Allstate reported estimated catastrophe losses of US$1.72 billion for the second quarter of 2026, with an after-tax impact of US$1.36 billion, while its board maintained the quarterly dividend at US$1.08 per share. The June catastrophe losses alone were estimated at US$563 million, with an after-tax hit of US$445 million. The dividend decision underscores the company's ongoing capital return commitment even as elevated catastrophe costs test the resilience of its property and casualty franchise. The company's investment narrative projects US$77.0 billion in revenue and US$5.0 billion in earnings by 2029, implying 4.2% annual revenue growth and a US$7.0 billion earnings decline from US$12.0 billion today, with a fair value estimate of US$241.86 per share representing a 3% downside to the current price.
The Allstate CorporationReported $1.72 billion in Q2 catastrophe losses, significantly impacting earnings.