ALLSTATE CORP Earnings Summary — Q1 2026

• Net Profit reached $2.46 billion in Q1 2026, a substantial 312% increase year-over-year.
• Revenue growth moderated to 2.97% YoY as the company focused on underwriting discipline over volume.
• Insurance benefits and claims fell significantly compared to the prior year period ($9.26B vs $11.15B in Q1 2025).
• Operating income remained strong at $3.21 billion, reflecting a successful turnaround from the 2022-2023 cycle.
• Investment income provided a steady contribution of $938 million, though offset by $405 million in net investment losses.
• Net Premiums Earned continued to scale, reaching $15.69 billion as rate increases took full effect.
• Management has effectively utilized their 'Transformative Growth' plan to restore margins following historic inflation.

Management remains focused on the Transformative Growth strategy, emphasizing digitization of claims and price agility to manage catastrophe exposure and inflation.

Improving

The transition from cyclic losses in 2022-23 to record-level quarterly profits in 2025 and early 2026 indicates a successful recovery and strong pricing power.

The company is positioned for continued margin expansion as high-interest environments support investment income and premiums reflect current cost trends.