$ALL · ALLSTATE CORP
Allstate filed its Q3 2026 Form 10-Q. Net income attributable to Allstate was $2.079B, down from $3.746B a year ago, on total revenue of $17.348B (+0.5% YoY). Diluted EPS was $8.03 versus $13.95. The decline reflects a $545M net loss on investments and derivatives (vs a $252M gain last year) and higher P&C claims expense of $9.94B (vs $8.65B), plus the absence of a $720M gain on disposition of operations recorded in Q3 2025.
- Net income attributable to Allstate fell to $2.079B from $3.746B YoY.
- Diluted EPS was $8.03 versus $13.95 a year earlier.
- Net investment losses were $545M versus a $252M gain in Q3 2025.
- P&C claims expense rose to $9.94B from $8.65B.
- Auto reserve releases totaled $802M in Q3 2026, including injury coverages.
Extended-hours last trade $268.08, down 0.36% vs the $269.06 regular close, a muted reaction to the earnings decline.
A 44% drop in quarterly net income driven by investment losses and higher claims shows earnings pressure despite strong auto reserve releases.
The results reflect the broader P&C industry's exposure to catastrophe losses and investment-market volatility, with reserve releases partially offsetting underwriting pressure.
Catastrophe losses of $4.61B in the first nine months of 2026 remain a key earnings volatility driver; prior-year reserve reestimates increased reserves by $216M in Q3.