Allstate Downgraded to ‘In Line’ by Evercore ISI Despite Strong Q2 Performance and Customer Growth

Core Insights - Allstate Corporation is considered one of the most undervalued stocks to buy and hold for five years, despite being downgraded by Evercore ISI to 'In Line' with a price target increase to $233 from $230 [1][3] Financial Performance - For Q2 2025, Allstate reported revenue of $16.6 billion, reflecting a year-over-year increase of 5.8% [1] - Net income for the quarter reached $2.1 billion, with adjusted net income at $1.6 billion [2] - The Property-Liability segment generated approximately $1.3 billion in underwriting income, achieving a combined ratio of 91.1%, which is a 10-point improvement from the previous year [2] Customer Growth - Allstate's customer base grew, with total policies in force increasing by 4.2% to 208 million [2] - The Protection Services segment, which includes Allstate Protection Plans, reported revenues of $867 million for the quarter, with a 16.6% increase over the prior year [3]