Quarterly ResultAug 5, 2026, 04:23 PM
Allstate Q2 Net Income $3.2B, Revenue $18.6B; Share Buyback $1.0B
AI Summary
Allstate Corporation reported strong financial results for the second quarter of 2026, with total revenues increasing 11.8% to $18.6 billion and net income rising 55.9% to $3.2 billion. Adjusted net income reached $2.3 billion, or $8.99 per diluted share. The company returned $1.0 billion to shareholders through share repurchases during the quarter, contributing to $3.5 billion in total cash returns over the past year. Operational improvements were noted across Property-Liability and Protection Services segments, alongside increased net investment income.
Key Highlights
- Total revenues for Q2 2026 increased 11.8% year-over-year to $18.6 billion.
- Net income applicable to common shareholders rose 55.9% to $3.2 billion.
- Adjusted net income was $2.3 billion, or $8.99 per diluted share, up 46.4%.
- Share repurchases totaled $1.0 billion for the quarter, with $3.5 billion returned to shareholders over the last year.
- Property-Liability earned premiums grew 4.0% to $14.9 billion, with underwriting income up 56.7% to $2.0 billion.
- Property-Liability recorded combined ratio improved by 4.5 points to 86.6.
- Protection Services revenues increased 7.8% to $935 million.
- Net investment income was $1.0 billion, a $255 million increase from the prior year.
Price Impact
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