EarningsQ2 2026 Earnings Report
DE:ALS Q2 2026 EPS Results
Actual EPS€8.01
Consensus EPS€5.40
Beat/MissBeat by +€2.61
One Year Ago EPS€5.29
DE:ALS Q2 2026 Revenue Results
Actual Revenue€16.57B
Expected Revenue€13.78B
Beat/MissBeat by +€2.80B
YoY Revenue Growth+11.80%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:ALS Upcoming Earnings
Allstate's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:ALS Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a notably positive operating and financial picture: strong revenue and investment income growth, meaningful improvements in underwriting (combined ratios), robust underwriting income and capital generation, accelerating new business and continued investment in a technology-driven strategy (Ally). Headwinds highlighted include a one-point increase in the expense ratio (advertising and legal accruals), flat net rate impact this quarter, ongoing severity/inflation uncertainty, competitive pressure and cybersecurity considerations. Overall, the positives—material earnings, underwriting improvement, investment performance, market share gains and strong capital position—substantially outweigh the identified risks.Company Guidance
Strong Top-Line Growth
Total revenues of $18.6 billion, up 11.8% year-over-year; net premiums written increased 2.6% and total policies in force grew 3.8% to 215.9 million.
Robust Earnings and Shareholder Returns
Net income of $3.2 billion; adjusted net income of $2.3 billion ($8.99 per share) for the quarter and $5.1 billion ($19.65 per share) year-to-date; adjusted net income ROE of 44.2% over the last 12 months. Returned $1.3 billion to shareholders this quarter, including $1.0 billion of share repurchases; $2.6 billion remains under the $4.0 billion repurchase authorization.
Property‑Liability Underwriting Performance
Property-Liability combined ratio improved 4.5 points to 86.6%; underlying combined ratio remained strong at 79.4%; underwriting income of $2.0 billion, up nearly 57% year-over-year.
Auto and Home Profitability Gains
Auto combined ratio improved 2.7 points to 83.3%; homeowners combined ratio improved 7.4 points to 94.6%; result driven by pricing, expense control and claims effectiveness.
Investment Income and Capital Strength
Net investment income increased 33.8% to $1.0 billion for the quarter; trailing 12-month investment income up ~57% since 2022 to nearly $3.8 billion. Deployable capital at the holding company increased to $9.5 billion (~$37 per share).
Transformative Growth and New Business Momentum
Auto new business increased to 2.3 million items (vs. 1.5 million three years earlier); homeowners new business increased 46.8% to 411,000 policies. Net issued applications up 9.9% and property-liability policy growth of 2.6%.
Protection Services Expansion
Protection Services contributed $3.4 billion to revenue (segment scale noted) and generated over $200 million in adjusted net income over the last 12 months; distribution through major retailers and dealer relationships expanding addressable market.
Operational & Technology Advantage
Emphasis on a technology-driven strategy (40+ petabytes of data, 250+ analytical models) and development of Ally (Agentic AI ecosystem) expected to improve pricing, claims, distribution efficiency and growth over time.
Reserve Releases and Claims Adaptation
Auto claim reserve releases totaled $1.5 billion year-to-date; prior-year reserve re-estimates contributed meaningfully (cited as 2.0 points to combined ratio improvement on one slide and notable releases across quarters) reflecting rapid claims and reserve responsiveness.
DE:ALS Earnings History
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