Allstate Corp. second quarter 2025 web revenue relevant to frequent shareholders was about $2.1 billion, far exceeding the $301 million booked for a similar quarter a 12 months in the past.
The end result this 12 months displays an after tax acquire of $643 million from Allstate’s sale of its employer voluntary advantages enterprise to StanCorp Monetary Group in a $2 billion money deal introduced a couple of 12 months in the past.
Allstate absorbed about $2 billion in disaster losses in Q2 in comparison with about $2.1 billion a 12 months in the past throughout the identical time.
The Northbrook, Illinois-based insurer recorded a 10-point enchancment in its property-liability Q2 mixed ratio to 91.1. Property-liability underwriting revenue was about $1.3 billion in comparison with a lack of $145 million a 12 months in the past. Web written premiums in property-liability went up 5.4% to about $15 billion, drive by greater common premiums, the insurer mentioned.
Allstate’s auto phase turned in underwriting revenue of about $1.3 billion in comparison with $370 million for Q2 2024. The mixed ratio right here was 86—a couple of 10-point optimistic swing from final 12 months. The ratio was favorably impacted by $415 million in favorable reserve developments.
Allstate mentioned its auto coverage depend continues to develop because of expanded distribution, elevated advertising and marketing, new merchandise, and ranking plans. New-business outcomes have been impacted by actions taken in New York and New Jersey, the place Allstate has pending fee requests that might open these markets, it mentioned.
The householders strains paid out about $1.6 billion in disaster losses throughout the quarter, which was about the identical quantity as final 12 months. The Q2 mixed ratio for the enterprise improved to 102 from 111.5 for Q2 2024, and the underlying mixed ratio improved almost 5 factors to 58.6.
Web written premiums in householders elevated 14.3% to about $4.4 billion additionally as a consequence of greater common premium.
For the primary half, Allstate’s web revenue elevated 77.5% to about $2.6 billion regardless of Q1 2025 web revenue dropping greater than 52% to $566 million as a consequence of document disaster losses primarily from the California wildfires.
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