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Combined Ratio
Combines the loss ratio and expense ratio to assess overall insurance profitability. A ratio below 100% suggests profitable operations, while above 100% indicates potential losses.Allstate’s combined ratio has swung from elevated, loss-making levels in 2022–23 to substantively stronger underwriting in 2024–Q1‑2026, a shift powered in large part by concentrated favorable prior‑year reserve development (~$840M) and underwriting gains that enabled big buybacks and outsized ROE. Management still targets normalized auto mid‑90s/homeowners low‑90s, so the current low rates may overstate sustainable performance; monitor future reserve development, catastrophe/reinsurance outcomes and homeowners expense reallocation to judge durability of these underwriting improvements.
Date | Combined Ratio |
|---|---|
Jun 30, 2026 | 86.60 |
Mar 31, 2026 | 82.00 |
Dec 31, 2025 | 72.90 |
Sep 30, 2025 | 80.10 |
Jun 30, 2025 | 91.10 |
Mar 31, 2025 | 97.40 |
Dec 31, 2024 | 86.90 |
Sep 30, 2024 | 96.40 |
Jun 30, 2024 | 101.10 |
Mar 31, 2024 | 93.00 |