Allstate Q3 net income falls due to higher catastrophe losses, absence of prior-year sale gain

Allstate

04/11/2026 21:39

Overview
U.S. insurance provider's Q3 revenue rose 0.5% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat consensus
Net income fell yr/yr due to higher catastrophe losses and absence of prior-year business sale gain

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
UNDERWRITING MARGINS - Co said strong underwriting margins in auto and homeowners insurance contributed to Q3 earnings
INVESTMENT INCOME - Higher market-based and performance-based investment income boosted results
PROTECTION SERVICES - Growth in Protection Plans and Roadside services lifted Protection Services revenue

Company press release: ID:nPnzvCna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$17.35 bln
$16.06 bln (8 Analysts)
Q3 Adjusted EPS
Beat
$9.76
$6.90 (22 Analysts)
Q3 Adjusted Net Income
Beat
$2.49 bln
$1.75 bln (15 Analysts)
Q3 Net Income Applicable to common shareholders
 
$2.05 bln
 
Q3 Adjusted Combined Ratio
 
80.50%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy", 12 "hold" and 3 "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 $264.00, about 1% above its November 3 closing price of $261.50
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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(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.)