What is the market's earnings forecast for The Allstate next quarter?

What does The Allstate do and what are its main business segments?

What factors drove the changes in The Allstate's revenue and profit?

What is The Allstate's gross profit margin?

What were the key takeaways from The Allstate's earnings call?

What is The Allstate's latest dividend and current dividend yield?

What were the key takeaways from The Allstate’s earnings call?

What is the revenue and EPS growth rate for The Allstate year over year?

- **Record Financial Performance**: Q4 2025 net income of $3.8 billion and annual adjusted net income of $9.3 billion highlight strong underwriting and investment returns.
- **Affordability Drives Growth**: 7.8 million customers saw average premium reductions of 17% through the SAFE program, with auto earned premium impact of $810 million.
- **Market Share Expansion**: Auto policies grew in 20 states, homeowners in 36, and Protection Services revenue rose 11.7%, driven by new products and international expansion.
- **Shareholder Returns**: $2.2 billion in cash returns, including an 8% dividend increase, and a new $4 billion buyback program signal commitment to value creation.

**【CEO Summary Section】**
- Allstate reported total revenues of $17.3 billion for Q4 2025 and $67.7 billion annually, with net income of $3.8 billion for the quarter and $10.2 billion annually. Adjusted net income was $9.3 billion for the year, reflecting strong financial performance driven by improved underwriting losses, lower catastrophes, and reserve releases.
- The company emphasized affordability initiatives, reducing auto insurance rates in 32 states and expanding direct purchase options. The SAFE program reduced premiums for 7.8 million customers by an average of 17%.
- Auto combined ratio improved by 10 points year-over-year, while homeowners insurance maintained a combined ratio of 84.4%, below industry averages.
- Shareholder returns included $2.2 billion in dividends and share repurchases, with a new $4 billion buyback program announced.

**【CFO Financial Commentary】**
- Investment portfolio generated $3.4 billion in net investment income for 2025, up $350 million year-over-year, with market-based assets returning 6.1%.
- The company increased its quarterly dividend by 8% to $1.08 per share and authorized a $4 billion share repurchase program, complementing its existing $1.5 billion program.
- Total policies in force across Property-Liability and Protection Services segments grew, with Protection Services revenue up 11.7% to $3.3 billion annually.

**【Q&A Highlights】**
- **Regulatory Environment**: CEO Thomas Wilson highlighted state-level efforts to reduce bodily injury litigation costs, citing Florida's 5.9% rate reduction as a model. The company expects legislative changes to improve affordability but noted political unpredictability.
- **Competitive Landscape**: Auto insurance growth accelerated in 20 states, with 38 states representing over 70% of premium growth. Homeowners insurance expanded in 36 states, driven by new ASC products. Protection Services grew 11.7% annually, with international revenue up 39.7%.
- **New Business Penalty**: CFO John Dugenske stated that pricing sophistication and risk selection mitigate new business margin pressure, with non-standard business contributing to growth.
- **Autonomous Vehicles**: CEO Wilson noted autonomous driving could reduce frequency but increase severity due to higher speeds. Allstate's telematics data and claims process improvements help manage these risks.
- **Share Repurchases**: The company plans to repurchase 18% of shares over five years, reflecting confidence in long-term value creation.

The Allstate Corporation (ALL) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: Q3 2025 revenue up 5.8% year-to-date to $17.3 billion, driven by Property-Liability and Protection Services expansion.
- **AI Transformation**: ALLIE initiative reduces costs and enhances customer experience, with generative AI handling 15% of claims coding.
- **Financial Strength**: $3 billion adjusted net income, 34.7% ROE, and $949 million net investment income, with $1.6 billion returned to shareholders.
- **Strategic Focus**: Prioritizing organic growth, AI investments, and flexible capital allocation for M&A opportunities.
- **Market Resilience**: Auto insurance pricing rate-adequate, homeowners business maintains low 90s combined ratio, and nonstandard auto growth offsets retention challenges.

