Allstate's catastrophe losses fell 43% in the first quarter of 2026 to roughly $1.2 billion, and April and May losses also came in below last year's levels. The lower claims helped push the combined ratio down to 80.3% from 83.1% a year earlier, while policies in force grew 2.3% in the first quarter and 2.4% in May. Adjusted earnings per share surged to $10.65 in the first quarter from $3.53 in the prior-year period. With catastrophe losses remaining subdued through May, the company is poised for another strong quarter when it reports second-quarter results.
The Allstate CorporationCatastrophe losses fell sharply, boosting earnings and combined ratio.