Allstate Q1 net income down 52% to $566M on record $3.3B catastrophe losses; revenue up 7.8%

ALLSTATE CORP

2025-Q1 EPS reported $2.11 revenue$16,452,000,000

Net income $566M ($2.11/sh) vs $1.189B ($4.46/sh) YoY; adjusted net income $949M ($3.53/sh) down 30.6%.
Revenue $16.5B (+7.8%); Property-Liability earned premiums $14.0B (+8.7%).
Record gross catastrophe losses $3.3B; net $2.2B after $1.1B reinsurance recoveries; combined ratio 97.4 vs 93.0.
Auto underwriting income $816M (combined ratio 91.3, -4.7 pts); homeowners underwriting loss $451M (combined ratio 112.3).
Dividend raised to $1.00/share from $0.92; $1.5B share repurchase program; sale of Employer Voluntary Benefits closed for $2.0B.

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