ALLSTATE (ALL) Company Report

Allstate incurred estimated catastrophe losses of $46 million (or $36 million after-tax) in November 2025; losses for October + November totaled $129 million (or $101 million after-tax).
Total policies in force reached 38.2 million as of November 30, 2025, up 0.1% month-over-month and 1.5% year-over-year; auto and homeowners lines saw the strongest growth.
Financial updates and material announcements are posted on Allstate’s investor website; forward-looking statements are subject to standard risk factors.

1 day ago

Press Release

Allstate reports November 2025 catastrophe losses and policies in force

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November 2025 estimated catastrophe losses: $46 million pre-tax and $36 million after-tax; October–November combined losses of $129 million pre-tax and $101 million after-tax.
Policies in force as of November 30, 2025: 25,455 thousand auto, 7,673 thousand homeowners, 4,904 thousand other personal lines, 175 thousand commercial; total 38,207 thousand policies, up 0.1% from October and 1.5% year-over-year.
Release furnished under Regulation FD and posted as Exhibit 99 on Allstate’s investor site.

1 day ago

8-K

Allstate presents at Goldman Sachs 2025 US Financial Services Conference

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Allstate reported LTM Sept 30 property-liability insurance premiums of $56.8 B, net investment income $3.39 B, total revenues $66.8 B, net income $8.26 B, and 34.7% adjusted return on equity
Allstate’s 10-year combined ratio for personal auto was 97.1%, outperforming the industry average 101.6%, while homeowners was 88.9% vs 103.5% industry
Since 2019, Allstate increased personal auto market share from 9.3% to 10.2%, and homeowners share shifted from 6.8% to 6.1% as of 2024
The company reduced its adjusted expense ratio by 6.7 points since 2018, introduced 7–8% direct channel discounts, and boosted marketing spend to $2.2 B over the last 12 months vs $0.9 B in 2019
Allstate’s AI platform (ALLIE) is delivering efficiency gains, including a 45% reduction in policy billing inquiries and 100% of claims adjuster emails processed by AI

Dec 10, 2025, 1:00 PM

Presentation

Allstate details strong performance, growth strategy, and AI initiatives

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New Projects/Investments

M&A

Share Buyback

Allstate delivered 8.2% growth in personal property liability premiums to $56.8 billion, 18% higher net investment income of $3.4 billion, net income of $8.3 billion (up >100%), and a 34.7% ROE over the past 12 months, while trading at a 7.4 P/E ratio.
The five-part transformative growth plan reduced the expense ratio by 6.7 points since 2018, expanded distribution via National General and direct channels, launched new Allstate and Custom 360 products in up to 42 states, and increased marketing spend to $2.2 billion, driving new business from 3.6 million to 8.5 million policies annually.
In the 15 fastest-growing states through Q3 2025, auto policies grew 8.8% and homeowners 11.3%, though countrywide growth was dampened by profitability measures in California, New York, and New Jersey.
Allstate’s ALI ecosystem leverages generative AI for billing, coding, and communications, with agentic AI under development to optimize pricing, claims, and customer service, supporting further market-share gains and expanded protection offerings.
With ~$1 billion of capital generated monthly, Allstate prioritizes organic growth at attractive returns, has executed targeted M&A (e.g., National General), and will deploy excess capital via share buybacks when appropriate.

Dec 10, 2025, 1:00 PM

Transcript

Allstate outlines strategy at Goldman Sachs U.S. Financial Services Conference

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M&A

Share Buyback

New Projects/Investments

Allstate reported $56.8 billion in property-liability premiums (+8.2%), $3.4 billion net investment income (+18%), $8.3 billion net income (up >100%), and 34.7% ROE over the past 12 months.
Since 2019, the transformative growth plan lifted auto market share from 9.3% to 10.2%, grew homeowners share above 8%, and trimmed the expense ratio by 6.7 points versus 2018.
Distribution expanded through the $4.1 billion National General acquisition (premiums scaled from ~$4 billion to $11 billion) and bolstered direct and independent channels.
Allstate is deploying generative AI for coding, billing, and actuarial tasks and building its agentic AI ecosystem (ALI) on a modern orchestration layer to enhance pricing, marketing, and claims operations.
The company holds ample capital, prioritizes organic growth at attractive returns, and has repurchased a significant share of stock, with limited near-term M&A appetite beyond core property-liability opportunities.

