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Key Takeaways Allstate is positioned for growth as underwriting profitability, investment income and policy counts improve.Policies in force reached about 216 million in Q2, while issued applications increased 9.9%.Net investment income rose 33.8% in Q2 to $1 billion, while Allstate repurchased $1 billion of stock. Property and casualty insurer The Allstate Corporation (ALL - Free Report) appears well positioned for growth, supported by improving underwriting profitability, rising investment income, solid policy growth and increased capital returns.

Its shares have gained 23.6% year to date, comfortably outperforming the industry’s 2.4% increase and the S&P 500’s 11.7% rise, signaling investor confidence.

Price Performance - ALL, Industry & S&P 500 Image Source: Zacks Investment Research

The rising frequency and severity of natural catastrophes are increasing claims costs but also creating growth opportunities for the property and casualty insurance industry. Greater exposure to weather-related risks is raising awareness among households and businesses, supporting demand for broader and more tailored insurance coverage. For Allstate, this environment can drive premium growth, improve pricing adequacy and encourage product innovation as the company adjusts coverage and rates to better reflect evolving risk.

Allstate is growing without sacrificing margins. Policies in force reached roughly 216 million in the second quarter. Auto and homeowners policies continued to increase, while issued applications rose 9.9%. It is steadily scaling its Protection Services business, creating a complementary growth engine beyond traditional insurance.

Auto’s first-half underlying combined ratio was 88.5, down from the year-ago level of 89.5, substantially better than the roughly mid-90s level Allstate has historically viewed. Management will likely trade some margin for profitable growth where appropriate.

Investment income has become another meaningful earnings engine. Net investment income increased 9.8% in the first quarter and then 33.8% in the second quarter to $1 billion, benefiting from a larger portfolio, higher fixed-income yields and stronger performance-based investment returns.

Allstate had about $9.5 billion of deployable holding-company capital following the second quarter and repurchased $1 billion of stock during the quarter, along with paying $280 million in dividends. Over the past decade, ALL repurchased 39% of its outstanding shares. It still has $2.6 billion left under its buyback authorization.

Allstate’s Earnings Estimates & Surprise HistoryThe Zacks Consensus Estimate for 2026 adjusted earnings for Allstate is currently pegged at $34.45 per share, which has witnessed 12 upward revisions against no downward movement over the past month. During this time, the consensus mark for 2027 earnings improved 4%. The consensus estimate for 2026 and 2027 revenues suggests 4.4% and 4% year-over-year increases, respectively.

It beat earnings estimates in each of the past four quarters, with an average surprise of 45.3%.

ALL is trading comparatively cheap at the moment from a valuation standpoint. Its forward earnings multiple of 8.73X is lower than its five-year median of 10.90X and the industry average of 26.85X. Allstate now has a Value Score of A.

Zacks Rank & Other Key PicksAllstate currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked stocks in the broader insurance space are Horace Mann Educators Corporation (HMN - Free Report) , CNO Financial Group, Inc. (CNO - Free Report) and Assurant, Inc. (AIZ - Free Report) . While Horace Mann Educators also has a Zacks Rank #1, CNO Financial and Assurant are carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Horace Mann Educators’ current-year earnings is pegged at $4.78 per share, which has witnessed two upward revisions over the past 30 days and no movement in the opposite direction. Furthermore, the consensus estimate for HMN’s 2026 revenues indicates a 3.9% year-over-year increase.

The consensus mark for CNO Financial’s current-year earnings is pegged at $4.74 per share, which indicates 16.2% year-over-year growth. It has witnessed two upward estimate revisions against none in the opposite direction in the past 30 days. CNO beat earnings estimates in each of the last four quarters, with an average surprise of 23.2%.

The Zacks Consensus Estimate for Assurant’s current year earnings is pegged at $22.05 per share, which indicates 11.5% year-over-year growth. It has witnessed five upward estimate revisions against none in the opposite direction in the past month. AIZ beat earnings estimates in each of the last four quarters, with an average surprise of 17.7%.

AssuredPartners Investment Advisors LLC purchased a new stake in The Allstate Corporation (NYSE:ALL – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,309 shares of the insurance provider’s stock, valued at approximately $787,000.

Several other institutional investors have also made changes to their positions in ALL. Gables Capital Management Inc. acquired a new position in shares of Allstate in the 2nd quarter worth approximately $26,000. Allied Private Wealth LLC bought a new position in shares of Allstate in the second quarter valued at about $29,000. Kelleher Financial Advisors acquired a new stake in shares of Allstate in the 2nd quarter valued at $28,000. MV Capital Management Inc. acquired a new position in shares of Allstate during the fourth quarter valued at $25,000. Finally, Navalign LLC acquired a new stake in shares of Allstate during the 4th quarter worth approximately $27,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Down 0.3% ALL stock opened at $260.24 on Thursday. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $277.22. The business has a 50-day simple moving average of $249.00 and a 200 day simple moving average of $224.35. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The company has a market cap of $65.80 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 0.40 and a beta of 0.16.

