Allstate Corp

Latest Results (19.10.2025):

In the first quarter of 2024, Allstate Corporation reported strong financial performance, marked by a 10.7% increase in consolidated revenues to $15.3 billion and a significant turnaround in net income. The company achieved a net income applicable to common shareholders of $1.2 billion, reversing the net loss of $346 million from the same period last year.

Revenue Growth

Allstate's consolidated revenues grew by 10.7% year-over-year, reaching $15.3 billion for the first quarter of 2024. This increase was driven primarily by higher average premiums, resulting in a $1.3 billion rise in Property-Liability earned premiums.

Net Income Turnaround

The company reported a net income of $1.2 billion applicable to common shareholders, compared to a net loss of $346 million in the prior year quarter. Adjusted net income was $1.4 billion, or $5.13 per diluted share, up from an adjusted net loss of $342 million, or $1.30 per diluted share.

Underwriting Improvements

Property-Liability underwriting results saw significant improvement, with earned premiums increasing by 10.9% to $12.9 billion. The combined ratio decreased to 93.0%, reflecting better loss experience and lower catastrophe losses compared to the same quarter last year.

Enhanced Shareholder Value

Allstate's book value per common share rose by 6.2% to $62.27. The return on common shareholders’ equity also improved to 7.6% over the trailing twelve months, up from a loss of 13.0% in the previous year.

Strategic Growth Initiatives

The company continued to execute its strategy to increase market share in auto and home insurance, supported by attractive margins and increased advertising investment. National General also contributed to policy growth through independent agents, enhancing overall profitability.