Jun 2026 (Q2 FY26) — Aug 6, 2026
Allstate Q2 FY26 — Exceptional Earnings and Strategic Growth
Read the full callAllstate (ALL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Allstate earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 18,596 | +11.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 3,271 | +55.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 of 7 judged targets kept · 4 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Completion of existing share repurchase program | $1.5 billion program | Dec 2025 | We completed the former $1.5 billion share repurchase program and launched a new $4 billion share repurchase program, accelerating the pace of repurchases. | Achieved |
| Launch of ASC Auto product in New Jersey | Launch the product | Dec 2025 | Pending | |
| Book gain on sale of EVB and Group Health businesses | approximately $1 billion | Dec 2024 | Ghosted |
1 of ALLSTATE CORP's 11 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.
Claimed
- Total revenues grew to $18.6 billion, up 11.8% from Q2 2025.
- Net investment income increased 33.8% to $1 billion.
- Property-Liability combined ratio improved 4.5 points to 86.6%, with underwriting income up nearly 57% to $2 billion.
- Adjusted net income was $2.3 billion or $8.99 per share, with a 44.2% adjusted net income return on equity over the last 12 months.
- Auto insurance new business increased to 2.3 million items (vs 1.5 million 3 years ago), and homeowners new business increased 46.8% to 411,000 policies.
Qualified
- Property-Liability expense ratio increased 1 point, with half attributed to higher advertising and the remainder to nonrecurring legal expenses.
Price
$246.85 −0.42% · −$1.03
Performance +26.0% 1Y
1Y: $195.87 on 17 Oct 2025 → $246.85. High $275.11 (6 Aug 2026), low $190 (29 Oct 2025).
- Previous close
- $247.88
- 52-week range
- $190 – $275.11
- One year
- +27.38%
Overview
- Symbol
- ALL
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 of 7 judged targets kept · 4 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Completion of existing share repurchase program | $1.5 billion program | Dec 2025 | We completed the former $1.5 billion share repurchase program and launched a new $4 billion share repurchase program, accelerating the pace of repurchases. | Achieved |
| Launch of ASC Auto product in New Jersey | Launch the product | Dec 2025 | Pending | |
| Book gain on sale of EVB and Group Health businesses | approximately $1 billion | Dec 2024 | Ghosted |
Claimed
- Total revenues grew to $18.6 billion, up 11.8% from Q2 2025.
- Net investment income increased 33.8% to $1 billion.
- Property-Liability combined ratio improved 4.5 points to 86.6%, with underwriting income up nearly 57% to $2 billion.
- Adjusted net income was $2.3 billion or $8.99 per share, with a 44.2% adjusted net income return on equity over the last 12 months.
- Auto insurance new business increased to 2.3 million items (vs 1.5 million 3 years ago), and homeowners new business increased 46.8% to 411,000 policies.
Qualified
- Property-Liability expense ratio increased 1 point, with half attributed to higher advertising and the remainder to nonrecurring legal expenses.
The full ledger
Open ALLSTATE CORP’s full ledger
A free account opens 5 company ledgers a month. All 11 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
The Allstate Corporation Q1 FY26 — profitable share gains across auto and homeowners with accelerated buybacks
Read the full callDec 2025 (Q4 FY25) — Feb 5, 2026
The Allstate Corporation Q4 FY25 — Strong Underwriting, Capital Returns, and Transformative Growth
Read the full callEvery analysed call
Allstate earnings calls (ALL)
Financials
What the filings say
Net profit, year on year: +55% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 16,627 | 16,506 | 16,452 | 16,633 | 17,255 | 17,345 | 16,941 | 18,596 |
| Net profit | 1,190 | 1,928 | 595 | 2,109 | 3,746 | 3,832 | 2,457 | 3,271 |
| EPS ($ per share) | 4.39 | 7.16 | 2.13 | 7.86 | 14.13 | 14.55 | 9.36 | 12.66 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 44,033 | 48,074 | 52,767 | 53,294 | 50,970 | 49,716 | 53,288 | 62,393 |
| Total liabilities | 90,937 | 93,952 | 95,770 | 74,313 | 80,626 | 85,732 | 90,250 | 89,169 |
| Fixed assets | 1,045 | 1,145 | 1,057 | 939 | 987 | 859 | 669 | 627 |
| Investments | 3,027 | 4,260 | 6,807 | 4,009 | 4,173 | 5,144 | 4,537 | 4,887 |
| Total assets | 112,249 | 119,950 | 125,987 | 99,440 | 97,989 | 103,362 | 111,617 | 119,758 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 5,175 | 5,129 | 5,491 | 5,116 | 5,121 | 4,228 | 8,931 | 10,110 |