Allstate (NYSE:ALL – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm had revenue of $15.43 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same period in the prior year, the company posted $5.94 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts anticipate that The Allstate Corporation will post 34.5 EPS for the current fiscal year. Allstate Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. Allstate’s dividend payout ratio (DPR) is 8.63%.

Analyst Upgrades and Downgrades A number of research analysts have issued reports on ALL shares. JPMorgan Chase & Co. boosted their target price on Allstate from $282.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Zacks Research upgraded shares of Allstate from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. HSBC downgraded shares of Allstate from a “buy” rating to a “hold” rating and increased their price objective for the stock from $244.00 to $264.00 in a research note on Monday, July 6th. Finally, Weiss Ratings upgraded Allstate from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $265.53.

Get Our Latest Research Report on Allstate

Insider Transactions at Allstate In related news, insider John E. Dugenske sold 32,996 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the sale, the insider owned 13,054 shares in the company, valued at $3,515,833.82. The trade was a 71.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the transaction, the insider directly owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. The trade was a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 92,996 shares of company stock worth $24,543,894. Insiders own 1.55% of the company’s stock.

Allstate Company Profile (Free Report)

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.

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, /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today reported financial results for the second quarter of 2026.

"Allstate delivered strong operating and financial results in the second quarter of 2026, while executing our strategic growth plans," said Tom Wilson, who leads The Allstate Corporation. "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 capitalization, over the last year," concluded Wilson.

Second Quarter 2026 Results

Total revenues of $18.6 billion in the second quarter of 2026 were $2.0 billion or 11.8% higher than the prior year quarter. Net income applicable to common shareholders was $3.2 billion in the second quarter of 2026, compared to $2.1 billion in the prior year quarter, reflecting strong underwriting results. Adjusted net income* was $2.3 billion, or $8.99 per diluted share, compared to $1.6 billion in the prior year quarter. The Allstate Corporation Consolidated Highlights

As of or for the three months
ended June 30,

As of or for the six months
ended June 30,

($ in millions, except per share data and ratios)

2026

2025

% / pts

Change

2026

2025

% / pts

Change

Consolidated revenues

$ 18,596

$ 16,633

11.8 %

$           35,537

$           33,085

7.4 %

Net income applicable to common shareholders

3,241

2,079

55.9 %

5,669

2,645

114.3 %

per diluted common share

12.51

7.76

61.2 %

21.73

9.85

120.6 %

Adjusted net income*

2,330

1,591

46.4 %

5,127

2,540

101.9 %

per diluted common share*

8.99

5.94

51.3 %

19.65

9.46

107.7 %

Return on Allstate common shareholders' equity (trailing twelve months)

Net income applicable to common shareholders

49.1 %

29.6 %

19.5

Adjusted net income*

44.2 %

28.6 %

15.6

Common shares outstanding (in millions)

253.5

263.8

(3.9) %

Book value per common share

$           123.38

$ 82.40

49.7 %

Total policies in force (in thousands) (1)

215,935

208,051

3.8 %

(1)

Excludes policies in force related to the employer voluntary benefits and group health businesses sold in 2025.

 *

Measures used in this release that are not based on accounting principles generally accepted in the United States of America ("non-GAAP") are denoted with an asterisk and defined and reconciled to the most directly comparable GAAP measure in the "Definitions of Non-GAAP Measures" section of this document.

----------------------------------------------------------------------------------------------------------------------------------------------------------

Property-Liability earned premiums of $14.9 billion increased 4.0% in the second quarter of 2026 compared to the prior year, primarily driven by policy in force growth and higher homeowners insurance average premiums. Underwriting income was $2.0 billion compared to $1.3 billion in the prior year quarter. Property-Liability Results

As of or for the three months
ended June 30,

As of or for the six months
ended June 30,

($ in millions)

2026

2025

% / pts

Change

2026

2025

% / pts

Change

Premiums written

$ 15,431

$ 15,047

2.6 %

$ 30,056

$ 29,344

2.4 %

Premiums earned

$ 14,918

$ 14,346

4.0 %

$ 29,720

$ 28,373

4.7 %

Recorded combined ratio

86.6

91.1

(4.5)

84.3

94.2

(9.9)

Underlying combined ratio*

79.4

79.5

(0.1)

79.8

81.3

(1.5)

Catastrophe losses

$   1,722

$   1,990

(13.5) %

$   2,962

$   4,192

(29.3) %

Underwriting income

$   2,006

$   1,280

56.7 %

$   4,664

$   1,640

184.4 %

Policies in force (in thousands)

38,897

37,900

2.6 %

Premiums written increased 2.6% compared to the prior year quarter, reflecting policy in force growth and higher homeowners insurance average premiums. Property-Liability recorded combined ratio was 86.6 for the quarter, which was an improvement of 4.5 points versus the prior year quarter. The improvement was driven by lower catastrophe losses and more favorable prior year reserve releases, partially offset by higher legal expenses. Policies in force increased by 2.6%, led by growth in auto and homeowners insurance policies. Allstate-branded Affordable, Simple, Connected auto insurance products are now available in 45 states with the homeowners insurance product available in 41 states. Custom360® middle market standard and preferred auto and homeowners insurance products for the independent agent channel are available in 41 states. Allstate Protection auto insurance results reflect Transformative Growth execution, with strong profitability and policy growth, driven by expanded distribution and increased customer value. Allstate Protection Auto Results

