ALL earnings analysis
What we found in ALL's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Allstate's Q1 2026 results showed a strong performance with revenue reaching $16.94 billion, a 3.0% increase from the prior year, and diluted EPS of $10.65, significantly surpassing estimates of $7.28. The company experienced robust underwriting income growth and improved operational efficiencies, contributing to net income rising to $2.43 billion from $566 million in Q1 2025.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeded Estimates
- Allstate reported Q1 2026 revenue of $16.94 billion, exceeding estimates by $1.17 billion.
- Significant EPS Growth
- Diluted EPS reached $10.65, surpassing consensus estimates of $7.28.
- Strong Net Income Improvement
- Net income increased to $2.43 billion, up from $566 million in Q1 2025.
- Improved Underwriting Income
- Underwriting income surged to $2.66 billion from $360 million year-on-year.
- Growth in Premiums Written
- Total premiums written increased to $14.63 billion, up from $14.30 billion in Q1 2025.
- Lower Catastrophe Losses
- Catastrophe losses fell to $1.24 billion, down from $2.20 billion in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Pressure from Inflation
- Ongoing inflation could increase claims costs, impacting profitability.
- Geopolitical Instability
- Major global conflicts, such as the Iran war, may disrupt market stability.
- High Combined Ratios in Property-Liability
- The combined ratio in the property-liability segment was 82.0%, indicating potential pressure on underwriting margins.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $10.65
- Segment
- Allstate Protection
- Segment
- Run-off Property-Liability
What they said about what is next.
Management reiterated its focus on improving customer value and adapting to macroeconomic challenges.
The filing reads better than the one before it.
What came before.
- 10-Q · November 5, 2025
- Allstate reported materially stronger profitability in Q3 2025 with total revenues of $17,255 million and diluted EPS of $13.95, driven by a large increase in Allstate Protection underwriting income and disposition…
- 10-Q · July 30, 2025
- Allstate reported a strong quarter driven by underwriting improvement and a one-time disposition gain: total revenues were $16,633 million and diluted EPS was $7.76 for Q2 2025. Property‑Liability results swung to an…
- 10-Q · April 30, 2025
- Allstate reported quarterly revenue of $16,452 million, up versus the prior-year quarter, but net income and diluted EPS declined materially as underwriting and investment-related losses weighed. Property-Liability…
- 10-Q · October 30, 2024
- Allstate reported a strong quarter: consolidated revenues of $16,627,000,000 for the three months ended September 30, 2024, up from $14,497,000,000 a year earlier, and diluted EPS of $4.33 versus $(0.16) in Q3 2023.…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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