Allstate(CH:ALS)
CH:ALS
Allstate earnings date
Allstate (ALS) Q3 2026 Earnings Report
0 Followers
CH:ALS Q3 2026 EPS Results
- Actual EPS
- CHF 8.06
- Consensus EPS
- CHF 5.69
- Beat/Miss
- Beat by +CHF 2.37
- One Year Ago EPS
- CHF 9.22
CH:ALS Q3 2026 Revenue Results
- Actual Revenue
- CHF 14.32B
- Expected Revenue
- CHF 13.10B
- Beat/Miss
- Beat by +CHF 1.22B
- YoY Revenue Growth
- +0.54%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
CH:ALS Upcoming Earnings
Allstate's next earnings date is estimated for February 3, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
CH:ALS Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive overall. Management reported robust earnings, policy growth, profitable underwriting, expanding Protection Services, higher investment income, substantial shareholder returns, and significant progress in AI and Transformative Growth. The main challenges were higher catastrophe losses, rising auto loss and expense trends, declining average auto premiums, a negative quarterly investment return, pending New York product approval, and ongoing regulatory and technology-investment work. The highlights significantly outweighed the lowlights.
Company Guidance
Management reiterated a mid-90s combined ratio target, described a 95 target and said that at a 95 combined ratio the business generates a return on economic capital that is “really attractive and above what the industry generates”; rates earn in over 12-18 months, direct “will continue to grow,” and the agency footprint could begin growing in late 2027 and into 2028. Sales-related AI capabilities and Allstate’s personal agentic assistant are planned for early 2027, agents can choose among three operating models in the middle of 2027, effective January 1st of 2028, and management said it would not forecast reserve releases in future earnings estimates.
- Strong Third-Quarter Financial ResultsRevenues were $17.3 billion, Property-Liability net premiums written increased 2.5% to $16 billion, and adjusted net income was nearly $2.5 billion, or $9.76 per share. Adjusted return on equity was 39.7%.
- Continued Policy GrowthTotal policies in force increased 3.9% year over year, including 3.3% growth in Property-Liability policies and 4% growth in Protection Services policies. Property-Liability policy growth was 3.3% above the prior year, with auto insurance up 3.4% and homeowners insurance up 3.3%.
- Higher Investment IncomeInvestment income increased 24% in the quarter, reflecting higher yields and premium growth. Net investment income increased 67% since 2022 to $4 billion on a trailing-12-month basis, while its contribution to adjusted net income per diluted share increased from $7 to $12.2.
- Profitable Property-Liability UnderwritingProperty-Liability underwriting income was $2 billion. The combined ratio was 86.6, while auto and homeowners insurance both recorded profitability better than targeted levels.
- Auto Insurance Margins Above TargetThe adjusted underlying auto combined ratio was 91.4, better than the company's mid-90s target. Annualized average premium per policy was $1,474, compared with adjusted underlying loss and expense per policy of $1,347.
- Strong Homeowners Insurance UnderwritingHomeowners insurance generated an 89.5 combined ratio despite higher catastrophe losses, supported by an underlying combined ratio of 60.1.
- Growth in New Business and Market AccessNew business issued applications increased 59%, from 5.9 million in the third quarter of 2023 to 9.4 million in the most recent 12 months. Homeowners insurance new business increased 39%, from 1.1 million policies to more than 1.5 million over the same three-year period.
- Expanded Distribution and Marketing EffortsNew business was up 125% to 12.4 million items and was equally split among exclusive agents, independent agents, and direct channels. Advertising spend increased from $638 million in 2023 to over $2 billion for the latest 12 months, while management said returns on allowable acquisition costs were improving.
- Broader Product AvailabilityAllstate-branded affordable, simple, and connected auto products were available in 46 states, homeowners products in 42 states, and Custom360 products in over 40 states through the independent agent channel.
- Progress on AI and ALLIE DeploymentAI-generated coding exceeded 12 million lines in the third quarter, 3.6 times higher than in the first quarter. In addition, 97% of employees were certified as AI-enabled, with adoption occurring across the company.