As of or for the three months
ended June 30,

As of or for the six months
ended June 30,

($ in millions, except ratios)

2026

2025

% / pts

Change

2026

2025

% / pts

Change

Premiums written

$   9,572

$   9,533

0.4 %

$ 19,422

$ 19,381

0.2 %

Premiums earned

$   9,644

$   9,528

1.2 %

$ 19,191

$ 18,875

1.7 %

Recorded combined ratio

83.3

86.0

(2.7)

82.6

88.6

(6.0)

Underlying combined ratio*

87.6

87.8

(0.2)

88.5

89.5

(1.0)

Underwriting income

$   1,606

$   1,331

20.7 %

$   3,335

$   2,147

55.3 %

Policies in force (in thousands)

25,951

25,243

2.8 %

Written and earned premiums grew 0.4% and 1.2%, respectively, compared to the prior year quarter. The recorded auto insurance combined ratio of 83.3 in the second quarter of 2026 was a 2.7 point improvement from the prior year quarter, due primarily to the benefit of prior year reserve releases and improvement in underlying losses. The underlying auto insurance combined ratio* of 87.6 in the second quarter of 2026 was a 0.2 point improvement from the prior year quarter. This quarter benefited from 2.4 points of favorable development on claims reported in the first quarter of 2026. Auto insurance policies in force grew by 2.8% with an 8.8% increase in new business, reflecting affordability initiatives, expanded distribution, increased marketing and new products. 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 in the prior year quarter, reflecting higher earned premiums and lower catastrophe losses. Allstate Protection Homeowners Results

As of or for the three months
ended June 30,

As of or for the six months
ended June 30,

($ in millions, except ratios)

2026

2025

% / pts

Change

2026

2025

% / pts

Change

Premiums written

$   4,752

$   4,395

8.1 %

$   8,493

$   7,848

8.2 %

Premiums earned

$   4,201

$   3,771

11.4 %

$   8,365

$   7,428

12.6 %

Recorded combined ratio

94.6

102.0

(7.4)

89.1

107.1

(18.0)

Catastrophe losses

$   1,408

$   1,614

(12.8) %

$   2,454

$   3,438

(28.6) %

Underlying combined ratio*

61.5

58.6

2.9

61.0

60.5

0.5

Underwriting income (loss)

$     226

$     (76)

NM

$     911

$    (527)

NM

Policies in force (in thousands)

7,819

7,596

2.9 %

NM = not meaningful

Written premiums and earned premiums increased by 8.1% and 11.4% compared to the prior year quarter, respectively, due to higher average premiums and policy in force growth. A 5.8% increase in Allstate brand homeowners insurance average gross written premium compared to the prior year quarter reflects rate increases and higher home replacement costs. The recorded homeowners insurance combined ratio of 94.6 was 7.4 points below the second quarter of 2025, due to higher average earned premiums and lower catastrophe losses. Catastrophe losses of $1.4 billion in the quarter decreased 12.8% compared to the prior year. The underlying combined ratio* of 61.5 was 2.9 points above the prior year quarter, reflecting higher loss costs. Policies in force increased 2.9% compared to the prior year quarter, primarily driven by a 16.4% increase in new business, reflecting enhanced direct distribution capabilities and improved Allstate agent productivity. ----------------------------------------------------------------------------------------------------------------------------------------------------------

Protection Services is comprised of five businesses that broaden protection through embedded product offerings. Revenues increased to $935 million in the second quarter of 2026, 7.8% higher than the prior year quarter, primarily due to continued Protection Plans growth. Adjusted net income of $53 million decreased by $7 million compared to the prior year quarter, primarily due to higher Protection Plans claim costs. Protection Services Results

Three months ended June 30,

Six months ended June 30,

($ in millions)

2026

2025

% / $

Change

2026

2025

% / $

Change

Total revenues (1)

$     935

$     867

7.8 %

$   1,857

$   1,727

7.5 %

Protection Plans

615

563

9.2

1,228

1,103

11.3

Roadside

66

56

17.9

129

111

16.2

Dealer Services

147

148

(0.7)

295

294

0.3

Identity Protection

40

41

(2.4)

80

81

(1.2)

Arity

67

59

13.6

125

138

(9.4)

Adjusted net income (loss)

$      53

$      60

$    (7)

$     100

$     115

$   (15)

Protection Plans

42

51

(9)

83

96

(13)

Roadside

13

11

2

25

22

3

Dealer Services

3

4

(1)

8

8

—

Identity Protection

2

2

—

3

3

—

Arity

(7)

(8)

1

(19)

(14)

(5)

(1)

Excludes net gains and losses on investments and derivatives.

