Allstate Corp. third quarter 2025 net income applicable to common shareholders was about $3.7 billion, more than triple the $1.2 billion booked for the same quarter a year ago.
Allstate’s Property-Liability business turned in a Q3 combined ratio more than 16 points better than Q3 2024, at 80.1. Catastrophe losses for the quarter were $558 million compared to $1.7 billion.
Property-Liability booked underwriting income for Q3 of nearly $2.9 billion compared with $495 million a year ago during the same period. Premiums written increased 6.3% to about $15.6 billion.
Allstate’s so-called “Transformative Growth” strategy is “increasing Property-Liability market share and expanding protection offerings,” said CEO Tom Wilson in a statement. “Property-Liability market share increased in non-standard auto and homeowners insurance and in the independent agent channel.”
The Northbrook, Illinois-based insurer’s auto segment turned in Q3 underwriting income of about $1.7 billion compared to $486 million for Q3 2024. The combined ratio here was 82—nearly a 13-point improvement over last year. Reserve reestimates of $480 million from favorable severity development in personal auto injury and physical damage gave a 5-point benefit to the ratio.
Allstate said more marketing, expanded distribution, new products, and rating plans grew policies in force 1.3%.
A 61% drop in Q3 catastrophe losses to $479 million helped the homeowners line record underwriting income of about $1.1 billion versus $60 million a year ago. The Q3 combined ratio for the business improved to 71.5 from 98.2 for Q2 2024.
Written premiums in homeowners were up 13.1% in Q3 to about $4.6 billion.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
US Supreme Court Rejects Trump’s Global Tariffs 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
