Allstate Corp. third quarter 2025 net income applicable to
common shareholders was about $3.7 billion, more then triple the $1.2 billion booked for the same quarter a year ago.
Allstate’s Property-Liability business turned in a Q3 combined ratio
more than 16 points better than Q3 2024, at 80.1. Catastrophe losses for the quarter were $558 million compared to $1.7 billion.
Property-Liability booked underwriting income for Q3 of nearly $2.9 billio
n compared with $495 million a year ago during the same period. Pr
emiums written increased 6.3% to about $15.6 billion.
Allstate’s so-called “Transformative Growth” strategy is “increasing Property-Liability market share and exp
anding protection offerings,” said CEO Tom Wilson
in a statement. “Property-Liability market share increased in non-stan
dard auto and homeowners insurance and in the independent agent channel.”
The Northbrook, Illinois-based insurer’s auto segment turned in Q3 underwriting income of about $1.7 billion
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compared to $486 million for Q3 2024. The combined ratio here was 82—nearly a 13-point improvement over l
ast year. Reserve reestimates of $480 million from favorable severity
development in personal auto injury and physical damage gave a 5-point benefit to the ratio.
Allstate said more marketing, expanded distribution, new products, and rating plans grew policies in force 1.3%.
A 61% drop in Q3 catastrophe losses to $479 million helped the homeowners line record underwriting
income of about $1.1 billion versus $60 million a year ago. The Q3 combi
ned ratio for the business improved to 71.5 from 98.2 for Q2 2024.
Written premiums in homeowners were up 13.1% in Q3 to about $4.6 billion.