Allstate Q3 2026 Earnings Call Transcript - Allstate (NYSE:ALL)

Allstate (NYSE:ALL) reported strong third-quarter 2026 results, including a 3.3% increase in property-liability policy growth and adjusted net income of $2.5 billion. The company said its Transformative Growth strategy is progressing, with new products launched in multiple states and a significant rise in new business items. Investment income climbed 24%, supporting a 39.7% adjusted return on equity. Despite higher catastrophe losses, Allstate’s property-liability combined ratio was 86.6. Management also highlighted use of AI via its Large Language Intelligent Ecosystem (ALI) and plans to launch its Personal Agentic Assistant (PAA) in early 2027 to improve customer interactions and streamline processes. Operationally, auto insurance new business rose 59%, and Protection Services policies in force increased 4%.