Allstate Corp. News

Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses

Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses. The gross loss was partially offset by $1.1 billion of reinsurance …

Allstate to ‘Lean Into’ Turnaround in Auto Business, and Grow

Allstate’s plan to correct its auto insurance business has “restored profitability back to target levels,” said the insurer’s head of personal insurance. During an earnings call with analysts, Mario Rizzo, president of property-liability, said recent financial results reflect “successful execution” …

Allstate Q4 Income Up 30% Despite High Hurricane-Related Losses

Allstate Corp. fourth quarter net income applicable to common shareholders increased 30% to about $1.9 billion, and the insurer finished 2024 with net income of $4.6 billion compared to a loss of $316 million the prior year. Results for the …

Allstate Turns in Net Income of $1.2B After Q3 Hurricanes

Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in …

Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B

Allstate Corp. said it recorded pretax catastrophe losses of about $2.1 billion in the second quarter. The Northbrook, Illinois-based insurer on July 18 said the total included $230 million of pretax catastrophe losses for the month of June from 18 …

Allstate Reports $731M in Q1 Pretax Catastrophe Losses

Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March. Six events contributed to the $343 million total for March — before favorable reserve re-estimates brought down the total. One hail event accounted …

Allstate Shows ‘Progress,’ Narrows Q3 Net Income Loss to $41M

Allstate Corp. said its net loss for the third quarter was $41 million compared to a loss of $685 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in its third quarter combined ratio …

Allstate Says Q3 Catastrophe Losses Were $1.2 Billion

Allstate Corp. today reported September catastrophe losses of $317 million and total catastrophe losses for the third quarter of about $1.2 billion pretax. Seventeen events in September resulted in catastrophe losses of about $357 million, partially offset by favorable reserve …

Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire

Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, after-tax, partially offset by favorable reserve reestimates …

Allstate Agrees to Settle With Shareholders for $90 Million

To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million fund for shareholders who accused the insurer of false and misleading statements regarding its auto insurance business. According to court …