Allstate stock advances as catastrophe losses pressure Q3 profit
Published on 11/11/2026 at 16:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth Meets Catastrophe Pressure
- Allstate increased its policy base and Property-Liability premiums in the third quarter.
- Catastrophe losses weakened underwriting income and pushed the combined ratio higher.
- Protection Services revenue and Arity expansion provide additional growth drivers.
Allstate reported stronger policy growth but weaker reported profit for the third quarter ended September 30, 2026. The company said in its third-quarter investor filing released on November 4 that total revenue rose 0.5 percent year over year to 17.348 billion US dollars, while net income applicable to common shareholders fell 44.8 percent to 2.050 billion US dollars.
Allstate stock traded at 232.80 euros on Lang & Schwarz at 16:05 CET on Wednesday, November 11, 2026. Compared with the 229.10-euro quote in the previous report published on November 10 at 15:38 CET, the change was 1.61 percent. This comparison is separate from the Xetra daily close.
Policy Growth Meets Claims Risk
Total policies in force increased 3.9 percent to 217.610 million at quarter-end. Property-Liability policies rose 3.3 percent, while earned premiums in the segment increased 3.8 percent to 15.086 billion US dollars.
The main pressure came from catastrophe claims. Property-Liability catastrophe losses reached 1.650 billion US dollars, compared with 558 million US dollars a year earlier. The recorded combined ratio rose to 86.6 from 80.1, and underwriting income declined 30.1 percent to 2.022 billion US dollars.
Homeowners insurance showed the sharpest deterioration. Its combined ratio increased to 89.5 from 71.5, as catastrophe losses climbed to 1.330 billion US dollars from 479 million US dollars. The underlying combined ratio was 60.1, indicating that catastrophe effects accounted for much of the reported margin pressure.
Protection Services Adds Diversification
Protection Services revenue increased 6.9 percent to 964 million US dollars, while adjusted net income rose to 64 million US dollars. Arity revenue increased 11.8 percent to 76 million US dollars; Allstate also said Arity acquired INRIX in October and agreed in November to acquire the remaining ownership of Replica, subject to customary closing conditions.
Investment income increased by 228 million US dollars to 1.177 billion US dollars, but net losses on investments and derivatives reached 545 million US dollars. For investors, the results leave policy growth as a support while claims volatility and investment-market movements remain key earnings risks.
The Allstate Corporation
- ISIN: US0200021014
- Ticker: ALL on the New York Stock Exchange; ALS on Xetra
- Lang & Schwarz quote: 232.80 euros on Wednesday, November 11, 2026, at 16:05 CET
- Change since the November 10 report: 1.61 percent from 229.10 euros
- Third-quarter revenue: 17.348 billion US dollars for the quarter ended September 30, 2026
- Total policies in force: 217.610 million at quarter-end
Insurance stocks remain sensitive to claims trends, interest rates, bond valuations and broader risk appetite; see current S&P 500 market coverage.