- Early Results from AI Customer-Service ToolsAsk Allstate, launched in July, handled 15% of ASC chat volume with high customer satisfaction. Smart Concierge at Allstate Protection Plans handled over 1 million calls, and the capabilities are being extended to additional products and services, including claims.
- Planned Personal Agentic Assistant LaunchAllstate said its personal agentic assistant is in development, with foundational technology in place, algorithms being tested, and relationships with publishers and insurers expanding and strengthening. The company expects to bring it to market in early 2027 and plans to launch sales-related AI capabilities in early 2027.
- Protection Services Growth and ProfitabilityProtection Services had 178 million policies in force, up 4% year over year. Trailing-12-month premiums earned increased 7.5% to $3.5 billion, while adjusted net income increased 4.7% to $221 million.
- Long-Term Protection Services ExpansionProtection Services premiums earned and other revenue increased from $2.1 billion in 2021 to $3.5 billion over the trailing 12 months, representing annual average growth of 13%. Policies in force increased from 148 million to 178 million over the same period.
- Broad Protection Services PlatformProtection Services includes Protection Plans distributed through over 30 major retailers, Roadside Services with nearly 1.8 million customer rescues per year, Dealer Services through more than 1,100 automotive dealers, Identity Protection, and Arity. Arity's capabilities are being expanded through the acquisitions of INRIX and Replica and include over 3 trillion miles of driving data.
- Diversified Investment Portfolio and Active ManagementInterest-bearing assets represented 80% of the $87 billion investment portfolio. The portfolio generated a 4.9% annualized return over three years and 3.9% over 10 years, with first- and second-quartile performance across key asset classes.
- Shareholder Capital ReturnsAllstate returned $1.5 billion to shareholders in the third quarter and $4.4 billion over the last 12 months. The company repurchased 5.7% of outstanding shares during the last 12 months.
- Capital AvailabilityManagement said the approximately $9 billion of parent-company holdco capital broadly equates to deployable capital and that there is no requirement to push any of it into the subsidiaries.
- Cost-Reduction Progress and Technology ProductivityAllstate said it has lowered its cost structure through eliminating, outsourcing, and digitizing work, reducing its real estate footprint, aligning distribution expenses with customer value, and improving operating efficiency. The technology organization has 25% fewer people than four years ago.
- Regulatory and Claims-Management ActionsManagement said Florida tort reform enabled Allstate to lower customer prices by 6%. The company is working with state regulators on affordability, availability, claims, privacy, AI, FEMA capacity, and NFIP reauthorization. Management also cited machine learning, faster claims handling, and claims-management practices as contributors to favorable reserve development.
- Exclusive-Agent Transformation PlansDespite having about 5% fewer exclusive agents than the prior year, management said agents were more productive. Allstate is shifting agency capacity away from transactional and service work toward customer acquisition, protection reviews, claims advocacy, and deeper relationships, supported by digital and AI-enabled tools. Agents will be able to choose among three operating models beginning in mid-2027, with the models effective January 1, 2028.
CH:ALS Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 03, 2027 | 2026 (Q4) | 8.08- | 11.81 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 5.698.06 | 9.22 | -12.62% (-1.16) | |
| Aug 05, 2026 | 2026 (Q2) | 5.007.42 | 4.9 | 51.35% (+2.52) | |
| Apr 29, 2026 | 2026 (Q1) | 6.038.79 | 2.91 | 201.70% (+5.88) | |
| Feb 04, 2026 | 2025 (Q4) | 8.1211.81 | 6.33 | 86.57% (+5.48) | |
| Nov 05, 2025 | 2025 (Q3) | 6.339.22 | 3.23 | 185.68% (+5.99) | |
| Jul 30, 2025 | 2025 (Q2) | 2.684.90 | 1.33 | 268.94% (+3.57) | |
| Apr 30, 2025 | 2025 (Q1) | 2.082.91 | 4.23 | -31.19% (-1.32) | |
| Feb 05, 2025 | 2024 (Q4) | 5.186.33 | 4.8 | 31.79% (+1.53) | |
| Oct 30, 2024 | 2024 (Q3) | 1.963.23 | 0.67 | 382.72% (+2.56) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