**【CEO Summary Section】**
- Allstate reported Q3 2025 revenue of $17.3 billion, up 5.8% year-to-date, driven by Property-Liability growth and Protection Services expansion. Adjusted net income was $3 billion ($11.17 per share), with a 34.7% return on equity over 12 months.
- The transformative growth initiative, now in Phase 4, has reduced the expense ratio by 6.7 points and expanded distribution through agents, independent channels, and direct sales. Auto insurance new business is evenly split across all three channels.
- AI initiatives (ALLIE) are being rolled out to enhance customer interactions, claims processing, and operational efficiency. Generative AI is already handling 15% of claims coding, while Agentic AI aims to reimagine customer value across the business model.

**【CFO Financial Commentary】**
- Net investment income reached $949 million in Q3, up 21.2% year-over-year, with a 5-year portfolio book value increase of 39% ($23 billion). The company returned $1.6 billion to shareholders through dividends and buybacks, maintaining a 3.5% yield on average equity.
- Shareholders' equity grew to $27.5 billion, reflecting strong profitability and capital deployment. The investment portfolio is being actively managed to balance interest rate risk, with duration extended in 2023-2024 to capture higher yields.

**【Q&A Key Highlights】**
- **Capital Allocation**: CEO Thomas Wilson emphasized prioritizing organic growth and AI investments over dividends, with $1.5 billion in buybacks approved. Excess capital at the holding company is kept flexible for M&A or share repurchases.
- **AI Impact**: ALLIE is expected to reduce costs and improve customer retention by personalizing experiences. Generative AI is already operational in claims and actuarial work, with Agentic AI in development to reimagine customer interactions.
- **Retention Strategies**: The S.A.V.E. program has reduced premiums for 5 million customers, while ASC (Affordable, Simple, Connected) products are being rolled out to improve retention in active brands.
- **Market Dynamics**: Auto insurance pricing is rate-adequate, with minimal rate changes needed. Homeowners insurance maintains a competitive advantage with a low 90s combined ratio. Nonstandard auto growth in independent and direct channels is offsetting retention challenges.
- **Inflation Management**: Investment portfolio duration was extended to capture higher yields, while bodily injury inflation is mitigated by tort reforms in states like Florida and Georgia.

The Allstate Corporation (ALL) Q3 2025 Earnings Call Transcript

- **Revenue & PIF Growth**: 5.8% revenue growth, 4.2% PIF increase, driven by ASC auto (2.4% PIF growth) and homeowners (2.3% PIF growth).
- **Profitability**: Auto combined ratio 86% (9.9 pts YoY improvement), homeowners 102% (catastrophe-adjusted 58.6% underlying ratio). Adjusted ROE 28.6%.
- **Strategic Initiatives**: ASC product expansion (40 states for auto, 16 for homeowners), Protection Plans 16.6% revenue growth, and $3.25B divestiture proceeds.
- **Shareholder Returns**: $1.00/share dividend (9% increase), $445M buybacks under $1.5B authorization.
- **Risk Management**: 10-pt combined ratio improvement, $376M prior-year reserve reestimates, and proactive tariff/repair cost management.

**【CEO Summary Section】**
- **Revenue Growth**: Q2 2025 revenue of $16.6 billion, up 5.8% YoY, driven by 4.2% increase in total policies in force (PIF) to $37.7 million. Auto PIF grew 0.5% YoY, while homeowners PIF rose 2.3%.
- **Transformative Growth Strategy**: Phase 4 execution includes new Affordable, Simple, Connected (ASC) auto products in 40 states and homeowners in 16 states. ASC auto PIF grew 2.4% YoY, with National General and Direct Auto up 11.3% and 22.8%, respectively.
- **Protection Services Expansion**: Allstate Protection Plans (APP) revenue up 16.6% YoY, with 10.8 million PIF over 12 months. Arity's 2 trillion miles of driving data supports mobility intelligence growth.
- **Investment Portfolio Performance**: $754M investment income (1.4% Q2 return, 5.4% TTM). Public equity holdings reduced amid inflation risks; private equity/real estate returns remain attractive.

