Allstate Corporation's shares have gained 23.6% year to date, outperforming the industry's 2.4% increase and the S&P 500's 11.7% rise, driven by improving underwriting profitability, rising investment income, and solid policy growth. The company reported policies in force of roughly 216 million in the second quarter, with auto and homeowners policies increasing and issued applications up 9.9%. Net investment income surged 33.8% in the second quarter to $1 billion, and Allstate repurchased $1 billion of stock during the quarter while paying $280 million in dividends. The Zacks Consensus Estimate for 2026 adjusted earnings is $34.45 per share, with 12 upward revisions in the past month, and the company has beaten earnings estimates for four consecutive quarters with an average surprise of 45.3%. Allstate trades at a forward earnings multiple of 8.73X, below its five-year median of 10.90X and the industry average of 26.85X, and holds a Zacks Rank #1 (Strong Buy).
The Allstate CorporationStrong earnings, rising investment income, and stock buybacks drive positive outlook.
Assurant, Inc.
CNO Financial Group Inc
Horace Mann Educators Corporation