ALL · Earnings call · 2026Q2T · Full report

Net Income and Investment Income

ALLSTATE CORP · 2026-08-05 · Importance 64 · Surprise 56 · No source text

Second-quarter net income was $3.2 billion, while adjusted net income was $2.3 billion, or $8.99 per diluted share. First-half adjusted net income reached $5.1 billion, or $19.65 per share, and adjusted net income return on equity was 44.2% over the last 12 months. Net investment income increased 33.8% year over year to $1 billion, reflecting a longer portfolio duration, a larger portfolio and increased performance-based income. Trailing-12-month investment income rose from $2.4 billion in 2022 to nearly $3.8 billion in the second quarter of 2026, with public equity holdings increased by $7.1 billion last year.

Key facts

• Investment income increased over 57% since 2022, growing from $2.4 billion to nearly $3.8 billion on a trailing 12-month basis as of second quarter 2026.
• Since 2022 Allstate's annual investment income grew from $2.4 billion to nearly $3.8 billion TTM as of Q2 2026 (an increase of over 57%).
• Net investment income increased 33.8% to $1 billion.
• Last year public equity holdings were increased by $7.1 billion and the duration of the bond portfolio was lengthened.
• Allstate increased public equity holdings by $7.1 billion last year.
• Investment income increased contribution to roughly $11.50 of adjusted net income per diluted share.
• The investment portfolio was 80% interest-bearing assets with equity securities and performance-based investments providing growth-oriented exposure.
• Net income was $3.2 billion.

Impact estimates