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The Allstate Corporation
NYSE: ALL Financials Insurance 🔎 Screen
S&P 500
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$67.0B
Market Cap
5.5
P/E
0.44
PEG
35.9%
ROCE
39.5%
ROE
D/E
17.7%
OPM
-4.8%
% from 52W High
79
α RS
🔍 ALL is showing a high-conviction setup because it matches 10 of 37 tracked screener presets, Sector RRG has Financials in the Improving quadrant with the trail still strengthening, and RS Rating is 79. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 10/37 · Financials in Improving quadrant · RS Rating 79
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🌏 Global Investor Returns
Currency-adjusted total returns for ALL including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding ALL
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 317.7K $65.9M 0.10% Mar 2026
Steve Cohen Point72 Asset Management 278.1K $57.7M 0.07% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$18.6B
+11.8% YoY
Operating Income
$2.3B
+46.4% YoY
Net Income
$3.2B
+55.9% YoY
What Went Right
  • Revenue grew 11.8% to $18.6B on 4% Property-Liability earned premium growth.
  • Combined ratio improved 4.5 points to 86.6; underwriting income up 57% to $2.0B.
  • Auto new business hit 2.3M applications vs 1.5M three years ago; policies in force up 3.8%.
What to Watch
  • Expense ratio rose 1 point from higher advertising and one-time legal costs.
  • Auto net rate change was 0% in Q2 as competitive pressures build.
  • Catastrophe losses remained elevated at $1.7B; bodily injury severity trends were called out.
Management Guidance
  • No explicit revenue guidance provided for Q3 2026.
  • Reaffirmed $4B share repurchase authorization; $2.6B remains after $1B repurchased in Q2.
  • Expect continued Property-Liability market share growth and investment in ALLIE AI ecosystem.
Investor Lens
Allstate's investment thesis is stronger after a quarter that combined double-digit revenue growth, a 4.5-point combined ratio improvement to 86.6, and robust capital returns ($1.3B returned, $1B buyback). The company is reaccelerating policy growth (PIF +3.8%) while holding underlying combined ratio at 79.4, demonstrating pricing power and operational discipline. The main uncertainty is zero auto rate changes and heightened competition, but management's track record of rapid reserve adjustments and technology-driven execution supports confidence. Overall, the call reinforces Allstate's operational excellence and capital-generation story.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong quarter: revenue up 11.8%, combined ratio 86.6
Revenue
Total revenues rose 11.8% to $18.6B in Q2, driven by 4.0% growth in Property-Liability earned premiums to $14.9B and a 33.8% jump in net investment income to $1.0B. Protection Services contributed $3.4B to trailing-twelve-month revenue.
Profitability
Net income climbed 55.9% to $3.2B, while adjusted net income was $2.3B, or $8.99 per diluted share, up 46.4% YoY. First-half adjusted EPS was $19.65.
Margins
P-L recorded combined ratio improved 4.5 points to 86.6, with underlying combined ratio at 79.4 (flat). Auto combined ratio fell to 83.3 and homeowners to 94.6, though expense ratio increased 1 point due to advertising and legal costs.
Balance Sheet
Deployable capital at the holding company increased to $9.5B (~$37/share). The company returned $1.3B to shareholders, including $1B of share repurchases; $2.6B remained under the buyback authorization.
Key Risks
Management noted auto competition with zero net rate change and elevated bodily injury severity. Catastrophe losses were $1.7B in Q2 (down 13.5% YoY), and reliance on reserve releases ($1.5B YTD) may fade.
Outlook
No formal revenue guidance was given for Q3. Management reaffirmed the $4B buyback and expects continued market share gains from Transformative Growth and ALLIE.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-06
Revenues grew 11.8% to $18.6B, with strong underwriting and investment income driving net income of $3.2B and a 44.2% ROE. Property-liability combined ratio improved to 86.6, and new business growth was robust across all channels. $1.3B was returned to shareholders in Q2.
Q1 2026 Q1 2026 2026-04-30
Q1 2026 saw strong revenue and net income growth, improved combined ratios, and record policy growth in both auto and homeowners insurance. Investment income rose nearly 10%, and capital returns to shareholders accelerated, supported by robust underwriting and dynamic asset allocation.
Q4 2025 Q4 2025 2026-02-05
Fourth quarter and full-year results showed strong revenue and net income growth, driven by improved underwriting, lower catastrophes, and cost reductions. Policy growth accelerated across channels, with significant returns to shareholders and continued focus on affordability and operational excellence.
Q3 2025 Q3 2025 2025-11-06
Q3 2025 saw strong revenue and net income growth, driven by property liability, investment income, and favorable reserve releases. The transformative growth initiative and AI investments are fueling profitable expansion, while capital returns to shareholders remain robust.
Q2 2025 Q2 2025 2025-07-31
Q2 2025 saw 5.8% revenue growth, strong underwriting income, and a 28.6% ROE. Auto and homeowners policies grew, with new business up 21%. Divestitures and capital returns strengthened the balance sheet, while catastrophe losses and regulatory shifts remain key risks.
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This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
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