The Allstate Corporation (ALL) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $17.348B, up 0.5% YoY; net income was $2.050B and adjusted net income was $2.493B, or $9.76 per diluted share.

• Property-Liability policies in force grew 3.3% YoY; total policies in force reached 217.6M, up 3.9%.

• Q3 net income fell amid higher catastrophe losses, investment losses and prior-year business-sale gains; Transformative Growth emphasizes market-share gains, customer value, technology and AI.

Financial highlights

• Total revenue was $17.348B, up 0.5% YoY; Property-Liability net premiums written rose 2.5% to $16.020B.

• Net income applicable to common shareholders fell 44.8% to $2.050B; adjusted net income declined 16.2% to $2.493B.

• Net investment income rose 24.0% to $1.177B; Q3 net investment and derivative losses were $545M versus $252M of gains a year earlier.

• Nine-month common net income rose to $7.72B from $6.36B; revenue increased 5.1% to $52.89B.

Outlook and guidance

• Priorities include growing personal Property-Liability market share, expanding Protection Services and delivering shareholder value through Transformative Growth.

• ALLIE agentic assistant capabilities are planned for early 2027; timing and market development remain uncertain.

• Replica acquisition is expected to close before year-end 2026, subject to customary conditions; rate adjustments will be made where needed to keep pace with costs.

• Technology investments are expected to enable legacy-system retirements and cost savings over the next few years while maintaining expense-reduction commitments.