**【CFO Financial Commentary】**
- **Net Income**: Adjusted net income $1.6B ($5.94 EPS), with 28.6% TTM ROE. GAAP net income $2.1B.
- **Underwriting Performance**: Property-Liability underwriting income $1.3B, combined ratio 91.1% (10 pts improvement YoY). Auto combined ratio 86% (9.9 pts better YoY), homeowners 102% (catastrophe losses offset strong underlying 58.6% ratio).
- **Capital Management**: $3.25B from divesting Employee Voluntary Benefits and Group Health. $445M share buybacks under $1.5B authorization; dividend increased 9% to $1.00/share.

**【Q&A Key Highlights】**
- **PIF Growth Dynamics**: Inactive brands (Esurance, Encompass) declining but diminishing drag. New York/New Jersey ASC product approvals expected H2 2025 to enable growth in previously unprofitable markets.
- **Retention Focus**: SAFE program aims to reduce attrition via proactive customer outreach. Auto retention challenges due to industry-wide affordability concerns, but Allstate's 20%+ agent productivity growth supports new business.
- **Competitive Environment**: Broad distribution (agents, direct, IA) and ASC product profitability position Allstate to gain share despite industry 80s-90s combined ratios. Homeowners leadership (10-year 92% combined ratio) and ASC auto profitability (>10% margins) sustain growth.
- **Tariffs & Inflation**: Managed used car price inflation (60% YoY 2024) successfully; tariffs' impact on repair costs manageable within current pricing.
- **California Homeowners**: Regulatory progress on wildfire modeling may enable new business filings post-moratorium sunset.


The Allstate Corporation (ALL) Q2 2025 Earnings Call Transcript

- **Revenue Growth**: $16.5B (+7.8% YoY), driven by 27% new business apps in Property-Liability. 
- **Profitability**: Auto combined ratio 91.3, Protection Services adj. net income $162M (7x 2018). 
- **Expansion**: 36 states for affordable auto insurance, 6 states for homeowners. 
- **Catastrophe Management**: $1.1B reinsurance recoveries offset $3.3B losses. 
- **Shareholder Returns**: $1.5B buyback program, $1 EPS dividend. 
- **Tariff Impact**: Mid-single-digit severity increase, cost management strategies active. 


**【CEO Opening Remarks】**
- Q1 2025 revenue: $16.5 billion (7.8% YoY growth), net income: $566 million, adjusted net income: $949 million ($3.53 EPS). 
- Key strategy: Expand Property-Liability market share (+27% new business apps vs. Q1 2024) and grow Protection Services (162M customers globally). 
- Auto insurance PIF stable at 25.1M, homeowners PIF +2.5% YoY. 
- S.A.V.E. program aims to improve 25M customer interactions/year.

**【Mario Rizzo - Property-Liability Results】**
- Q1 underwriting income: $360M, combined ratio: 97.4 (4.4pts higher vs. Q1 2024 due to $3.3B catastrophe losses). 
- Auto combined ratio: 91.3 (strong earned premium growth), homeowners underlying ratio: low-60s. 
- Reinsurance recoveries: $1.1B (California wildfires). 
- Auto new business apps +31.2% YoY, homeowners +10% YoY. 

**【John Dugenske - Investment Strategy】**
- Diversified portfolio: 85% public interest-bearing assets, 15% performance-based. 
- Dynamic asset allocation reduced public equity exposure in late 2021, extended fixed income duration. 
- 12-month Protection Services adjusted net income: $162M (7x 2018 level). 

**【Jess Merten - Protection Services】**
- Allstate Protection Plans: 162M customers (4x since acquisition), 18-country reach. 
- 12-month adjusted net income: $162M (vs. $23M in 2018). 
- Strategic partnerships with 5 Fortune 40 companies. 

**【Q&A Highlights】**
- Auto insurance pricing: Industry rational, Allstate +2.8M new business Q1. 
- Retention: Stabilized YoY, S.A.V.E. program targeting affordability & experience. 
- Tariffs: Mid-single-digit severity impact, cost management strategies in place. 
- Capital allocation: $1.5B share buyback program ($100M executed Q1), stable capital position. 
- California homeowners: Restricting business due to losses, auto PIF +0.5pts YoY. 


