Business
Allstate Reports Strong Earnings and Increased Growth
The Allstate Corporation (NYSE: ALL) today reported financial results for the first quarter of 2026.
About this update from Allstate Corporation (the)
[{"type":"text","content":"NORTHBROOK, Ill., April 29, 2026 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today reported financial results for the first quarter of 2026.","length":149,"tagName":"p"},{"type":"image","alt":"Allstate logo. (PRNewsFoto/Allstate Insurance Company) (PRNewsFoto/)","displaySize":"","headline":null,"caption":"Allstate logo. (PRNewsFoto/Allstate Insurance Company) (PRNewsFoto/)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":235,"url":"https://media.zenfs.com/en/prnewswire.com/da6603c23fb699f030ae877525cacbd8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Z1IJKEy8yrVLCT3V09kBlQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQxNA--/https://media.zenfs.com/en/prnewswire.com/da6603c23fb699f030ae877525cacbd8","width":400,"height":235}},"href":"https://mma.prnewswire.com/media/378670/ALLSTATE_LOGO.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Allstate's strategy and execution capabilities generated strong earnings and increased growth in the first quarter," said Tom Wilson, who leads The Allstate Corporation. "Revenues were $16.9 billion and net income was $2.4 billion. Policies in force reached 212 million, reflecting increased growth in auto and homeowners insurance and Protection Plans. The Property-Liability combined ratio was strong, and the underlying combined ratio* improved in all personal lines products and brands. Investment income increased by 9.8%, reflecting portfolio growth and higher fixed income yields. Adjusted net income* was $2.8 billion, or $10.65 per diluted common share."","length":693,"tagName":"p"},{"type":"text","content":""The broad set of competitive tools created through Transformative Growth is driving strong performance," continued Wilson. "Market share of auto and homeowners insurance increased in many states due to a comprehensive approach of more affordable prices, new products, expanded benefits, bundled offerings, lower expenses, sophisticated analytics and increased marketing. This positioned Allstate and independent agents and direct distribution to capture a record amount of new business in the quarter. Retention losses were slightly lower reflecting last year's focus on improving customer experience. Protection offerings were also broadened with Protection Services policies increasing ov...