Allstate Q2 2026: revenue up 11.8% to $18.60 billion, adjusted EPS $8.99
Allstate's second quarter of 2026 was strong on every reported line: revenue rose 11.8% to $18.60 billion, adjusted earnings per share of $8.99 blew past the $6.18 consensus, and $1.30 billion went back to shareholders. Our view is Bullish, but read the quality closely. The underlying Property-Liability combined ratio was essentially flat at 79.4, so much of the upside came from lower catastrophe losses and favorable reserve releases rather than a better core margin.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $12.51, up from $7.76, while adjusted EPS of $8.99 ($2.33 billion of adjusted net income) came in far above the $6.18 consensus. The gap between the two measures is mostly a $1.06 billion investment gain and a $146 million pension remeasurement gain, both stripped out of adjusted earnings. Adjusted net income rose 46.4% from $1.59 billion in the prior year quarter.
Revenue of $18.60 billion rose 11.8% from $16.63 billion a year ago, helped by higher premiums and $1.06 billion of net investment gains versus a $144 million loss a year earlier. Property-Liability earned premiums of $14.92 billion grew 4.0%. Note that the three reported segments add to $16.86 billion, less than reported revenue, so the segment breakdown is not the whole story.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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