The Allstate Corporation (ALL)-1 May 25-2025 Q1 Earnings call transcript

- **Record Financial Performance**: $4.6B FY24 net income, 26.8% ROE, 11.3% Q4 revenue growth. 
- **Auto Business Turnaround**: 93.5% combined ratio, 31-state growth, 30%+ new business apps. 
- **Homeowners Dominance**: 90.1% combined ratio, $1.3B underwriting profit, 2.4% PIF growth. 
- **Strategic Divestitures**: $3.25B proceeds from health sales, $1B book gain. 
- **Wildfire Impact**: $1.1B net loss (Q1 2025), 50%+ California market share reduction. 
- **Shareholder Returns**: $41.5B total buybacks, 10-12% premium growth target. 


**【CEO Opening Remarks】**
- Total Q4 2024 revenue: $16.5 billion (+11.3% YoY). Full-year revenue: $64.1 billion (+10.6% YoY). 
- Net income: $1.9 billion (Q4) / $4.6 billion (FY24). Adjusted ROE: 26.8% (12-month trailing). 
- Transformative Growth initiatives: +76% new business policies (2024 vs. 2019), 31-state rollout of affordable auto insurance. 
- Strategic divestitures: $3.25 billion proceeds from health & benefits sales, $1 billion book gain. 

**【CFO Financial Breakdown】**
- Property-Liability underwriting income: $1.8 billion (Q4) / $4.6 billion (FY24). Auto combined ratio: 93.5% (Q4) vs. 98.9% prior year. 
- Homeowners combined ratio: 90.1% (FY24), $1.3 billion underwriting profit. 
- Investment income: $727 million (Q4) vs. $604 million prior year. Fixed income yield: 4.4% (vs. 4.0% prior year). 
- Protection Plans revenue: $528 million (Q4) (+20.3% YoY), 160 million policies (vs. 100 million in 2019). 

**【Q&A Key Takeaways】**
- **Auto Growth Strategy**: 31 states with profitable growth, 30%+ new business apps (Q4). Proactive customer outreach to improve retention. 
- **California Wildfires**: $2 billion gross loss, $900 million reinsurance recovery. Net impact: $1.1 billion (Q1 2025). 
- **Capital Allocation**: $41.5 billion shares repurchased since IPO. FY24 buybacks: $7.8 billion. 
- **ROE Outlook**: No specific target, focus on 10-12% premium growth. 
- **Expense Ratio**: 500bps improvement since 2019, 60%+ further reduction potential. 
- **Divestiture Impact**: 180bps ROE dilution from health sales, offset by core P-L growth. 


Actual												3.54	2.4531	2.94	5.87	6.11	3.79	0.73	2.75	2.58	-0.76	-1.56	-1.36	-1.3	-4.42	0.81	5.82	5.13	1.61	3.91	7.67	3.53	5.94	11.17	14.31
Forecast												3.364	1.5432	1.7245	3.8129	3.9261	3.1711	1.6401	2.7733	2.898	-1.175	-1.4228	-1.3603	-1.0542	-4.1703	0.4471	3.9405	3.932	0.2784	2.3769	6.2723	2.5218	3.2456	7.6655	9.8336
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+5.23%	+58.96%	+70.48%	+53.95%	+55.63%	+19.52%	-55.49%	-0.84%	-10.97%	+35.32%	-9.64%	+0.02%	-23.32%	-5.99%	+81.17%	+47.70%	+30.47%	+478.30%	+64.50%	+22.28%	+39.98%	+83.02%	+45.72%	+45.52%

ALL

ALL fundamentals

ALL Q4 2025 Earnings

Earnings Call

You can ask Aime

ALL

ALL fundamentals

ALL Q4 2025 Earnings

Earnings Call

ALL Earnings Call Summary for Q4/20259:00 AM on Feb 5, 2026

ALL Earnings Call Summary for Q3/20259:00 AM on Nov 6, 2025

ALL Earnings Call Summary for Q2/20259:00 AM on Jul 31, 2025

ALL Earnings Call Summary for Q1/20259:00 AM on May 1, 2025

ALL Earnings Call Summary for Q4/20249:00 AM on Feb 6, 2025

You can ask Aime