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Compared to Estimates, Allstate (ALL) Q3 Earnings: A Look at Key Metrics

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For the quarter ended September 2026, Allstate (ALL - Free Report) reported revenue of $17.89 billion, up 5.2% over the same period last year. EPS came in at $9.76, compared to $11.17 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $17.84 billion, representing a surprise of +0.29%. The company delivered an EPS surprise of +38.83%, with the consensus EPS estimate being $7.03.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Allstate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Property-Liability - Combined Ratio: 86.6% versus the seven-analyst average estimate of 91.4%.
  • Property-Liability - Expense Ratio: 22% compared to the 21.6% average estimate based on six analysts.
  • Property-Liability - Loss Ratio: 64.6% versus 69.2% estimated by six analysts on average.
  • Allstate Protection - Homeowners Insurance - Combined Ratio: 89.5% versus the five-analyst average estimate of 94.2%.
  • Underwriting Income- Property-Liability: $2.02 billion versus $1.28 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -30.1% change.
  • Property-Liability- Net Premiums Earned: $15.09 billion versus the seven-analyst average estimate of $15.12 billion. The reported number represents a year-over-year change of +3.8%.
  • Property-Liability- Net Investment Income: $1.05 billion versus the seven-analyst average estimate of $832.78 million. The reported number represents a year-over-year change of +20.5%.
  • Revenues- Protection Services: $946 million versus the six-analyst average estimate of $957.06 million. The reported number represents a year-over-year change of +3.7%.
  • Property-Liability- Other Revenue: $564 million versus the six-analyst average estimate of $557.69 million. The reported number represents a year-over-year change of +8.9%.
  • Corporate and Other- Net Investment Income: $96 million versus $80.43 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +95.9% change.
  • Corporate and Other- Other Revenue: $9 million compared to the $14.13 million average estimate based on five analysts. The reported number represents a change of -62.5% year over year.
  • Revenues- Property and casualty insurance premiums: $15.86 billion versus the five-analyst average estimate of $16.11 billion. The reported number represents a year-over-year change of +4%.

View all Key Company Metrics for Allstate here>>>

Shares of Allstate have returned +16.6% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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