Protection Plans continued to expand distribution relationships and product offerings. Revenue of $615 million increased $52 million, or 9.2%, compared to the prior year quarter primarily due to strong international and domestic growth. Adjusted net income of $42 million in the second quarter of 2026 decreased $9 million compared to the prior year quarter primarily reflecting lower margins on major appliances. Roadside revenue of $66 million in the second quarter of 2026 increased 17.9% compared to the prior year quarter reflecting increased bundling with Allstate-branded Affordable, Simple, Connected auto insurance products and new partnerships. Adjusted net income of $13 million in the second quarter was $2 million higher than the prior year quarter. Dealer Services generated revenue of $147 million, relatively flat compared to the prior year quarter. Adjusted net income was $3 million compared to $4 million in the prior year quarter. Identity Protection revenue of $40 million in the second quarter of 2026 decreased 2.4% compared to the prior year quarter. Adjusted net income of $2 million in the second quarter of 2026 was in line with the prior year quarter. Arity revenue of $67 million increased 13.6% compared to the prior year quarter driven by higher lead generation advertising sales. Adjusted net loss was $7 million in the second quarter of 2026 compared to a loss of $8 million in the prior year quarter. -------------------------------------------------------------------------------------------------------------------------------------------------------

Allstate Investments uses a proactive approach to balancing risk and return for the $87.8 billion portfolio. Net investment income of $1.0 billion in the second quarter of 2026 increased by $255 million from the prior year quarter with contributions from both market-based and performance-based investments. Allstate Investment Results

Three months ended June 30,

Six months ended June 30,

($ in millions, except ratios)

2026

2025

$ / pts

Change

2026

2025

$ / pts

Change

Net investment income

$ 1,009

$   754

$     255

$ 1,947

$ 1,608

$     339

Market-based (1)

837

733

104

1,628

1,452

176

Performance-based (1)

239

79

160

446

275

171

Net gains (losses) on investments and derivatives

$ 1,055

$  (144)

$   1,199

$   650

$  (493)

$   1,143

Change in unrealized net capital gains and losses,
pre-tax (2)

$   185

$   492

$    (307)

$  (479)

$ 1,032

$  (1,511)

Total return on investment portfolio (2)

2.6 %

1.4 %

1.2

2.5 %

2.8 %

(0.3)

Total return on investment portfolio (2) (trailing
twelve months)

5.6 %

5.4 %

0.2

(1)

Investment expenses are not allocated between market-based and performance-based portfolios with the exception of investee level expenses.

(2)

Includes investments held for sale.

Market-based investment income was $837 million in the second quarter of 2026, an increase of $104 million, or 14.2%, compared to the prior year quarter, reflecting growth in asset balances to $78.0 billion and higher fixed income yields. Performance-based investment income totaled $239 million in the second quarter of 2026, an increase of $160 million over the prior year quarter with higher private equity and real estate income. The overall portfolio allocation to performance-based assets provides a diversifying source of attractive long-term returns; quarterly volatility in reported results is expected. Net gains on investments and derivatives were $1.1 billion in the second quarter of 2026, compared to losses of $144 million in the prior year quarter. Second quarter 2026 results primarily reflected valuation increases on public equity securities, partially offset by losses on repositioning sales and valuation and settlement of derivative instruments. Unrealized net capital losses totaled $97 million (pre-tax), a $185 million increase to the prior quarter end. Total return on the investment portfolio was 2.6% for the second quarter and 5.6% for the trailing twelve months. Proactive Capital Management

"Consistent operating performance continues to generate attractive returns and deployable capital," said John Dugenske, President, Investments and Corporate Strategy. "In the second quarter, we returned $1.3 billion to shareholders through $1.0 billion in share repurchases and $280 million in dividends. Allstate's financial strength provides flexibility to continue creating shareholder value while maintaining a resilient balance sheet," concluded Dugenske.

Visit www.allstateinvestors.com for additional information about Allstate's results, including a webcast of its quarterly conference call and the call presentation. The conference call will be at 9 a.m. ET on Thursday, August 6. Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

Forward-Looking Statements 
This news release contains "forward-looking statements" that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like "plans," "seeks," "expects," "will," "should," "anticipates," "estimates," "intends," "believes," "likely," "targets" and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section in our most recent annual report on Form 10-K. Forward-looking statements are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.

About Allstate
The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with affordable, simple and connected protection for autos, homes, electronic devices and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate has 216 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate." For more information, visit www.allstate.com.

THE ALLSTATE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)

($ in millions, except par value data)

June 30,
2026

December 31,
2025

Assets

Investments

Fixed income securities, at fair value (amortized cost, net $60,902 and $58,730)

$       60,809

$       59,115

Equity securities, at fair value (cost $10,071 and $8,026)

11,159

8,398

Mortgage loans, net

842

879

Limited partnership interests

8,967

8,844

Short-term, at fair value (amortized cost $4,874 and $4,888)

