Allstate (ALL) Q3 revenue $17.3 billion vs $16.2 billion est.

Allstate reported third-quarter 2026 revenue of $17.3 billion, topping the $16.2 billion consensus estimate, though net income fell 44.8% to $2.05 billion, or $8.03 per diluted share, from $3.72 billion a year earlier on higher catastrophe losses, a prior-year gain on the sale of its group health business and investment and derivative losses. Adjusted net income dropped 16.2% to $2.49 billion, or $9.76 per diluted share, as underwriting margins on auto and homeowners insurance stayed strong and investment income rose. Property-Liability policies grew 3.3% and total policies in force reached 217.6 million, with auto and homeowners policies up 3.4% and 3.3%, respectively, under CEO Tom Wilson's Transformative Growth strategy. The results matter because they show Allstate expanding market share and Protection Services even as catastrophe losses and investment volatility weigh on headline profit. Watch for further expansion of the company's ALLIE large-language model system, with additional capabilities planned for early 2027, and for catastrophe loss trends heading into the fourth quarter.