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Allstate (ALL) Q1 FY2026 earnings: revenue $16.9 billion, up 3.0% on the year

Allstate Corp. (ALL) reported revenue of $16.9 billion for Q1 FY2026, the quarter ended 31 March 2026, up 3.0% on the same quarter a year earlier. Net income was $2.5 billion, up 312.9% on the year, and diluted earnings per share $9.25. The figures are the company's own, from the 10-Q it filed with the SEC on 29 April 2026.

Revenue
$16.9 billion
+3.0% on the year · -2.3% on the quarter
Q2 FY2024Q1 FY2026
Operating margin
18.3%
4.4% a year earlier
Q2 FY2024Q1 FY2026
Net income
$2.5 billion
+312.9% on the year · -35.4% on the quarter
Q2 FY2024Q1 FY2026
Diluted EPS
$9.25
+338.4% on the year · -35.6% on the quarter
Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

  • Revenue grew 3.0%: Total revenues were $16.9 billion, up $489 million. Property-Liability earned premiums grew 5.5% to $14.8 billion.
  • Adjusted earnings reached $10.65 per share: Adjusted net income was $2.8 billion, against $949 million a year earlier. GAAP diluted EPS was $9.25, against $2.11.
  • Underwriting income rose to $2.7 billion: Property-Liability underwriting income was $2.7 billion, against $360 million. Net income applicable to common shareholders was $2.4 billion, against $566 million.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ1 FY2026Q4 FY2025Q1 FY2025On the quarterOn the yearLast 8 quarters
Revenue16,94117,34516,452-2.3%+3.0%
Operating income3,1084,922719-36.9%+332.3%
Operating margin18.3%28.4%4.4%
Income tax6501,088123-40.3%+428.5%
Net income2,4573,803595-35.4%+312.9%
Net margin14.5%21.9%3.6%
Diluted EPS$9.25$14.37$2.11-35.6%+338.4%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ1 FY2026Q4 FY2025Q1 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow3,5622,9891,964+19.2%+81.4%
Capital expenditure40.089.092.0-55.1%-56.5%
Free cash flow3,5222,9001,872+21.4%+88.1%
Free cash flow margin20.8%16.7%11.4%
Cash from investing-2,627-1,949-1,293
Cash from financing-916-1,293-334
Depreciation and amortisation101108132-6.5%-23.5%
Buybacks61443499.0+41.5%+520.2%
Dividends paid261263244-0.8%+7.0%
Dividend per share$1.08n/a$1.00+8.0%
Diluted shares, weighted263mn/a269m-2.3%
Shares outstanding at period end258m260m265m-0.8%-2.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ1 FY2026Q4 FY2025Q1 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity31,60730,61022,055+3.3%+43.3%
Non-controlling interest-20.0-21.0-3.0
Debt7,4917,4908,086+0.0%-7.4%
Other liabilities84,89481,67985,023+3.9%-0.2%
Total liabilities and equity123,972119,758115,161+3.5%+7.7%
Fixed assets606627632-3.3%-4.1%
Goodwill3,1183,1183,1150.0%+0.1%
Intangible assetsn/a558n/a
Investments4,7054,8876,541-3.7%-28.1%
Cash and equivalents697678840+2.8%-17.0%
Other assets114,846109,890104,033+4.5%+10.4%
Total assets123,972119,758115,161+3.5%+7.7%

Questions

What was Allstate's revenue in Q1 FY2026?

Allstate (ALL) reported revenue of $16.9 billion for Q1 FY2026, the quarter ended 31 March 2026, up 3.0% on the same quarter a year earlier.

How much did Allstate earn in Q1 FY2026?

Net income for Q1 FY2026 was $2.5 billion, up 312.9% on the year, and diluted earnings per share $9.25.

When did Allstate report Q1 FY2026 results?

Allstate filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 29 April 2026.

Quarterly results, the last 20 quarters

Q4 FY2021Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026
Revenue13,01112,33712,22013,20813,64713,78613,97914,49714,83215,25915,71416,62716,50616,45216,63317,25517,34516,94118,59617,348
Operating income1,393797-1,315-920-420-406-1,748-21.01,8271,4644301,4182,4497191,8134,0994,9223,1084,1422,617
Operating margin11%6%-11%-7%-3%-3%-13%-0%12%10%3%9%15%4%11%24%28%18%22%15%
Interest expense84.083.083.085.084.086.098.088.010797.0n/an/an/an/an/an/an/an/an/an/a
Net income817660-1,015-659-303-320-1,352-5.01,4601,2183311,1901,9285952,1093,7463,8032,4573,2712,079
Net margin6%5%-8%-5%-2%-2%-10%-0%10%8%2%7%12%4%13%22%22%15%18%12%
Diluted EPS$2.73$2.25-$3.81-$2.55-$1.17-$1.31-$5.29-$0.16$5.52$4.46$1.13$4.33$7.07$2.11$7.76$13.95$14.37$9.25$12.51$8.03
Operating cash flow8714321,6732,0469706011,1691,2331,2251,6662,3593,2011,7051,9641,8733,2842,9893,5622,6343,783
Capital expenditure59.013098.012468.079.062.055.071.041.056.063.050.092.0n/a48.089.040.043.062.0
Free cash flow8123021,5751,9229025221,1071,1781,1541,6252,3033,1381,6551,872n/a3,2362,9003,5222,5913,721
Buybacks86380268366537015315428.00.00.00.00.02.099.03403604346141,0511,239
Dividends paid235230236232228224235233233233243243243244265264263261280275
Shares outstanding281m276m271m266m263m263m262m262m262m264m264m265m265m265m264m262m260m258m254m249m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreA quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 29 April 2026: the filing.