4,872

4,887

Other investments, net

1,153

1,114

Total investments

87,802

83,237

Cash

840

678

Premium installment receivables, net

11,864

11,474

Deferred policy acquisition costs

6,139

6,163

Reinsurance and indemnification recoverables, net

7,880

8,501

Accrued investment income

730

708

Property and equipment, net

591

627

Goodwill

3,118

3,118

Other assets, net

5,792

5,252

Total assets

$     124,756

$     119,758

Liabilities

Reserve for property and casualty insurance claims and claims expense

$       40,979

$       41,079

Unearned premiums

29,388

29,080

Claim payments outstanding

1,552

1,419

Deferred income taxes

172

227

Other liabilities and accrued expenses

11,495

9,874

Debt

7,492

7,490

Total liabilities

91,078

89,169

Equity

Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized,
82.0 thousand shares issued and outstanding, $2,050 aggregate liquidation preference

2,001

2,001

Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued,
254 million and 260 million shares outstanding

9

9

Additional capital paid-in

4,219

4,158

Retained income

67,504

62,393

Treasury stock, at cost (646 million and 640 million shares)

(39,842)

(38,206)

Accumulated other comprehensive income (loss):

Unrealized net capital gains and losses

(79)

297

Unrealized foreign currency translation adjustments

(126)

(55)

Unamortized pension and other postretirement prior service credit

10

11

Discount rate for reserve for future policy benefits

2

2

Total accumulated other comprehensive (loss) income

(193)

255

Total Allstate shareholders' equity

33,698

30,610

Noncontrolling interest

(20)

(21)

Total equity

33,678

30,589

Total liabilities and equity

$     124,756

$     119,758

THE ALLSTATE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

($ in millions, except per share data)

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Revenues

Property and casualty insurance premiums

$  15,670

$  15,041

$  31,223

$  29,739

Accident and health insurance premiums and contract charges

134

235

270

722

Other revenue

728

747

1,447

1,509

Net investment income

1,009

754

1,947

1,608

Net gains (losses) on investments and derivatives

1,055

(144)

650

(493)

Total revenues

18,596

16,633

35,537

33,085

Costs and expenses

Property and casualty insurance claims and claims expense

9,862

10,249

19,047

21,064

Accident, health and other policy benefits

72

188

148

521

Amortization of deferred policy acquisition costs

2,202

2,076

4,380

4,163

Operating costs and expenses

2,315

2,135

4,540

4,380

Pension and other postretirement remeasurement (gains) losses

(146)

—

(127)

78

Restructuring and related charges

7

15

12

31

Amortization of purchased intangibles

46

57

93

116

Interest expense

96

100

194

200

Total costs and expenses

14,454

14,820

28,287

30,553

Gain on disposition of operations

—

890

—

890

Income from operations before income tax expense

4,142

2,703

7,250

3,422

Income tax expense

871

604

1,521

727

Net income

3,271

2,099

5,729

2,695

Less: Net income (loss) attributable to noncontrolling interest

—

(10)

1

(9)

Net income attributable to Allstate

3,271

2,109

5,728

2,704

Less: Preferred stock dividends

30

30

59

59

Net income applicable to common shareholders

$   3,241

$   2,079

$   5,669

$   2,645

Earnings per common share:

Net income applicable to common shareholders per common share -
Basic

$   12.66

$     7.86

$    22.00

$     9.98

Weighted average common shares - Basic

256.0

264.6

257.7

264.9

Net income applicable to common shareholders per common share -
Diluted

$   12.51

$     7.76

$    21.73

$     9.85

Weighted average common shares - Diluted

259.1

267.9

260.9

268.4

Definitions of Non-GAAP Measures
We believe that investors' understanding of Allstate's performance is enhanced by our disclosure of the following non-GAAP measures. Our methods for calculating these measures may differ from those used by other companies and therefore comparability may be limited.

Adjusted net income (loss) is net income (loss) applicable to common shareholders, excluding:

Net gains and losses on investments and derivatives Pension and other postretirement remeasurement gains and losses Amortization or impairment of purchased intangibles Gain or loss on disposition Adjustments for other significant non-recurring, infrequent or unusual items, when (a) the nature of the charge or gain is such that it is reasonably unlikely to recur within two years, or (b) there has been no similar charge or gain within the prior two years Related income tax expense or benefit of these items Net income (loss) applicable to common shareholders is the GAAP measure that is most directly comparable to adjusted net income.

