NYSE$ALL
Allstate Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Allstate's Q3 2023 financial performance was marked by improved profitability and progress in its growth strategy.
Allstate reported adjusted net income of $214 million, driven by improved underwriting performance, strong investment income, and profits from Protection Services and Health and Benefits. The Property-Liability underlying combined ratio improved, but the company faced an underwriting loss due to increased auto insurance loss costs, elevated catastrophe losses, and adverse prior year loss development. Allstate is pursuing the sale of its Health and Benefits businesses and is focused on increasing property-liability market share.
- Adjusted net income was $214 million, or $0.81 per diluted share.
- Property-Liability earned premium grew by 10.0%.
- The Property-Liability underlying combined ratio improved to 91.9.
- Total revenues increased by 9.8% to $14.5 billion.
Headline financials
Revenue & EPS history
Allstate · Revenue · Quarterly
$14.5B
Revenue by segment
Allstate · $607M total across 4 segments · Q1 2023
- Protection Plans$385M—63.4%
- Dealer Services$148M—24.4%
- Arity$37M—6.1%
- Identity Protection$37M—6.1%
Forward guidance
Allstate is proactively managing capital and is confident that strategic actions will result in profitable growth and attractive shareholder returns.
Tailwinds
- Comprehensive profit improvement plan is in progress.
- Strategic actions are expected to lead to profitable growth.
- Attractive shareholder returns are anticipated.
- Financial flexibility to navigate the operating environment.
- Capital resources are available to invest in growth.
Headwinds
- Challenging operating environment.
- Unspecified uncertainties.
- Reliance on estimates, assumptions, and plans.
- Potential for inaccurate estimates, assumptions, or plans.
- Risk of actual results differing materially from forward-looking statements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.3%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.1%
Avg return
30 days after
53%
39 / 73 earnings
Positive
+5.7%
Q2 2025
Best reaction
-9.9%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +2.9% | -2.8% | |
| Q4 2025 | +3.9% | -2.9% | +2.5% | |
| Q3 2025 | +1.5% | +6.5% | +3.9% | |
| Q2 2025 | +5.7% | +6.9% | +5.8% | |
| Q1 2025 | -0.6% | +1.8% | +5.8% | |
| Q4 2024 | -0.6% | -1.9% | +4.0% | |
| Q3 2024 | -0.0% | -2.3% | +11.2% | |
| Q2 2024 | +2.2% | -2.6% | +8.8% | |
| Q1 2024 | -0.5% | +0.0% | -1.5% | |
| Q4 2023 | +2.8% | +1.3% | -0.3% | |
| Q3 2023 | +2.5% | +1.9% | +7.5% | |
| Q2 2023 | -5.5% | -2.5% | -4.3% | |
| Q1 2023 | +1.5% | +3.3% | -2.1% | |
| Q4 2022 | +2.7% | -7.6% | -0.3% | |
| Q3 2022 | -1.4% | +2.4% | +4.1% | |
| Q2 2022 | -1.5% | +2.2% | +5.0% | |
| Q1 2022 | +1.4% | -0.6% | +1.7% | |
| Q4 2021 | +2.5% | +5.1% | +7.4% | |
| Q3 2021 | -6.5% | -6.5% | -13.5% | |
| Q2 2021 | -2.1% | +1.5% | +2.5% | |
| Q1 2021 | +3.7% | +5.2% | +6.6% | |
| Q4 2020 | -3.3% | -3.1% | +0.7% | |
| Q3 2020 | -2.7% | +1.0% | +12.3% | |
| Q2 2020 | -1.5% | +0.7% | -3.0% | |
| Q1 2020 | +1.1% | +0.4% | +1.5% | |
| Q4 2019 | +4.7% | +4.5% | -8.9% | |
| Q3 2019 | -1.5% | -0.7% | +5.1% | |
| Q2 2019 | +5.5% | +2.7% | +0.4% | |
| Q1 2019 | -0.8% | -1.4% | -3.6% | |
| Q4 2018 | +4.2% | +4.1% | +5.0% | |
| Q3 2018 | -5.8% | -5.3% | -6.6% | |
| Q2 2018 | +2.5% | +3.4% | +5.7% | |
| Q1 2018 | -3.8% | -3.4% | -4.4% | |
| Q4 2017 | -6.8% | -6.1% | -0.6% | |
| Q3 2017 | +4.3% | +5.6% | +9.8% | |
| Q2 2017 | +3.5% | +3.5% | -0.5% | |
| Q1 2017 | +0.6% | -0.9% | +2.0% | |
| Q4 2016 | +2.9% | +3.8% | +8.8% | |
| Q3 2016 | +1.3% | -0.5% | +5.1% | |
| Q2 2016 | +0.7% | +1.6% | +1.2% | |
| Q1 2016 | +3.8% | — | — | |
| Q4 2015 | +3.5% | — | — | |
| Q3 2015 | +2.1% | — | — | |
| Q2 2015 | -9.9% | — | — | |
| Q1 2015 | -3.6% | — | — | |
| Q4 2014 | +0.4% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | +2.5% | — | — | |
| Q1 2014 | +1.2% | — | — | |
| Q4 2013 | +4.9% | — | — | |
| Q3 2013 | -0.6% | — | — | |
| Q2 2013 | +2.6% | — | — | |
| Q1 2013 | -2.1% | — | — | |
| Q4 2012 | +1.7% | — | — | |
| Q3 2012 | -2.7% | — | — | |
| Q4 2011 | +4.7% | — | — | |
| Q2 2012 | +4.7% | — | — | |
| Q1 2012 | +2.5% | — | — | |
| Q3 2011 | -3.9% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2011 | -1.3% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q3 2010 | -6.9% | — | — | |
| Q2 2010 | -0.4% | — | — | |
| Q1 2009 | +0.0% | — | — | |
| Q1 2010 | +1.3% | — | — | |
| Q4 2009 | -0.1% | — | — | |
| Q4 2007 | -0.1% | — | — | |
| Q3 2009 | -2.3% | — | — | |
| Q3 2008 | -2.3% | — | — | |
| Q2 2009 | +0.5% | — | — | |
| Q2 2008 | +0.5% | — | — | |
| Q4 2008 | +0.5% | — | — |
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