ALL · The Allstate Corporation

The Allstate Corporation delivered strong first quarter 2026 results, with net income applicable to common shareholders rising to $2.4 billion from $566 million in the prior year quarter. This performance was primarily driven by improved underwriting results and higher investment income. Total revenues increased 3.0% to $16.9 billion, supported by a 5.5% increase in Property-Liability earned premiums. The Property-Liability combined ratio improved significantly to 82.0 from 97.4 in the prior year, reflecting lower catastrophe losses, prior year reserve releases, and higher average earned premiums. Specifically, prior year reserve liabilities were lowered by $838 million, improving the current quarter combined ratio by 8.8 points. The underlying combined ratio also improved to 80.3 from 83.1. Investment income rose 9.8% to $938 million due to portfolio growth and higher fixed income yields. The company returned $881 million to shareholders through dividends and share repurchases. Book value per common share increased to $113.52 from $74.61 in the prior year.