Allstate Corp. reported a third-quarter 2025 net income attributable to common shareholders of approximately $3.7 billion, more than triple the $1.2 billion recorded in the same period last year.
The company’s Property-Liability division delivered a Q3 combined ratio of 80.1, over 16 points better than Q3 2024. Catastrophe losses for the quarter fell sharply to $558 million from $1.7 billion a year ago. Underwriting income for Property-Liability reached nearly $2.9 billion, a significant rise from $495 million in the same quarter last year. Premiums written increased 6.3% to roughly $15.6 billion.
CEO Tom Wilson highlighted the impact of Allstate’s “Transformative Growth” strategy, which aims to “increase Property-Liability market share and expand protection offerings.” He added, “Market share increased in non-standard auto and homeowners insurance, as well as in the independent agent channel.”
In the auto segment, underwriting income surged to around $1.7 billion, compared with $486 million for Q3 2024. The combined ratio improved nearly 13 points to 82. Reserve reestimates of $480 million, driven by favourable developments in personal auto injury and physical damage, contributed a five-point benefit to the ratio.
Allstate also noted that increased marketing, expanded distribution, new products, and updated rating plans drove a 1.3% rise in policies in force.
The homeowners line benefited from a 61% reduction in catastrophe losses, down to $479 million, leading to underwriting income of about $1.1 billion versus $60 million a year earlier. The Q3 combined ratio for homeowners improved to 71.5 from 98.2 in Q3 2024. Written premiums in homeowners rose 13.1% in Q3, reaching approximately $4.6 billion.
The company’s Property-Liability division delivered a Q3 combined ratio of 80.1, over 16 points better than Q3 2024, as catastrophe losses fell sharply to $558 million from $1.7 billion a year ago. Underwriting income for the division reached nearly $2.9 billion, a significant increase from $495 million in the prior-year quarter, while premiums written grew 6.3% to roughly $15.6 billion.
CEO Tom Wilson attributed the strong results to Allstate’s “Transformative Growth” strategy, which aims to increase market share in Property-Liability and expand protection offerings. He noted that market share gains were achieved in non-standard auto, homeowners insurance, and the independent agent channel.
In the auto segment, underwriting income surged to approximately $1.7 billion, compared with $486 million for Q3 2024. The combined ratio improved nearly 13 points to 82, aided by $480 million in reserve reestimates stemming from favorable developments in personal auto injury and physical damage claims. A 1.3% increase in policies in force was driven by new marketing initiatives, expanded distribution, and updated rating plans.
The homeowners line saw a 61% reduction in catastrophe losses, down to $479 million, resulting in underwriting income of about $1.1 billion, up from $60 million a year earlier. The Q3 combined ratio for homeowners improved to 71.5 from 98.2, while written premiums rose 13.1% to roughly $4.6 billion.