ALL · 8-K · 20260805PR000117
Property-Liability Segment Performance
ALLSTATE CORP · 2026-08-05 · Importance 69 · Surprise 64 · No source text
Property-Liability earned premiums increased 4.0% year over year to $14.918 billion, driven by policy-in-force growth and higher homeowners insurance average premiums. Underwriting income rose 56.7% to $2.006 billion from $1.280 billion. The recorded combined ratio improved 4.5 points to 86.6, primarily because catastrophe losses declined $268 million to $1.722 billion and prior-year reserve releases were more favorable. Property-Liability policies in force increased 2.6% to 38.897 million, led by auto and homeowners insurance.
Key facts
- Property-Liability underwriting income was $2.0 billion in the second quarter of 2026 compared to $1.3 billion in the prior year quarter. source
- Property-Liability earned premiums of $14.9 billion increased 4.0% in the second quarter of 2026 compared to the prior year. source
- Property-Liability premiums written were $15,431 million for the three months ended June 30, 2026, a 2.6% increase versus $15,047 million in 2025. source
- Property and casualty insurance claims and claims expense were $9,862 million in the three months ended June 30, 2026, down from $10,249 million in 2025. source
- Property-Liability catastrophe losses were $1,722 million in the three months ended June 30, 2026, down from $1,990 million in 2025 (13.5% decrease). source
- Property-Liability recorded combined ratio was 86.6 for the quarter, an improvement of 4.5 points versus the prior year quarter. source
- Amortization of deferred policy acquisition costs was $2,202 million in the three months ended June 30, 2026. source
- Property-Liability policies in force were 38,897 thousand in the quarter, a 2.6% increase from 37,900 thousand in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +4.5% | Property-Liability underwriting income was $2.0 billion in the second quarter of 2026 compared to $1.3 billion in the prior year quarter. |
| revenue | positive | realized | +3.7% | Property-Liability earned premiums of $14.9 billion increased 4.0% in the second quarter of 2026 compared to the prior year. |
| operating_income | positive | realized | +2.5% | Property and casualty insurance claims and claims expense were $9,862 million in the three months ended June 30, 2026, down from $10,249… |
| revenue | positive | realized | +2.5% | Property-Liability premiums written were $15,431 million for the three months ended June 30, 2026, a 2.6% increase versus $15,047 million… |