| Cash from investing | -1,719 | -2,807 | -3,441 | 510 | -1,728 | -2,999 | -8,252 | -7,255 |
| Cash from financing | -3,574 | -2,483 | -2,011 | -5,240 | -3,420 | -1,243 | -697 | -2,881 |
| Net cash flow | -118 | -161 | 39 | 386 | -27 | -14 | -18 | -26 |
| Capital expenditure | -277 | -433 | -308 | -345 | -420 | -267 | -210 | -228 |
| Free cash flow | 4,898 | 4,696 | 5,183 | 4,771 | 4,701 | 3,961 | 8,721 | 9,882 |
ALL revenue by segment
Allstate Health and Benefits shrank from 4% to 2% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Protection Services | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | +10.7% |
| Corporate and Other | <1% | <1% | <1% | 1% | 1% | <1% | <1% | 1% | +31.1% |
| Allstate Health and Benefits | 4% | 4% | 4% | 2% | 0% | -2% | 0% | 0% | -100.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ALL operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Combined ratio Property-Liability | 86.9%On the bottom half of the table, you see the strong margins delivered during the quarter with the total Property-Liability recorded combined ratio of 86.9%, reflecting a 2.6 point improvement compared to the prior year.Source: earnings call transcript | 97.4%The combined ratio of 97.4% was 4.4 points above the prior year quarter, primarily due to a $3.3 billion in gross catastrophe losses during the quarter, which was significantly higher than the first quarter of last year.Source: earnings call transcript | 91.1%The combined ratio of 91.1% was a 10-point improvement from the prior year quarter, driven by improved underlying trends and $376 million in favorable prior year non-catastrophe reserve reestimates.Source: earnings call transcript | — | 82%The property-liability recorded combined ratio was 82% and the underlying combined ratio is 80.3%, a 2.8 point improvement from the prior year.Source: earnings call transcript | — | — |
| Combined ratio Auto insurance | — | — | 86%Shifting to Auto Insurance on the top right, the combined ratio was 86% in the quarter, a 9.9 point improvement from the second quarter of 2024 due to improved frequency and moderating severity trends.Source: earnings call transcript | — | — | 83.3%Auto insurance generated an 83.3% combined ratio, improving 2.7 points from the prior year.Source: earnings call transcript | — |
| Policies in force Property-Liability | 37.5MThe chart to the left shows the composition of property liabilities 37.5 million policies in force.Source: earnings call transcript | 37.7MIn the chart to the left, you can see the composition of Property-Liability's 37.7 million policies in force.Source: earnings call transcript | 37.9MIn the chart to the left, you can see the composition of Allstate's 37.9 million Property-Liability policies in force with growth results for the quarter shown at the bottom of the chart.Source: earnings call transcript | — | — | — | +0.5% |
| Policies in force Auto | 24.9MAuto is the largest at 24.9 million and homeowners represents approximately 20% of policies in force.Source: earnings call transcript | 25.1MAuto insurance in the dark blue makes up 2/3 of total policies and ended the quarter with 25.1 million policies in force, which was down 0.4% compared to last year.Source: earnings call transcript | 25.2MAuto insurance with 25.2 million policies in force, shown in dark blue, accounts for 2/3 of total property liability policies and year-over-year growth turned positive during the quarter, ending the second quarter at plus 0.5% above prior year.Source: earnings call transcript | — | — | — | +0.4% |
| Policies in force Homeowners | — | 7.5MHomeowners with 7.5 million policies is about 20% of the total and continued to grow this quarter, increasing 2.5% versus prior year.Source: earnings call transcript | 7.6MThe homeowners business accounts for approximately 20% or 7.6 million property-liability policies and continued to grow in the second quarter, increasing 2.3% relative to the prior year quarter.Source: earnings call transcript | — | — | — | +1.3% |
| Policies in force Protection Services | — | — | 170MProtection Services, while smaller, is still a really significant business with 170 million policies in force, $3.2 billion of revenue and $0.25 billion of income over the last 12 months.Source: earnings call transcript | 171MIt has 171 million policies in force, generates $3.3 billion in revenue and had $211 million of income over the last 12 months.Source: earnings call transcript | — | 177MThe segment has 177 million policies in force, contributing $3.4 billion to our top line and generating over $200 million in adjusted net income in the last 12 months.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
