging 313% to $2.46 billion and basic EPS rising 339% to $9.36. Total revenues increased 3% to $16.94 billion, driven by a 5.8% growth in property and casualty insurance premiums. The company also saw a favorable 15.1% decrease in property and casualty insurance claims and expenses, contributing to a 630% increase in Allstate Protection's underwriting income.
Key Highlights
- Net income attributable to Allstate surged 313% to $2.46 billion for Q1 2026, up from $595 million in Q1 2025.
- Basic earnings per common share increased 339% to $9.36 in Q1 2026, compared to $2.13 in Q1 2025.
- Total revenues rose 3% to $16.94 billion in Q1 2026, up from $16.45 billion in the prior year period.
- Property and casualty insurance premiums grew 5.8% to $15.55 billion in Q1 2026.
- Property and casualty insurance claims and claims expense decreased 15.1% to $9.19 billion.
- Allstate Protection segment's underwriting income soared 630% to $2.66 billion.
- Net cash provided by operating activities increased 81% to $3.56 billion.
- Treasury stock purchases amounted to $614 million in Q1 2026, up from $99 million in Q1 2025.
Price Impact
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