Allstate Posts Double Q4 Net Income, Property-Liability Business Sees Improved Combined Ratio

Allstate reported Q4 2025 net income of $3.8 billion, double the $1.9 billion in Q4 2024. Property-Liability business saw a 14-point improvement in its combined ratio to 72.9. Auto underwriting income tripled to $4 billion, while homeowners underwriting income rose to $1.8 billion. The insurer finished the year with 3% more policies in force and a 123% increase in net income for Property-Liability.