Allstate earnings: third quarter 2026

Allstate's third quarter of 2026 was a story of storms. Sales barely moved at $17.3 billion, and profit fell because catastrophe losses nearly tripled, mostly in home insurance. The company's adjusted earnings per share, which leave out investment gains and losses and similar items, were $9.76, down from $11.17 a year ago. That was still well above what analysts had expected. Underneath the storm damage, the home insurance business stayed very profitable and kept growing. Car insurance, the largest part of the company, was weaker, with costs rising faster than prices. Income from its investments grew strongly, and Allstate kept buying back shares and raised its dividend. It gives no forecast for the quarter or the year ahead. ¹

Against what analysts expected

Allstate's adjusted earnings per share of $9.76 came in about 39% above the $7.03 analysts expected on average, according to Nasdaq's earnings calendar; even the reported figure of $8.03 was above that forecast. ¹²

The strong points

• The income Allstate earns from investing the premiums it holds rose by $228 million on a year ago. ¹
• Leaving storms aside, home insurance was as profitable as a year ago, while the premiums it earned grew 11.5%. ¹
• Allstate kept buying back its own shares and raised its quarterly dividend to $1.08 from $1.00. ¹

The weak points

• Storm and other catastrophe losses nearly tripled to $1.65 billion. ¹
• Adjusted net income fell 16.2% while sales barely grew. ¹
• In car insurance, claims and costs took 89.8 cents of every premium dollar once storms and older claims are set aside, up from 86.0. ¹

What the company expects

• Allstate gives no forecast for its sales or profit for the next quarter or the year, as it gave none last time either. ¹
• The company plans to keep buying back shares and has $1.3 billion left under its current buyback plan. ¹

Our verdict on the quarter

A strong report. Profit fell on a year ago because of heavy storm losses and car insurance was weaker, but earnings came in far above what analysts expected, with the underlying home business still healthy and no forecast to cut.

The results as published

• The results release itself
• The filing it came with (SEC)
• The previous results, for what it forecast then

Notes

1. Allstate's results release, 4 November 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 4 November 2026. ↩