Allstate reported total revenues of $16.9 billion in Q1 2026, up 3.0% year-over-year, while net income applicable to common shareholders jumped to $2.4 billion from $566 million. Adjusted net income climbed to $2.8 billion, or $10.65 per diluted share, compared with $949 million, or $3.53 per share, in the prior year period.

Property-Liability earned premiums rose 5.5% to $14.8 billion, driving underwriting income to $2.7 billion from $360 million. The recorded combined ratio improved by 15.4 points to 82.0, aided by a 43.7% reduction in catastrophe losses and reserve releases, while the underlying combined ratio tightened by 2.8 points to 80.3.

Policies in force increased 2.5% to 212 million, led by auto and homeowners growth supported by expanded product offerings and pricing actions. Investment income grew 9.8% on portfolio expansion and higher yields, and the company enhanced shareholder value through higher dividends and increased share repurchases.