Transformative Growth execution results in strong operating results
NORTHBROOK, Ill. – The Allstate Corporation (NYSE: ALL) today reported financial results forthe third quarter of 2025. “Allstate delivered excellent operating results in the third quarter,” said Tom Wilson, who leads The Allstate Corporation. “Revenues increased to $17.3 billion, a 3.8% increase over the prior year. Policies in force increased to 209.5 million due to continued growth in Protection Plans and increased homeowners and auto insurance policies in force. Net income was $3.7 billion, driven by strong operating performance across the Property-Liability business, modest catastrophe losses, higher investment results and favorable insurance reserve releases. Adjusted net income* was $3.0 billion, or $11.17 per diluted share.”
“The Transformative Growth strategy is increasing Property-Liability market share and expanding protection offerings. Property-Liability market share increased in non-standard auto and homeowners insurance and in the independent agent channel. Total auto insurance policies in force increased by 1.3%, 2.8% for active brands, versus the prior year. The rollout of new property-liability products, increased advertising, broad distribution and expanded retention programs are expected to drive continued growth. Protection Plans continues to grow internationally with policies in force and revenues increasing by 4.2% and 14.8% respectively over the prior year. The Transformative Growth technology platform also supports accelerated deployment of generative and agentic artificial intelligence to lower costs and reimagine customer value. Allstate will continue to create shareholder value by innovating, embracing change and being the best protection provider,” concluded Wilson.
Third Quarter 2025 Results
• Total revenues of $17.3 billion in the third quarter of 2025 were $628 million or 3.8% higher than the prior year quarter.
• Net income applicable to common shareholders was $3.7 billion in the third quarter of 2025, compared to $1.2 billion in the prior year quarter, reflecting strong operating results across the enterprise.
• Adjusted net income* was $3.0 billion, or $11.17 per diluted share, compared to $1.0 billion in the prior year quarter.
• Adjusted net income return on common shareholders equity* was 34.7%.
- Property-Liability earned premiums of $14.5 billion increased 6.1% in the third quarter of 2025 compared to the prior year quarter, primarily driven by higher average premiums and policy in force growth. Underwriting income was $2.9 billion compared to $495 million in the prior year quarter.
- Premiums written increased 6.3% compared to the prior year quarter, reflecting higher auto and homeowners insurance average premiums and policies in force.
- Policies in force increased by 1.2%, led by growth in auto and homeowners insurance policies, partially offset by a 26.9% decline in commercial policies.
- Allstate-branded Affordable, Simple, Connected auto insurance products are now available in 42 states with the homeowners insurance product available in 24 states. Custom360® middle market standard and preferred auto and homeowners insurance products are available in 34 states for independent agents.
- Property-Liability combined ratio was 80.1 for the quarter, which was an improvement of 16.3 points versus the prior year quarter due to lower catastrophe losses and the benefit of non-catastrophe reserve releases.
