Why Is Allstate (ALL) Up 0.3% Since Last Earnings Report?

Core Viewpoint - Allstate's second-quarter earnings exceeded expectations, driven by strong premium growth and improved investment income, although total revenues slightly missed consensus estimates [2][3]. Financial Performance - Adjusted net income for Q2 2025 was $5.94 per share, surpassing the Zacks Consensus Estimate by 78.9%, and significantly up from $1.61 a year ago [2]. - Operating revenues increased by 6.1% year over year to $16.8 billion, but fell short of the consensus mark by 2.9% [2]. - Property and casualty insurance premiums rose 7.8% year over year to $15 billion [4]. - Net investment income was $754 million, a 5.9% increase year over year, but missed the Zacks Consensus Estimate of $815.4 million [4]. - Total costs and expenses decreased by 3% year over year to $14.8 billion, lower than the estimated $16.2 billion [5]. Segment Performance - The Property-Liability segment's premiums earned increased by 7.5% year over year to $14.3 billion, although it fell short of the Zacks Consensus Estimate by 1.4% [7]. - The Protection Services segment reported revenues of $867 million, a 12.2% year-over-year increase [8]. - The Allstate Health and Benefits segment saw a 50.4% decline in premium and contract charges to $235 million due to the sale of the Employer Voluntary Benefits unit [8]. Financial Position - As of June 30, 2025, Allstate had a cash balance of $995 million, up from $704 million at the end of 2024 [9]. - Total assets increased to $115.9 billion from $111.6 billion at the end of 2024 [9]. - Total equity rose to $24 billion from $21.4 billion at the end of 2024, with a book value per common share of $82.40, reflecting a 32.6% year-over-year increase [9]. Market Outlook - Estimates for Allstate have trended upward, with a consensus estimate shift of 7.33% in the past month [10]. - The stock has a Zacks Rank 3 (Hold), indicating an expectation of in-line returns in the coming months [12]. - Allstate's overall VGM Score is A, indicating strong performance across growth, momentum, and value metrics [11].