Here's What Key Metrics Tell Us About Allstate (ALL) Q4 Earnings

Core Insights - Allstate reported $17.27 billion in revenue for Q4 2025, a 3.4% year-over-year increase, with an EPS of $14.31 compared to $7.67 a year ago, indicating strong earnings growth despite missing revenue estimates by 1.43% [1] Financial Performance - The company delivered an EPS surprise of +45.77%, significantly exceeding the consensus estimate of $9.82 [1] - Allstate's shares have returned -3% over the past month, underperforming the Zacks S&P 500 composite, which increased by +0.9% [3] Key Metrics - Auto Insurance Loss Ratio: 58.9%, better than the average estimate of 67.6% [4] - Auto Insurance Expense Ratio: 21.9%, compared to the average estimate of 22.4% [4] - Homeowners Insurance Loss Ratio: 33.2%, significantly lower than the average estimate of 42.2% [4] - Auto Insurance Combined Ratio: 80.8%, outperforming the average estimate of 90.1% [4] - Property-Liability Net Premiums Earned: $14.78 billion, slightly below the average estimate of $14.92 billion, but a +6.1% year-over-year increase [4] - Underwriting Income for Property-Liability: $4.01 billion, exceeding the average estimate of $2.42 billion [4] - Property-Liability Net Investment Income: $814 million, above the average estimate of $786.45 million, reflecting a +7.5% year-over-year increase [4] - Other Revenue in Property-Liability: $541 million, surpassing the average estimate of $513.77 million, with a +9.7% year-over-year change [4] - Corporate and Other Net Investment Income: $52 million, significantly higher than the average estimate of $37.85 million, showing a +116.7% year-over-year increase [4] - Underwriting Income for Homeowners: $1.81 billion, exceeding the average estimate of $1.47 billion, with a +69.4% year-over-year change [4] - Property and Casualty Insurance Premiums Revenue: $15.51 billion, slightly below the average estimate of $15.64 billion, but a +6.3% year-over-year increase [4] - Underwriting Income for Auto: $1.85 billion, significantly higher than the average estimate of $969.33 million, reflecting a +207% year-over-year increase [4]