We use adjusted net income as an important measure to evaluate our results of operations. We believe that the measure provides investors with a valuable measure of the Company's ongoing performance because it reveals trends in our insurance and financial services business that may be obscured by the net effect of net gains and losses on investments and derivatives, pension and other postretirement remeasurement gains and losses, amortization or impairment of purchased intangibles, gain or loss on disposition and adjustments for other significant non-recurring, infrequent or unusual items and the related tax expense or benefit of these items. Net gains and losses on investments and derivatives, and pension and other postretirement remeasurement gains and losses may vary significantly between periods and are generally driven by business decisions and external economic developments such as capital market conditions, the timing of which is unrelated to the insurance underwriting process. Gain or loss on disposition is excluded because it is non-recurring in nature and the amortization or impairment of purchased intangibles is excluded because it relates to the acquisition purchase price and is not indicative of our underlying business results or trends. Non-recurring items are excluded because, by their nature, they are not indicative of our business or economic trends. Accordingly, adjusted net income excludes the effect of items that tend to be highly variable from period to period and highlights the results from ongoing operations and the underlying profitability of our business. A byproduct of excluding these items to determine adjusted net income is the transparency and understanding of their significance to net income variability and profitability while recognizing these or similar items may recur in subsequent periods. Adjusted net income is used by management along with the other components of net income (loss) applicable to common shareholders to assess our performance. We use adjusted measures of adjusted net income in incentive compensation. Therefore, we believe it is useful for investors to evaluate net income (loss) applicable to common shareholders, adjusted net income and their components separately and in the aggregate when reviewing and evaluating our performance. We note that investors, financial analysts, financial and business media organizations and rating agencies utilize adjusted net income results in their evaluation of our and our industry's financial performance and in their investment decisions, recommendations and communications as it represents a reliable, representative and consistent measurement of the industry and the Company and management's performance. We note that the price to earnings multiple commonly used by insurance investors as a forward-looking valuation technique uses adjusted net income as the denominator. Adjusted net income should not be considered a substitute for net income (loss) applicable to common shareholders and does not reflect the overall profitability of our business.

The following tables reconcile net income (loss) applicable to common shareholders and adjusted net income (loss). Taxes on adjustments to reconcile net income (loss) applicable to common shareholders and adjusted net income (loss) generally use a 21% effective tax rate.

($ in millions, except per share data)

Three months ended June 30,

2026

2025

2026

2025

Consolidated

Per diluted common share

Net income applicable to common shareholders

$     3,241

$     2,079

$     12.51

$      7.76

Net (gains) losses on investments and derivatives

(1,055)

144

(4.07)

0.54

Pension and other postretirement remeasurement (gains) losses

(146)

—

(0.57)

—

Amortization of purchased intangibles

46

57

0.18

0.21

Gain on disposition

(1)

(893)

—

(3.33)

Income tax expense (benefit)

245

204

0.94

0.76

Adjusted net income *

$     2,330

$     1,591

$      8.99

$      5.94

Six months ended June 30,

2026

2025

2026

2025

Consolidated

Per diluted common share 

Net income applicable to common shareholders

$     5,669

$     2,645

$     21.73

$      9.85

Net (gains) losses on investments and derivatives

(650)

493

(2.49)

1.84

Pension and other postretirement remeasurement (gains) losses

(127)

78

(0.49)

0.29

Amortization of purchased intangibles

93

116

0.36

0.43

Gain on disposition

(7)

(893)

(0.03)

(3.33)

Income tax expense (benefit)

149

101

0.57

0.38

Adjusted net income *

$     5,127

$     2,540

$     19.65

$      9.46

Adjusted net income (loss) return on Allstate common shareholders' equity is a ratio that uses a non-GAAP measure. It is calculated by dividing the rolling 12-month adjusted net income by the average of Allstate common shareholders' equity at the beginning and at the end of the 12-months, after excluding the effect of unrealized net capital gains and losses. Return on Allstate common shareholders' equity is the most directly comparable GAAP measure. We use adjusted net income as the numerator for the same reasons we use adjusted net income, as discussed previously. We use average Allstate common shareholders' equity excluding the effect of unrealized net capital gains and losses for the denominator as a representation of common shareholders' equity primarily applicable to Allstate's earned and realized business operations because it eliminates the effect of items that are unrealized and vary significantly between periods due to external economic developments such as capital market conditions like changes in interest rates, the amount and timing of which are unrelated to the insurance underwriting process. We use it to supplement our evaluation of net income (loss) applicable to common shareholders and return on Allstate common shareholders' equity because it excludes the effect of items that tend to be highly variable from period to period. We believe that this measure is useful to investors and that it provides a valuable tool for investors when considered along with return on Allstate common shareholders' equity because it eliminates the after-tax effects of realized and unrealized net capital gains and losses that can fluctuate significantly from period to period and that are driven by economic developments, the magnitude and timing of which are generally not influenced by management. In addition, it eliminates non-recurring items that are not indicative of our ongoing business or economic trends. A byproduct of excluding the items noted above to determine adjusted net income return on Allstate common shareholders' equity from return on Allstate common shareholders' equity is the transparency and understanding of their significance to return on common shareholders' equity variability and profitability while recognizing these or similar items may recur in subsequent periods. We use adjusted measures of adjusted net income return on Allstate common shareholders' equity in incentive compensation. Therefore, we believe it is useful for investors to have adjusted net income return on Allstate common shareholders' equity and return on Allstate common shareholders' equity when evaluating our performance. We note that investors, financial analysts, financial and business media organizations and rating agencies utilize adjusted net income return on common shareholders' equity results in their evaluation of our and our industry's financial performance and in their investment decisions, recommendations and communications as it represents a reliable, representative and consistent measurement of the industry and the company and management's utilization of capital. We also provide it to facilitate a comparison to our long-term adjusted net income return on Allstate common shareholders' equity goal. Adjusted net income return on Allstate common shareholders' equity should not be considered a substitute for return on Allstate common shareholders' equity and does not reflect the overall profitability of our business.

The following tables reconcile return on Allstate common shareholders' equity and adjusted net income (loss) return on Allstate common shareholders' equity.

