The Allstate Corporation's Stock Analysis

Allstate Reports Second Quarter 2025 Financial Results

The Allstate Corporation reported revenues of $16.6 billion for the second quarter of 2025, representing a 5.8% increase compared to the same period last year. Net income applicable to common shareholders was $2.1 billion, significantly higher than the $301 million reported in the prior year quarter, primarily due to a $643 million gain from the divestiture of its Employer Voluntary Benefits business. Adjusted net income for the quarter was $1.6 billion, or $5.94 per diluted share, compared to $429 million in the prior year quarter. The company also reported a 4% increase in total policies in force, driven by growth in Protection Plans and personal property-liability policies.

In the Property-Liability segment, earned premiums grew to $14.3 billion, a 7.5% increase year-over-year, with underwriting income improving to $1.3 billion compared to a loss in the prior year. The auto insurance combined ratio improved to 86.0, reflecting better margins and favorable reserve releases. Additionally, Allstate's investment portfolio generated $754 million in income, with net losses on investments reported at $144 million. The company completed the sale of its Group Health business, which is expected to contribute an estimated $500 million gain in the upcoming quarter. Shareholders will benefit from a 9% increase in the quarterly dividend to $1.00 per common share.

Jul 30, 2025 16:16:52

Allstate Reports June Catastrophe Losses of $619 Million

The Allstate Corporation announced estimated catastrophe losses for June 2025 totaling $619 million, or $489 million after-tax. These losses stemmed from 15 events, with approximately 70% attributed to three significant wind and hail events. For the second quarter of 2025, total catastrophe losses reached $1.99 billion, or $1.57 billion after-tax.

In addition to the catastrophe losses, Allstate provided an update on its insurance policies in force. The company noted that policy counts are based on items rather than customers, meaning multi-car customers contribute multiple counts. Lender-placed policies are excluded from these counts. Investors can access further financial information and material announcements through the company’s investor relations website.

Jul 17, 2025 07:50:49

Allstate Reports February Catastrophe Losses and Policy Changes

The Allstate Corporation reported estimated catastrophe losses for February at $92 million, translating to $73 million after-tax. Year-to-date total catastrophe losses reached $1.17 billion, or $922 million after-tax. In terms of policies in force, Allstate noted a slight increase in auto and homeowners policies compared to January 2025, while commercial lines experienced a significant decline.

In comparison to February 2024, Allstate's auto policies decreased by 0.9%, while homeowners policies increased by 2.5%. The overall total policies in force showed a minor decline of 0.3% from the previous year. The commercial lines saw a notable drop of 29% year-over-year, indicating challenges in that segment.

Mar 20, 2025 07:50:12

Allstate Corporation: Catastrophe Losses Update

Allstate Corporation reports $1.40 billion catastrophe losses in May 2024, with $1.10 billion after-tax. Majority losses from wind and hail events in Texas, Colorado, and Illinois. Total losses for April and May were $1.89 billion pre-tax, and year-to-date losses for May reached $2.62 billion pre-tax.

Jun 20, 2024 07:45:25

Allstate Corporation Reports April 2024 Catastrophe Losses

Allstate Corporation disclosed April 2024 catastrophe losses of $494 million, with $390 million after-tax. The losses stemmed from 11 events, mostly wind, hail, or tornadic, totaling $491 million. Financial updates are available on www.allstateinvestors.com.

May 16, 2024 07:47:32

Allstate Corporation's January 2024 Catastrophe Losses and Rate Increases

Allstate Corporation reported $276 million estimated catastrophe losses for January, primarily driven by two events. Implemented rate increases for auto and homeowners insurance are expected to raise annualized written premiums by $363 million and $40 million respectively. Homeowners insurance average gross written premium increased by 12.1% in January 2024 compared to the prior year. The company continues to pursue rate increases to improve auto insurance profit and keep pace with loss cost trends.

Feb 15, 2024 07:53:28

Allstate Corporation Q4 2023 Results and Business Update

Allstate Corporation reported strong Q4 2023 results with a net income of $1.5 billion, driven by improved auto profitability and mild weather. Property-Liability written premiums increased by 10.1%, and underwriting income totaled $1.3 billion with a combined ratio of 89.5. The company made significant progress in transforming its personal property-liability business to generate higher growth, reducing expenses, expanding customer access, and leveraging technology. Allstate plans to continue increasing shareholder value by improving profitability and generating long-term growth.

Feb 07, 2024 16:16:20

Allstate Announces September and Third Quarter 2023 Catastrophe Losses, Implemented Rates and Prior Year Reserve Reestimates

The Allstate Corporation announced estimated catastrophe losses for September of $317 million or $250 million, after-tax, with 80% of the losses related to wind and hail events. Total catastrophe losses for the third quarter were $1.18 billion. Unfavorable prior year reserve reestimates totaled $166 million, with $95 million related to personal auto for the National General brand. Allstate implemented auto rate increases of 4.5% across 9 locations in September, resulting in a premium impact of 0.9%. Rate increases for auto and homeowners insurance have raised annualized written premiums by approximately $2.46 billion and $971 million respectively.

Oct 19, 2023 07:57:48