Allstate Q2 Earnings Surge While Homeowners Face Ongoing Premium Pressure
Allstate reported $3.2 billion in net income for the second quarter and improved profitability, with the combined ratio falling to 94.6 and underwriting income rising to $226 million after a loss. Catastrophe losses declined to $1.4 billion. Revenues rose with more policies and higher homeowners rates and replacement costs, and national projections show no premium relief in 2026.