($ in millions)

For the twelve months ended
June 30,

2026

2025

Return on Allstate common shareholders' equity

Numerator:

Net income applicable to common shareholders

$     13,189

$       5,705

Denominator:

Beginning Allstate common shareholders' equity

$     22,018

$     16,592

Ending Allstate common shareholders' equity (1)

31,697

22,018

Average Allstate common shareholders' equity

$     26,858

$     19,305

Return on Allstate common shareholders' equity

49.1 %

29.6 %

($ in millions)

For the twelve months ended
June 30,

2026

2025

Adjusted net income return on Allstate common
shareholders' equity

Numerator:

Adjusted net income *

$     11,891

$       5,650

Denominator:

Beginning Allstate common shareholders' equity

$     22,018

$     16,592

Less: Unrealized net capital gains and losses

36

(938)

Adjusted beginning Allstate common shareholders' equity

21,982

17,530

Ending Allstate common shareholders' equity (1)

31,697

22,018

Less: Unrealized net capital gains and losses

(79)

36

Adjusted ending Allstate common shareholders' equity

31,776

21,982

Average adjusted Allstate common shareholders' equity

$      26,879

$      19,756

Adjusted net income return on Allstate common shareholders' equity *

44.2 %

28.6 %

_______________

(1) Excludes equity related to preferred stock of $2,001 million for both periods shown.

Combined ratio excluding the effect of catastrophes, prior year reserve reestimates and amortization or impairment of purchased intangibles ("underlying combined ratio") is a non-GAAP ratio, which is computed as the difference between four GAAP operating ratios: the combined ratio, the effect of catastrophes on the combined ratio, the effect of prior year reserve reestimates, excluding catastrophes on the combined ratio, and the effect of amortization or impairment of purchased intangibles on the combined ratio. We believe that this ratio is useful to investors, and it is used by management to reveal the trends in our Property-Liability business that may be obscured by catastrophe losses, prior year reserve reestimates and amortization or impairment of purchased intangibles. Catastrophe losses cause our loss trends to vary significantly between periods as a result of their incidence of occurrence and magnitude, and can have a significant impact on the combined ratio. Prior year reserve reestimates are caused by unexpected loss development on historical reserves, which could increase or decrease current year net income. Amortization or impairment of purchased intangibles relates to the acquisition purchase price and is not indicative of our underlying insurance business results or trends. We believe it is useful for investors to evaluate these components separately and in the aggregate when reviewing our underwriting performance. The most directly comparable GAAP measure is the combined ratio. The underlying combined ratio should not be considered a substitute for the combined ratio and does not reflect the overall underwriting profitability of our business.

The following tables reconcile the respective combined ratio to the underlying combined ratio. Underwriting margin is calculated as 100% minus the combined ratio.

Property-Liability

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Combined ratio

86.6

91.1

84.3

94.2

Effect of catastrophe losses

(11.5)

(13.9)

(10.0)

(14.8)

Effect of prior year reserve reestimates, excluding catastrophes

4.6

2.6

5.8

2.2

Effect of amortization of purchased intangibles

(0.3)

(0.3)

(0.3)

(0.3)

Underlying combined ratio*

79.4

79.5

79.8

81.3

Effect of prior year catastrophe reserve reestimates

0.3

—

0.2

—

Allstate Protection - Auto Insurance

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Combined ratio

83.3

86.0

82.6

88.6

Effect of catastrophe losses

(2.2)

(2.2)

(1.6)

(2.2)

Effect of prior year reserve reestimates, excluding catastrophes

6.6

4.3

7.7

3.4

Effect of amortization of purchased intangibles

(0.1)

(0.3)

(0.2)

(0.3)

Underlying combined ratio*

87.6

87.8

88.5

89.5

Effect of prior year catastrophe reserve reestimates

(0.1)

(0.2)

(0.1)

(0.2)

Allstate Protection - Homeowners Insurance

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Combined ratio

94.6

102.0

89.1

107.1

Effect of catastrophe losses

(33.5)

(42.8)

(29.3)

(46.3)

Effect of prior year reserve reestimates, excluding catastrophes

0.7

(0.3)

1.5

—

Effect of amortization of purchased intangibles

(0.3)

(0.3)

(0.3)

(0.3)

Underlying combined ratio*

61.5

58.6

61.0

60.5

Effect of prior year catastrophe reserve reestimates

1.6

0.5

0.6

0.3

SOURCE The Allstate Corporation

The market expects Allstate (ALL - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis insurer is expected to post quarterly earnings of $5.76 per share in its upcoming report, which represents a year-over-year change of -3%.

