Aallstate(US:ALL)2026-02-04 21:17Financial Performance - Total revenues for Q4 2025 were $17.3 billion, an increase of $839 million or 5.1% compared to Q4 2024[4] - Net income applicable to common shareholders for Q4 2025 was $3.8 billion, a 100.3% increase from $1.9 billion in the prior year quarter[4] - Adjusted net income for the full year 2025 was $9.3 billion, generating an adjusted net income return on equity of 38.3%[4] - Total revenues for Q4 2025 reached $17,345 million, an increase of 5% from $16,506 million in Q4 2024[27] - Net income applicable to common shareholders for Q4 2025 was $3,803 million, compared to $1,899 million in Q4 2024, representing a 100.5% increase[27] - Adjusted net income for Q4 2025 was $3,788 million, up from $2,062 million in Q4 2024, reflecting an 83.5% increase[31] - Earnings per common share (diluted) for Q4 2025 was $14.37, significantly higher than $7.07 in Q4 2024[31] Insurance Premiums and Policies - Total policies in force increased to 210.9 million, up 3.0% from the prior year, driven by broad distribution and affordable products[4] - Property and casualty insurance premiums increased to $15,511 million in Q4 2025, up 6.3% from $14,591 million in Q4 2024[27] - Homeowners insurance premiums written increased by 13.4% in Q4 2025, reflecting higher average premiums and policy growth[10] Investment Income - Net investment income for Allstate Investments was $892 million, an increase of $59 million or 7.1% year-over-year, primarily due to market-based portfolio growth[16] - Market-based investment income was $804 million, a 10.6% increase from the prior year quarter, reflecting growth in asset balances to $73.4 billion[20] - Net investment income for Q4 2025 was $892 million, an increase from $833 million in Q4 2024[27] Combined Ratios and Underwriting Performance - The recorded combined ratio for Property-Liability was 72.9 in Q4 2025, improving by 14.0 points from the prior year quarter[6] - The underlying combined ratio for Property-Liability improved to 76.6% in Q4 2025 from 83.0% in Q4 2024, indicating a positive trend in underwriting performance[36] - The combined ratio for Allstate Protection - Auto Insurance decreased to 80.8% in Q4 2025 from 93.5% in Q4 2024, reflecting improved operational efficiency[38] - The combined ratio for Allstate Protection - Homeowners Insurance significantly improved to 55.3% in Q4 2025 from 69.8% in Q4 2024, driven by lower catastrophe losses[39] - The combined ratio for Property-Liability for the twelve months ended December 31, 2025, was 85.2%, a significant improvement from 94.3% in 2024[38] Shareholder Returns - The common dividend will increase to $1.08 per share, with a $4.0 billion share repurchase program to be initiated[2] - Over $2.2 billion was returned to shareholders in 2025 through share repurchases and dividends, with the common shareholder dividend set to increase to $1.08[18] Total Assets and Equity - Total estimated statutory surplus increased to $23.0 billion, with $7.5 billion in assets at the holding company[18] - Total assets rose to $119.758 billion, up from $111.617 billion in the previous year[25] - Total Allstate shareholders' equity increased to $30.610 billion, compared to $21.442 billion in the prior year[25] Catastrophe Losses - Catastrophe losses for homeowners insurance decreased to $170 million in Q4 2025, down $145 million from the prior year quarter[14] - Catastrophe losses for Property-Liability decreased to (1.4%) in Q4 2025 compared to (2.9%) in Q4 2024, contributing to the improved combined ratio[38] - The effect of catastrophe losses for Allstate Protection - Homeowners Insurance decreased to (4.2%) in Q4 2025 from (8.9%) in Q4 2024, positively impacting the overall performance[39]