NYSE:ALL

Allstate Posts Strong Q2 2025 Results with $2.1 Billion Net Income

The Allstate Corporation (NYSE: ALL) reported strong second quarter results with net income of $2.1 billion and adjusted net income of $1.6 billion ($5.94 per share), boosted by a $643 million post-tax gain from the sale of its Employer Voluntary Benefits business.

Revenues rose 5.8% year-over-year to $16.6 billion. Policies in force reached 208 million, up 4%, driven by growth in Protection Plans and a rebound in personal property-liability policies. International Protection Plan revenues surged 30%, and the investment portfolio generated $754 million in income.

CEO Tom Wilson highlighted the company’s success in executing growth strategies and reallocating capital, including completing the $3.25 billion divestiture of its health businesses.
Allstate Reports $1.99 Billion in Q2 Catastrophe Losses

The Allstate Corporation (NYSE: ALL) announced $619 million in catastrophe losses for June 2025, bringing total Q2 losses to $1.99 billion ($1.57 billion after tax). June’s losses stemmed from 15 events, with three major wind and hail storms accounting for roughly 70% of costs.

Policy counts remained stable. As of June 30, Allstate had 25.2 million auto policies (+0.5% YoY), 7.6 million homeowners policies (+2.3%), and 4.9 million other personal lines. Commercial lines declined 31% year-over-year.
Allstate Reports $777 Million in Estimated Catastrophe Losses for May 2025

The Allstate Corporation announced estimated catastrophe losses of $777 million ($614 million after-tax) for May 2025. These losses stem from 11 events, with around 70% attributed to three major wind and hail incidents across wide geographic areas. Combined catastrophe losses for April and May totaled $1.37 billion ($1.08 billion after-tax).

As of May 31, 2025, Allstate had 37.88 million policies in force, reflecting a slight increase from the prior month and year. Notably, auto and homeowners policies each rose by 0.2% month-over-month, while commercial lines saw a 2.2% decline compared to April and a 31.8% drop year-over-year.
Allstate reported estimated catastrophe losses of $1.04 billion for March 2025, mostly due to wind and hail events. After-tax, losses totaled $818 million. For the first quarter, total catastrophe losses reached $2.2 billion. Allstate also surpassed its reinsurance retention level, leading to $123 million in recoveries.

As of March 31, 2025, total policies in force were 37.7 million, up slightly from February. Auto policies were down 0.4% year over year, while homeowners policies increased 2.5%. Commercial lines declined over 30% compared to the previous year.
The Allstate Corporation (NYSE: ALL) has reported estimated catastrophe losses of $92 million ($73 million after-tax) for February 2025. Year-to-date catastrophe losses for February stand at $1.17 billion ($922 million after-tax).

As of February 28, 2025, Allstate Protection had 37.5 million policies in force, reflecting a slight 0.2% increase from January but a 0.3% decline year-over-year. Auto policies saw a 0.9% year-over-year decrease, while homeowners policies grew by 2.5%. Commercial lines policies declined 29% compared to the previous year.

Allstate routinely posts financial information and material announcements on its investor relations website. The company also noted that forward-looking statements in the release are subject to risks and uncertainties, as outlined in its SEC filings.
Allstate Corporation reported estimated catastrophe losses for January 2025 totaling $1.08 billion, or $849 million after tax. The majority of these losses, approximately $1.07 billion, were attributed to California wildfires, which factored in reinsurance reinstatement premiums, an estimated California FAIR Plan assessment, and net reinsurance recoveries of $1.40 billion.

The company's policy counts showed slight declines in most categories compared to the previous month and year. Auto policies in force declined 0.4% from December 2024 and 1.3% year-over-year. Homeowners' policies increased 0.1% month-over-month and 2.5% year-over-year. Commercial lines saw the largest drop, decreasing 4.2% from December and 27.1% from January 2024.

Allstate reiterated that forward-looking statements in the report are based on estimates and assumptions that could be subject to change due to various risks and uncertainties. More details are available on their investor relations website.