Allstate Q2 revenue, adjusted EPS beat estimates on insurance growth

Allstate

05/08/2026 22:03

Overview
U.S. insurance provider's Q2 revenue rose 12%, beating analyst expectations
Adjusted EPS for Q2 beat consensus, rising 51% year-over-year
Company increased share repurchases to $1.0 bln in the quarter

Outlook
Company did not provide specific guidance or forecasts for the current or future periods

Result Drivers
POLICY GROWTH - Co said revenue growth was driven by increased policies in force, especially in auto and homeowners insurance
HIGHER PREMIUMS - Co attributed premium growth to higher average homeowners insurance prices and rate increases
STRONG INVESTMENT INCOME - Co said net investment income rose $255 mln year-over-year, helped by higher fixed income yields and performance-based assets

Company press release: ID:nPn69t5mta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$18.60 bln
$15.66 bln (6 Analysts)
Q2 Adjusted EPS
Beat
$8.99
$6.12 (21 Analysts)
Q2 Adjusted Net Income
Beat
$2.33 bln
$1.54 bln (15 Analysts)
Q2 Net Income
 
$3.27 bln
 
Q2 Underlying Combined Ratio
 
79.40%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 14 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "hold."
Wall Street's median 12-month price target for Allstate Corp is $250.00, about 4.8% below its August 4 closing price of $262.56
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 3 - EverQuote Q2 revenue beats estimates on auto, home insurance demand
Aug 5 - Kemper Q2 revenue misses estimates on lower personal auto volumes
Aug 5 - American Coastal Q2 net income falls driven by lower net premiums earned

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)