Quarterly ResultApr 29, 2026, 04:41 PM
ALL Q1 Revenue $16.9B; Adj EPS $10.65; Net Income $2.4B
AI Summary
Allstate reported strong first-quarter 2026 financial results, with total revenues increasing 3.0% to $16.9 billion and net income applicable to common shareholders reaching $2.4 billion, significantly up from the prior year. Adjusted net income was $2.8 billion, or $10.65 per diluted common share. The company saw increased growth in auto and homeowners insurance policies, improved Property-Liability combined ratios, and higher investment income, benefiting shareholders through strong earnings, dividends, and share repurchases.
Key Highlights
- Total revenues increased 3.0% to $16.9 billion in Q1 2026.
- Net income applicable to common shareholders was $2.4 billion, up from $566 million YoY.
- Adjusted net income was $2.8 billion, or $10.65 per diluted share.
- Property-Liability earned premiums rose 5.5% to $14.8 billion, with underwriting income of $2.7 billion.
- Property-Liability recorded combined ratio improved by 15.4 points to 82.0.
- Auto insurance policies in force grew 2.6%, with new business up 9.4%.
- Homeowners insurance underwriting income was $685 million, reversing a prior year loss.
- $881 million cash returned to shareholders via dividends and share repurchases.