Revenues are expected to be $17.73 billion, up 5.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.4% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Allstate?For Allstate, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.15%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Allstate will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Allstate would post earnings of $7.43 per share when it actually produced earnings of $10.65, delivering a surprise of +43.34%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Allstate doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsSkyward Specialty Insurance (SKWD - Free Report) , another stock in the Zacks Insurance - Property and Casualty industry, is expected to report earnings per share of $1.15 for the quarter ended June 2026. This estimate points to a year-over-year change of +29.2%. Revenues for the quarter are expected to be $459.64 million, up 43.7% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Skyward has been revised 0.8% down to the current level. Nevertheless, the company now has an Earnings ESP of +1.39%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Skyward will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Allstate (NYSE:ALL | ALL Price Prediction) and Progressive (NYSE:PGR) just delivered Q1 2026 reports that inverted the recent pattern. Allstate’s underwriting engine rebounded sharply after last year’s California wildfire hit, while Progressive kept growing policies but couldn’t nudge its combined ratio lower. The valuation gap between the two now looks stretched, and the businesses behind the tickers are pulling in genuinely different directions.

Homeowners Rescues Allstate. Direct Auto Still Powers Progressive. Allstate posted $10.65 EPS against a $7.24 estimate, a 47.10% beat driven by the homeowners book swinging to a $685 million underwriting profit from a prior-year loss. The property-liability combined ratio landed at 82.0, and catastrophe losses fell 43.7% to $1.24 billion. CEO Tom Wilson credited “more affordable prices, new products, expanded benefits, bundled offerings, lower expenses, sophisticated analytics and increased marketing” for share gains. Auto new business applications rose 9.4%, so top-line growth is reaccelerating.

Progressive told a different story. Revenue climbed 8.8% to $22.19 billion, policies in force jumped 9% to roughly 39.6 million, and Direct Auto premiums earned surged 14%. But EPS of $4.96 barely edged the $4.88 estimate, and the combined ratio ticked up to 86.4 from 86.0. Property shrank 1% and Commercial Lines dropped 4%, exposing the auto-heavy concentration.

One Diversified Compounder, One Auto Specialist Lens Allstate Progressive Trailing P/E 5x 11x Forward P/E 9x 14x Return on Equity 45.2% 37.9% Dividend Yield 1.76% 0.18% Core Bet Bundled auto + home + protection services Direct-to-consumer telematics auto Allstate’s $4.0 billion new buyback stacked on the existing $1.5 billion program, plus a $1.08 quarterly dividend, signals real confidence. Progressive is repurchasing modestly, with 768,273 shares bought at an average of $204.48 in March. The Florida $950 million policyholder credit overhang and a CFO transition in July 2026 add friction Allstate simply does not carry.

The Next Test Is Whether Underwriting Discipline Holds I will be watching whether Allstate’s 82.0 combined ratio can survive a normal catastrophe season. Homeowners just flipped, but May 2026 housing starts fell to 1.18 million, down 15.4% from April, which softens the demand runway. For Progressive, Polymarket traders assign a 42.5% probability that Q2 combined ratio lands between 89% and 92%, worse than Q1. That would confirm the pricing pressure analysts have flagged.

Why I Lean Toward Allstate on This Setup For me, the valuation and returns numbers carry the argument. Allstate is up 15.49% year to date while Progressive has managed only 2.13%, and Progressive is still down 12.78% over the past year. Paying 5x earnings for a business generating 45.2% ROE feels like the cleaner risk-reward. If you prioritize policy-count growth and the direct model, Progressive still fits. If you want capital returns, valuation cushion, and a broader product base, Allstate is the one I keep watching.

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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) announced today its board of directors approved a quarterly dividend of $1.08 on each outstanding share of the corporation's common stock to be payable in cash on Oct. 1, 2026, to stockholders of record at the close of business on Aug. 31, 2026.

Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

About Allstate

The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with affordable, simple and connected protection for autos, homes, electronic devices and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate has more than 212 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate." For more information, visit www.allstate.com.

SOURCE The Allstate Corporation

Also from this source

-

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of May of $289 million or $228 million, after-tax. Total catastrophe losses for April and May were $1.16 billion or $915 million, after-tax.

Allstate Protection policies in force are as follows:

Allstate Protection Policies in Force (1)

(in thousands)

May 31,
2026

April 30,
2026

May 31,
2025

May 31, 2026 v
Apr. 30, 2026

May 31, 2026 v
May 31, 2025

Auto

25,901

25,805

25,226

0.4 %

2.7 %

Homeowners

7,788

7,764

7,587

0.3 %

2.6 %

Other personal lines

4,930

4,919

4,887

0.2 %

0.9 %

Commercial lines

180

179

180

0.6 %

— %

Total

38,799

38,667

37,880

0.3 %

2.4 %

  (1) Policy counts are based on items rather than customers. A multi-car customer would generate multiple item (policy) counts, even if all cars were insured under one policy. Lender-placed policies are excluded from policy counts because relationships are with the lenders.

As previously communicated, policies in force will be reported in our quarterly earnings release going forward.

Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

Forward-Looking Statements

This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “targets” and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” section in our most recent annual report on Form 10-K. Forward-looking statements are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.

About Allstate

The Allstate Corporation (NYSE: ALL) protects people from life’s uncertainties with affordable, simple and connected protection for autos, homes, electronic devices, and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate has 212 million policies in force and is widely known for the slogan “You’re in Good Hands with Allstate.” For more information, visit www.allstate.com.

More News From The Allstate Corporation

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