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The Allstate Corporation, a US personal property and casualty insurer, has reported total revenues of $18.6 billion in the second quarter of 2026, up 11.8% from $16.6 billion in the same period a year prior.
The company attributed the revenue growth to increased policies in force, higher average homeowners insurance prices and strong investment results.
Net income applicable to common shareholders stood at $3.2 billion, a 55.9% increase from $2.1 billion in Q2’25, while adjusted net income was $2.3 billion, up 46.4% from $1.6 billion.
Net investment income climbed to $1 billion from $754 million.
Within Property-Liability, premiums written increased 2.6% to $15.4 billion from $15 billion, while premiums earned rose 4% to $14.9 billion from $14.3 billion, reflecting policy in force growth and higher homeowners insurance average premiums.
Underwriting income increased 56.7% to $2.0 billion from $1.3 billion in the prior-year quarter.
Property-Liability recorded a combined ratio of 86.6%, down from 91.1%, driven by lower catastrophe losses and more favourable prior-year reserve releases, partially offset by higher legal expenses.
The company said Allstate Protection’s auto insurance results reflected the execution of its Transformative Growth strategy, with strong profitability and policy growth driven by expanded distribution and increased customer value.
Allstate Protection homeowners insurance remains a competitive advantage and continues to deliver profitable growth. Underwriting profit of $226 million increased from a loss of $76 million, reflecting higher earned premiums and lower catastrophe losses.
Protection Services’ revenues increased to $935 million in Q2’26, up 7.8% year on year, primarily due to continued Protection Plans growth. Adjusted net income of $53 million decreased by $7 million compared with the prior-year quarter, primarily due to higher Protection Plans claim costs.
Total policies in force increased 3.8% to 215,935 from 208,051.
Tom Wilson, Chair, President and CEO at The Allstate Corporation, said, “Allstate delivered strong operating and financial results in the second quarter of 2026, while executing our strategic growth plans.
“Revenues increased to $18.6 billion reflecting increased policies in force, higher average homeowners insurance prices and strong investment results. Net income was $3.2 billion and adjusted net income* was $2.3 billion, or $8.99 per diluted share. Adjusted net income return on equity* was 44.2% over the last 12 months. Share repurchases were increased to $1.0 billion for the quarter.
“Allstate creates shareholder value through operational excellence, sustainable growth and capital generation. Operational excellence is reflected in improving customer satisfaction while maintaining industry-leading Property-Liability returns. Transformative Growth is resulting in Property-Liability market share growth while Protection Services expands protection offerings. Capital generation supported organic growth, increased investment income and strong cash returns to shareholders, which were $3.5 billion, or 6.7% of market capitalisation, over the last year.”
The post Allstate’s revenue rises 11.8% to $18.6bn in Q2’26 appeared first on ReinsuranceNe.ws.
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