$ALL · ALLSTATE CORP
Allstate reported Q3 2026 results: total revenues of $17.348B, up 0.5% YoY. Net income applicable to common shareholders was $2.05B ($8.03 diluted EPS), down 44.8% from $3.72B a year ago, driven by catastrophe losses of $1.65B (vs $558M prior year) and net investment losses of $545M. Adjusted net income was $2.49B, or $9.76 per diluted share, down 16.2% from $2.98B. Property-Liability recorded combined ratio rose 6.5 points to 86.6.
- Total revenues $17.348B, up 0.5% YoY.
- Net income applicable to common shareholders $2.05B, down 44.8% YoY.
- Adjusted net income $2.49B, or $9.76 per diluted share, down 16.2%.
- Catastrophe losses $1.65B vs $558M prior year quarter.
- Property-Liability policies in force up 3.3% to 39.3M; total policies 217.6M.
Stock closed +2.89% at $269.06; extended-hours last trade $268.08, -0.36% vs regular close, suggesting a muted after-hours reaction to mixed results.
Strong underlying underwriting and growth contrast with a sharp GAAP earnings drop from catastrophe and investment losses.
Elevated catastrophe losses ($1.65B) pressured underwriting income, a theme across P&C insurers this quarter, though underlying combined ratio of 80.5 remained strong.
Catastrophe losses nearly tripled YoY to $1.65B, and net losses on investments and derivatives swung to -$545M from +$252M, pressuring GAAP earnings.