| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 92 | 5.0x | 17.8x | Top tier | |
Growth | 67 | 5.9% | 7.1% | Top tier | |
Quality | 99 | — | — | Top tier | |
Safety | 33 | — | — | Bottom tier | |
Capital Return | 64 | 1.64% | 2.12% | Around median | |
Momentum | 88 | 31.0% | 2.9% | Top tier | |
Sentiment | 38 | 15 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
The Allstate Corporation provides insurance protection through its Property-Liability business and specialized protection services. Its core business consists of auto and homeowners insurance distributed through Allstate agents, independent agents, and direct channels, while Protection Services includes protection plans for appliances and furniture, vehicle warranties, roadside assistance, identity protection, and mobility data; these services had 177 million policies in force and contributed $3.4 billion in revenue and more than $200 million in adjusted net income during the twelve months ended in fiscal Q2 2026.
In fiscal Q2 2026, revenue reached $18.6 billion, up 11.8% from fiscal Q2 2025, compared with $16.9 billion in fiscal Q1 2026. EDGAR data showed net income of $3.3 billion and earnings per share of $12.51, while management reported adjusted net income of $2.3 billion and adjusted earnings per share of $8.99. For the twelve months ended in fiscal Q2 2026, revenue totaled $68.2 billion and net income totaled $12.1 billion.
Property-Liability remained the largest operating driver, with net premiums earned of $14.9 billion, up 4% in fiscal Q2 2026. The segment’s combined ratio improved by 4.5 points to 86.6%, with auto insurance at 83.3% and homeowners insurance at 94.6%, while the underlying combined ratio remained stable at 79.4%. This resulted in underwriting income of $2 billion, an increase of approximately 57% from the comparable quarter, alongside a 33.8% increase in net investment income to $1 billion.
The average analyst price target is $270.46, close to the upper end of the 52-week range of $277.22, while price targets range from $226 to $319 versus an annual trading range of $188.08 to $277.22. The Neutral rating and wide range of targets balance the strength of fiscal 2026 earnings against the risks of normalizing underwriting margins and nonrecurring reserve releases; the provided data do not include a valid price-to-earnings ratio that would allow an earnings-based valuation comparison.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Allstate’s revenue reached approximately $18.6 billion, up 11.8% from fiscal Q2 2025. EDGAR data showed net income of $3.3 billion and earnings per share of $12.51, while reported adjusted net income totaled $2.3 billion. The primary support came from Property-Liability underwriting income of $2 billion and a 33.8% increase in net investment income to $1 billion.
Auto insurance policies in force grew 2.8%, and homeowners policies grew 2.9% in fiscal Q2 2026. New auto business reached 2.3 million units, compared with 1.5 million three years earlier, while new homeowners business increased 46.8% to 411 thousand policies. Companywide issued applications also increased 9.9%, and management said growth was distributed among exclusive agents, independent agents, and the direct channel.
The combined ratio measures insurance losses and expenses relative to premiums, so a reading below 100% indicates an underwriting profit. Property-Liability recorded a combined ratio of 86.6% in fiscal Q2 2026, an improvement of 4.5 points, while the ratio was 83.3% in auto and 94.6% in homeowners. However, the underlying measure remained stable at 79.4%, and lower catastrophe losses and reserve reestimation contributed to part of the reported improvement.
Automated analysis for informational purposes only — not investment advice.
Allstate intends to use Ally to connect pricing, claims, customer service, and lead-routing operations through eight integrated components. The platform is based on an analytical architecture that uses more than 250 models, 40 petabytes of data, and 1.5 billion processor compute hours. Management expects a positive impact on expenses, pricing accuracy, and growth, but confirmed during the August 5, 2026 call that the platform had not been completed or fully deployed and did not specify quantitative savings or growth.
Protection Services had 177 million policies in force and contributed approximately $3.4 billion in revenue and more than $200 million in adjusted net income during the twelve months ended in fiscal Q2 2026. Allstate Protection Plans distributes its products through more than 30 major retailers, including Walmart, Costco, and Home Depot, while Dealer Services has relationships with more than 1,100 auto dealerships. The platform also includes 3.4 million identity protection customers and 1.75 million roadside assistance events annually.
The main risks include catastrophe losses, parts and labor inflation, and elevated bodily injury claim severity, in addition to intense competition in auto insurance. The $1.5 billion in auto reserve releases during the first half of fiscal 2026 may also not recur, while the expense ratio increased by one point in Q2. The Neutral analyst rating and the wide range of targets from $226 to $319 provide further evidence of differing estimates regarding the sustainability of margins and growth.
