Allstate Q1 profit doubles on lower catastrophe losses.

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  "company": {
    "name": "Allstate",
    "domain": "allstate.com"
  },
  "data": {
    "url": "https://www.lifeinsuranceinternational.com/news/allstate-q1-2026-profit",
    "title": "Allstate Q1 profit doubles on lower catastrophe losses.",
    "amount": "$2.4bn",
    "excerpt": "Allstate Q1 profit doubles on lower catastrophe losses.\n\nThe US-based insurer's property-liability underwriting income increased to $2.7bn from $360m.\n\nAllstate posted net income attributable to common shareholders of $2.4bn in the first quarter of 2026 (Q1 2026), up from $566m in the same quarter a year earlier, as underwriting performance improved.\n\nAdjusted net income came to $2.8bn, or $10.65 a diluted share, versus $949m a year earlier.\n\nThe US-based insurer's Q1 revenue totalled $16.9bn, an increase of $489m, or 3%, from the prior-year period.\n\nCatastrophe losses were $1bn in the quarter, down $778m from a year earlier. Total costs and expenses fell to $13.8bn from $15.7bn.\n\nProperty-liability earned premiums reached $14.8bn, rising 5.5% from Q1 2025, mainly due to higher average homeowners' insurance premiums and growth in policies in force.\n\nUnderwriting income increased to $2.7bn from $360m, while property-liability catastrophe losses decreased by 43.7% to $1.2bn from $2.2bn.\n\nThe company said its auto insurance business showed results from \"Transformative Growth execution, with strong margins and new business growth across all distribution channels\".\n\nWritten premiums were unchanged from a year earlier, as an increase in policies in force was balanced by lower average premiums. Earned premiums rose by 2.1% year on year.\n\nAllstate homeowners insurance delivered...",
    "summary": "Allstate Insurance Company has earnings of $2.4B.",
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    "found_at": "2026-04-30T08:10:13Z",
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    "image_url": "https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2026/04/allstate-shutterstock_2576402101.jpg",
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    "published_at": "2026-04-30T08:10:13Z",
    "article_sentence": "Allstate posted net income attributable to common shareholders of $2.4bn in the first quarter of 2026 (Q1 2026), up from $566m in the same quarter a year earlier, as underwriting performance improved.",
    "amount_normalized": 2400000000
  }
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