In its third-quarter release, the statement attributed to Tom Wilson includes this sentence: “Earnings reflected strong underwriting margins on auto and homeowners insurance, higher investment income and continued growth of Protection Services.” The release also reports that Property-Liability recorded combined ratio was 86.6 for the quarter, which was 6.5 points above the prior year quarter primarily due to 7.1 points of higher catastrophe losses, partially offset by 2.4 points of more favorable non-catastrophe prior year reserve releases.
Allstate’s Own Account of Adjusted Net Income
Allstate’s third-quarter release carries the following comment from Tom Wilson’s statement on the company’s quarterly results. “Allstate delivered excellent financial results and increased Property-Liability growth in the third quarter,” said Tom Wilson, who leads The Allstate Corporation.
On adjusted net income for the quarter, the release gives the following comparison with the prior year quarter: Adjusted net income* was $2.5 billion, or $9.76 per diluted share, compared to $3.0 billion in the prior year quarter.
Auto and Homeowners Combined Ratios
In the Exhibit 99.1 filing, Allstate reports the following on the recorded auto insurance combined ratio: The recorded auto insurance combined ratio was 83.2 in the third quarter of 2026 compared to 82.0 in the prior year quarter, reflecting 3.6 points of higher underlying losses and 1.5 points of higher catastrophe losses, partially offset by 4.1 points of more favorable prior year reserve releases.
For the homeowners insurance line of business, the release states the following on the recorded combined ratio: The recorded homeowners insurance combined ratio was 89.5 in the third quarter of 2026, compared to 71.5 in the prior year quarter, primarily reflecting higher catastrophe losses.
In the same homeowners discussion, the release also states the following on catastrophe losses: Catastrophe losses were $1.3 billion in the quarter compared to $479 million the prior year.
InsuraBeat has separate coverage of Allstate’s monthly catastrophe loss announcements.
Property-Liability Underwriting Income in the Release
At the Property-Liability level, the underwriting income statement in the release states: Underwriting income was $2.0 billion compared to $2.9 billion in the prior year quarter, primarily reflecting the impact of increased catastrophe losses.
InsuraBeat has separate coverage of Allstate’s appointment of its chief financial officer. InsuraBeat also has separate coverage of Progressive’s monthly combined ratio disclosure.
Arity Revenue, Investment Income and Capital Return
On the Arity business, Allstate’s third-quarter release reports the following on revenue: Arity revenue increased 11.8% to $76 million compared to the prior year quarter driven by higher lead generation advertising sales.
On performance-based investment income, Allstate states: Performance-based investment income totaled $355 million in the third quarter of 2026, an increase of $128 million from the prior year quarter, reflecting private equity valuation increases.
The release also carries the following comment on the company’s financial results and its growth investments: “Allstate continues to generate strong financial results while investing to profitably grow the business,” said Chris Lown, Executive Vice President and Chief Financial Officer.
On capital return, the statement attributed to Chris Lown includes this sentence: “As of Sept. 30, $1.3 billion remains under the $4.0 billion share repurchase authorization initiated in February 2026.”