Dec 10, 2025, 1:00 PM

Transcript

Allstate outlines growth and AI strategy at Goldman Sachs conference

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M&A

Share Buyback

Over the last twelve months, Allstate achieved $56.8 billion in property-liability premiums (+8.2%), $3.4 billion net investment income (+18%), net income of $8.3 billion (+100%), adjusted net income of $7.6 billion (+72.8%), and ROE of 34.7%; yet trades at a P/E of 7.4x.
The company’s five-part “transformative growth” plan—competitive pricing, cost reduction (−6.7 pts expense ratio), expanded distribution (Allstate agents, independent agents, direct), new products, and marketing—has raised auto market share from 9.3% to 10.2% and homeowners share from 8% upward, driving new business from 3.6 M to 8.5 M policies annually.
Allstate is deploying generative AI for billing, coding, and communications, and building an agentic AI ecosystem (“ALI”) to optimize pricing, marketing, claims, and customer engagement.
With strong capital generation (~$1 billion/month), Allstate prioritizes organic growth, opportunistic M&A (e.g., National General acquisition), and share repurchases when excess capital is available.

Dec 10, 2025, 1:00 PM

Transcript

Allstate launches Scam Protection workplace fraud coverage

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Product Launch

Allstate launches Scam Protection, a new workplace benefit reimbursing employees up to $50,000 per year for verified scams, ransomware and cryptocurrency theft.
Benefit is available to nearly 7 million employees and their families, including seniors 65 and older, through employer-sponsored plans.
Coverage features web, email and mobile protection, scam takedown services and personal coaching, with unlimited claims capped at $50,000 annually.
In 2024, Allstate Identity Protection recovered $33.2 million in potential identity theft losses, including $9.8 million in Q4 alone, amid rising cybercrime.

Nov 20, 2025, 1:00 PM

Press Release

Allstate reports October 2025 catastrophe losses and policies in force

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Allstate estimated October 2025 catastrophe losses of $83 million gross and $65 million after-tax from five wind and hail events.
As of October 31, 2025, Allstate Protection policies in force totaled 38,155 thousand, including 25,417 thousand auto, 7,656 thousand homeowners, 4,907 thousand other personal lines and 175 thousand commercial lines, up 0.3% month-over-month and 1.4% year-over-year.
The release was furnished under Regulation FD as Exhibit 99 to Form 8-K (Item 7.01) on November 20, 2025.

Nov 20, 2025, 12:45 PM

8-K

Allstate reports Q3 2025 results

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Earnings

Allstate posted Q3 2025 revenues of $17.3 billion, a 3.8% increase year-over-year.
Net income applicable to common shareholders was $3.7 billion (NM), with adjusted net income at $3.0 billion, up 184%, driving adjusted EPS of $11.17, up 185.7%.
Property-Liability insurance premiums rose 6.1% to $14.5 billion, and policies in force reached 209.5 million, up 3.8%.
Adjusted return on equity was 34.7%, an improvement of 8.6 pts, underscoring strong capital generation.

Nov 6, 2025, 2:00 PM

Presentation

Allstate reports Q3 2025 results

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Earnings

Revenues rose to $17.3 billion, with net income of $3.7 billion and adjusted net income of $3.0 billion (or $11.17 per share); LTM ROE was 34.7%
Policies in force reached 209.5 million, up 3.8%, with property liability premiums +6.1% and protection services premiums +12.7% year-over-year
Transformative growth cut the expense ratio by 6.7 points, broadened auto new business equally across Allstate agents, independents and direct channels, and the SAVE program lowered rates for over 5 million customers
Investment portfolio book value is up 39% since Q1 2021; Q3 net investment income grew 21.2%, shareholders’ equity rose from $21.4 billion to $27.5 billion, and $1.8 billion was returned to shareholders over the last 12 months

Nov 6, 2025, 2:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for ALLSTATE.

Q3 2025

Nov 6, 2025

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Q2 2025

Jul 31, 2025

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ALLSTATE (ALL)

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