164 filings between Oct 20, 2025 and Oct 3, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$84.07M
58 sales by 7 insiders
86% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 22
- Award — granted as compensation
- 45
- Option exercise — converted options into shares
- 35
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| WILSON THOMAS J | — | $38.06M | Mar 16, 2026 |
| Rizzo Mario | — | $18.94M | Aug 11, 2026 |
| Gupta Suren | — | $10.31M | Jan 7, 2026 |
| Dugenske John E | — | $8.89M | Aug 7, 2026 |
| Merten Jesse E | — | $7.09M | Feb 25, 2026 |
| REDMOND ANDREA | — | $451.5K | Jun 1, 2026 |
| Prindiville Mark Q | — | $335.2K | May 22, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 3, 2026 | Rizzo Mario Insider | Tax withheld | 8 | $1.8K |
| Oct 3, 2026 | Dugenske John E Insider | Option exercise | 1,581 | $0 |
| Oct 3, 2026 | Jeevanjee Zulfikar Insider | Tax withheld | 1,045 | $233.8K |
| Oct 3, 2026 | Merten Jesse E Insider | Tax withheld | 8 | $1.8K |
| Oct 3, 2026 | Jeevanjee Zulfikar Insider | Option exercise | 2,371 | $0 |
| Oct 3, 2026 | Rizzo Mario Insider | Option exercise | 19 | $0 |
| Oct 3, 2026 | Merten Jesse E Insider | Option exercise | 18 | $0 |
| Oct 3, 2026 | Dugenske John E Insider | Tax withheld | 701 | $156.8K |
| Oct 1, 2026 | TRAQUINA PERRY M Director | Award | 183 | $41.1K |
| Oct 1, 2026 | KEANE MARGARET M Director | Award | 150 | $33.7K |
| Oct 1, 2026 | Perold Jacques P Director | Award | 189 | $42.4K |
| Sep 6, 2026 | Jeevanjee Zulfikar Insider | Award | 483 | $0 |
| Sep 6, 2026 | Jeevanjee Zulfikar Insider | Tax withheld | 213 | $55.3K |
| Sep 3, 2026 | KEANE MARGARET M Director | Gift | 944 | $0 |
| Aug 11, 2026 | Rizzo Mario Insider | Sale | 12,827 | $3.41M |
| Aug 11, 2026 | Rizzo Mario Insider | Option exercise | 56,225 | $5.20M |
| Aug 11, 2026 | Rizzo Mario Insider | Sale | 43,398 | $11.46M |
| Aug 7, 2026 | Dugenske John E Insider | Sale | 25,717 | $6.91M |
| Aug 7, 2026 | Dugenske John E Insider | Sale | 3,378 | $912.7K |
| Aug 7, 2026 | Dugenske John E Insider | Sale | 3,901 | $1.06M |
| Jul 1, 2026 | KEANE MARGARET M Director | Award | 138 | $33.6K |
| Jul 1, 2026 | TRAQUINA PERRY M Director | Award | 169 | $41.1K |
| Jul 1, 2026 | Perold Jacques P Director | Award | 174 | $42.3K |
| Jun 30, 2026 | TRAQUINA PERRY M Director | Option exercise | 1,966 | $0 |
| Jun 5, 2026 | Ferren Eric K SVP, Controller, and CAO | Tax withheld | 72 | $15.9K |
| Jun 5, 2026 | Ferren Eric K SVP, Controller, and CAO | Option exercise | 245 | $0 |
| Jun 4, 2026 | Carter Andrea M Insider | Tax withheld | 1,654 | $348.7K |
| Jun 4, 2026 | Carter Andrea M Insider | Option exercise | 4,025 | $0 |
| Jun 1, 2026 | HUME RICHARD T Director | Option exercise | 1,603 | $0 |
| Jun 1, 2026 | REDMOND ANDREA Director | Sale | 2,225 | $451.5K |
| Jun 1, 2026 | REDMOND ANDREA Director | Option exercise | 2,225 | $0 |
| Jun 1, 2026 | Turner Monica J Director | Option exercise | 1,603 | $0 |
| Jun 1, 2026 | Perold Jacques P Director | Option exercise | 1,603 | $0 |
| Jun 1, 2026 | KEANE MARGARET M Director | Option exercise | 1,603 | $0 |
| May 22, 2026 | Prindiville Mark Q Insider | Sale | 1,550 | $335.2K |
| May 22, 2026 | Prindiville Mark Q Insider | Option exercise | 1,550 | $107.4K |
| May 1, 2026 | Rizzo Mario Insider | Sale | 18,578 | $4.06M |
| May 1, 2026 | Rizzo Mario Insider | Option exercise | 18,578 | $1.72M |
| Apr 1, 2026 | KEANE MARGARET M Director | Award | 165 | $33.7K |
| Apr 1, 2026 | Perold Jacques P Director | Award | 208 | $42.5K |
| Apr 1, 2026 | TRAQUINA PERRY M Director | Award | 202 | $41.2K |
| Mar 16, 2026 | WILSON THOMAS J Chairman, President & CEO | Sale 10b5-1 plan | 9,320 | $1.95M |
| Mar 16, 2026 | WILSON THOMAS J Chairman, President & CEO | Sale 10b5-1 plan | 5,348 | $1.11M |
| Mar 16, 2026 | WILSON THOMAS J Chairman, President & CEO | Sale 10b5-1 plan | 2,139 | $444.2K |
| Mar 2, 2026 | WILSON THOMAS J Chairman, President & CEO | Sale 10b5-1 plan | 9,284 | $1.97M |
| Mar 2, 2026 | WILSON THOMAS J Chairman, President & CEO | Sale 10b5-1 plan | 911 | $194.5K |
| Mar 2, 2026 | WILSON THOMAS J Chairman, President & CEO | Sale 10b5-1 plan | 6,612 | $1.41M |
| Feb 25, 2026 | Merten Jesse E Insider | Sale 10b5-1 plan | 15,893 | $3.31M |
| Feb 25, 2026 | Merten Jesse E Insider | Sale 10b5-1 plan | 7,982 | $1.67M |
| Feb 25, 2026 | Merten Jesse E Insider | Sale 10b5-1 plan | 1,300 | $273.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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