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Allstate (ALL) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Allstate (ALL) Q3 2026 earnings results →

Q3 2026 Revenue up 0% year over year to $17.3B · 12¢ of every $1 of revenue kept as net profit · operating margin 15.1%

Allstate made $17.3B in Q3 2026 (+0.5% Y/Y). Operating margin 15.1%, net earnings $2.1B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$17.3B
Year over year+0.5%
Operating margin15.1%
Net earnings$2.1B
Operating cash flow$3.8B

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Allstate Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Allstate Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $17.3B in Q3 2026, up 1% year over year and down 7% from the previous quarter.

Operating profit was $2.6B, a 15.1% margin (down 8.7 points year over year). Operating profit fell $1.5B even though revenue rose $0.09B versus Q3 2025, so costs grew faster than sales. Total costs grew 12% against revenue growth of 1%. Net earnings were $2.1B, down 45% year over year. The effective tax rate was 20.5%.

Operating cash flow was $3.8B (up 15% year over year), 182% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization. Working capital and other items added $1.6B. Capital expenditures of $0.06B left free cash flow of $3.7B.

Quarterly history

Allstate revenue by quarterAllstate revenue by quarter$16.5BQ1 2025$16.6BQ2 2025$17.3BQ3 2025$17.3BQ4 2025$16.9BQ1 2026$18.6BQ2 2026$17.3BQ3 2026
Allstate net earnings by quarterAllstate net earnings by quarter$595MQ1 2025$2.1BQ2 2025$3.7BQ3 2025$3.8BQ4 2025$2.5BQ1 2026$3.3BQ2 2026$2.1BQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$17.3B+0.5%15.1%$2.1B$3.8B
Q2 202610-QAug 5, 2026$18.6B+12%22.3%$3.3B$2.6B
Q1 202610-QApr 29, 2026$16.9B+3%18.3%$2.5B$3.6B
Q4 202510-KFeb 20, 2026$17.3B+5%28.4%$3.8B$3.0B
Q3 202510-QNov 5, 2025$17.3B+4%23.8%$3.7B$3.3B
Q2 202510-QJul 30, 2025$16.6B+6%10.9%$2.1B$1.9B
Q1 202510-QApr 30, 2025$16.5B+8%4.4%$595M$2.0B

Charts

Allstate: revenue growth, year over year and quarter over quarterAllstate: revenue growth, year over year and quarter over quarterY/YQ/Q+8%Q1 2025+6%+1%Q2 2025+4%+4%Q3 2025+5%+1%Q4 2025+3%-2%Q1 2026+12%+10%Q2 2026+0%-7%Q3 2026
Latest (Q3 2026): Y/Y +0%, Q/Q -7%.
Allstate: where the cash came from (+) and went (−), TTM to Q3 2026Allstate: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$13.0BOther investing−$8.1BBuybacks−$3.3BDividends−$1.1BOther financing−$642MCash drawn (+) / kept (−)$382MCapital spending−$234M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Allstate: profit against cash, quarter by quarterAllstate: profit against cash, quarter by quarterNet incomeOperating cash flow$1.9B$1.7BQ4 2024$596M$2.0BQ1 2025$2.1B$1.9BQ2 2025$3.7B$3.3BQ3 2025$3.8B$3.0BQ4 2025$2.5B$3.6BQ1 2026$3.3B$2.6BQ2 2026$2.1B$3.8BQ3 2026
Latest (Q3 2026): Net income $2.1B, Operating cash flow $3.8B.
Allstate: diluted shares by fiscal yearAllstate: diluted shares by fiscal year316MFY2020299MFY2021271MFY2022262MFY2023268MFY2024267MFY2025
-15.3% since FY2020: buybacks shrank the count.
Allstate: long-term debt falling due (FY2025)Allstate: long-term debt falling due (FY2025)$550M2026$500M2029$600M2030$5.9BLater
Cash $678M, short-term investments $4.9B, long-term debt $7.5B at 2025-12-31.
Allstate in its industry: growth against margin (56 companies, SIC 6331)Allstate in its industry: growth against margin (56 companies, SIC 6331)revenue growth, year over year →↑ operating marginmedian +2%median 14%BRK-BPGRCBTRVAIGHIGLACGLMKLCNAWRBEGCINFAFGEverest Reinsurance Holdings IncAXSTHGRNRMCYSIGIKMPRSPNTHGWTMTIPTRLISKWDKNSLUVEHMNUFCSPLMRROOTSLDELMNDSAFTHCIDGICAHRTGEIGBOWJRVRHIPOGLREASICAIIGBLIAMSFACICNODKKINSKWYPRHIKGOXBRALL (+0%, 15%)
Fire, Marine & Casualty Insurance; dot size is quarterly revenue; dashed lines are the industry's medians.

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🔄Rotation against the market and its industry (RRG)interactive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Allstate

The Allstate Corporation was incorporated under the laws of the State of Delaware on November 5, 1992, to serve as the holding company for Allstate Insurance Company. Its business is conducted principally through Allstate Insurance Company and other subsidiaries (collectively, including The Allstate Corporation, “Allstate”). The Allstate Corporation is one of the largest publicly held personal lines insurers in the United States. Allstate’s strategy is to increase market share in personal property-liability and broaden protection offerings. The Allstate brand is widely known through the “You’re In Good Hands With Allstate ® ” slogan.

In its own words, from its 10-K, filed Feb 24, 2025.

Allstate against its Fire, Marine & Casualty Insurance peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.5% against the peers' median +2%. Operating margin: 15.1% against the peers' median 15.5%.

CompanyQuarterRevenueY/YOp. margin
ALL AllstateQ3 2026$17.3B+0.5%15.1%
BRK-B Berkshire HathawayQ2 2026$101.8B+10%15.5%
PGR ProgressiveQ3 2026$23.2B+3%14.0%
CB ChubbQ3 2026$16.2B+0.3%21.0%
TRV Travelers CompaniesQ3 2026$12.4B-0.5%19.1%
AIG American International GroupQ3 2026$7.4B+17%15.0%
HIG Hartford Insurance GroupQ3 2026$7.2B+4%21.9%
L LoewsQ3 2026$4.8B+2%8.5%
ACGL Arch Capital GroupQ3 2026$4.7B-9%25.5%

Source: Allstate 10-Q on SEC EDGAR · CIK 899051 · Fire, Marine & Casualty Insurance

Guidance and outlook

Allstate: what its forward-looking statements are about (10-Q filed 2026-11-04)Allstate: what its forward-looking statements are about (10-Q filed 2026-11-04)Other2Costs1Legal & regulation1
4 statements; tone +0.50 (−1 all cautious, +1 all confident); 0 hedged.
Allstate: outlook statements against the filing beforeAllstate: outlook statements against the filing beforeUpdated1Confident2

13F: who owns ALL and who is buying

Largest holders of ALL (13F)Largest holders of ALL (13F)Vanguard Group$6.9BBlackRock$5.4BVanguard Capital Management LLC$4.0BVanguard Portfolio Management LLC$3.2BState Street$3.0BFranklin Resources$2.1BGeode Capital Management, LLC$2.0BPrice T Rowe Associates$1.9BBank of America$1.4BGQG Partners LLC$1.2B
Funds' net buying of ALL by quarter (13F)Funds' net buying of ALL by quarter (13F)$479M2024-09$150M2024-12$404M2025-03$129M2025-06−$1.1B2025-09$817M2025-12$534M2026-03−$86.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ALL

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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