The Allstate Corporation, together with its subsidiaries, provides property and casualty and other insurance products in the United States and Canada. It operates in four segments: Allstate Protection; Run-off Property-Liability; Protection Services; and Corporate and Other. The company offers private passenger auto, homeowners, other personal lines, and commercial insurance through exclusive agents, independent agents, contact centers, and online under the Allstate, National General, Direct Auto, and Answer Financial brands. It also provides consumer product protection plans, device and mobile data collection services, analytic solutions using automotive telematics information, roadside assistance, and identity protection and restoration products. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.
Allstate's Catastrophe Losses Fall, but Oklahoma Lawsuit Adds Regulatory Risk
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Catastrophe losses drop sharply, boosting earnings Allstate's catastrophe losses fell 43% in Q1 2026 and stayed below last year's levels in April and May. This pushed the combined ratio down to 80.3% from 83.1%, and adjusted EPS jumped to $10.65 from $3.53. Lower disaster payouts mean more profit, which supports a higher stock price.
This is the main positive force: lower catastrophe losses directly lift earnings and the stock.
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Oklahoma sues Allstate over claims handling Oklahoma's attorney general sued Allstate, alleging it underpaid wind and hail damage claims through a 'Disaster Payment Minimization Scheme.' The lawsuit could lead to penalties, legal costs, and reputational damage. This creates uncertainty and potential financial hit, weighing on the stock.
This is a new negative event that could hurt Allstate's finances and reputation, pushing the stock down.
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Premium growth from rate increases and acquisitions Allstate is growing premiums through implemented rate increases and past acquisitions. Q1 2026 revenue was $16.9 billion with net income of $2.5 billion. Higher premiums mean more revenue and earnings, which supports the stock price.
This shows a steady positive driver: pricing power and acquisitions are boosting revenue and earnings.
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Potential Fed rate hikes could boost investment income With a 63% chance of a Fed rate hike in September, insurers like Allstate can reinvest premiums into higher-yielding bonds. This would increase investment income, adding to profits and supporting the stock price.
This is a new macro factor that could positively impact Allstate's investment income and stock.
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Allstate's Q2 Beat and Buybacks Offset Catastrophe Losses and Data Breach
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Q2 earnings blow past estimates Allstate's Q2 adjusted EPS of $8.99 beat the $5.76–$6.07 consensus by over 50%, with revenue up 4.6–11.8% to $17.54 billion. Underwriting income more than doubled to $2.01 billion and the combined ratio improved to 86.6%. This shows the core insurance business is far more profitable than expected, which supports a higher stock price.
The earnings beat is the main new positive force for ALL this period.
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Investment income jumps and buybacks continue Net investment income rose 33.8% to $1 billion, beating estimates, and Allstate returned $1.3 billion to shareholders via buybacks and dividends under its $4 billion repurchase plan. More investment income and fewer shares outstanding lift earnings per share and put a floor under the stock.
This explains a key profit driver and capital return that supports the share price.
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Heavy catastrophe losses still weigh Allstate reported $1.72 billion in Q2 catastrophe losses (after-tax $1.36 billion), though this was down 12.8% from a year ago. These losses eat into earnings and keep the stock trading at a deep discount to peers, as investors worry about future weather-related payouts.
Catastrophe losses are a major recurring risk that pressures ALL's valuation.
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Data breach investigation adds legal risk A ransomware group claims access to 657,000 Allstate records, and law firm Edelson Lechtzin is investigating a potential class action. This creates uncertainty over legal costs, fines, and reputational damage, which can weigh on the stock until the scope and financial impact are clear.
The data breach is a new regulatory and legal overhang for ALL.
Q3 2026
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Allstate's Q2 Beat and Buybacks Offset Catastrophe Losses and Data Breach
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Q2 earnings blow past estimates Allstate's Q2 adjusted EPS of $8.99 beat the $5.76–$6.07 consensus by over 50%, with revenue up 4.6–11.8% to $17.54 billion. Underwriting income more than doubled to $2.01 billion and the combined ratio improved to 86.6%. This shows the core insurance business is far more profitable than expected, which supports a higher stock price.
The earnings beat is the main new positive force for ALL this period.
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Investment income jumps and buybacks continue Net investment income rose 33.8% to $1 billion, beating estimates, and Allstate returned $1.3 billion to shareholders via buybacks and dividends under its $4 billion repurchase plan. More investment income and fewer shares outstanding lift earnings per share and put a floor under the stock.
This explains a key profit driver and capital return that supports the share price.
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Heavy catastrophe losses still weigh Allstate reported $1.72 billion in Q2 catastrophe losses (after-tax $1.36 billion), though this was down 12.8% from a year ago. These losses eat into earnings and keep the stock trading at a deep discount to peers, as investors worry about future weather-related payouts.
Catastrophe losses are a major recurring risk that pressures ALL's valuation.
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Data breach investigation adds legal risk A ransomware group claims access to 657,000 Allstate records, and law firm Edelson Lechtzin is investigating a potential class action. This creates uncertainty over legal costs, fines, and reputational damage, which can weigh on the stock until the scope and financial impact are clear.
The data breach is a new regulatory and legal overhang for ALL.
News & notes movingALL
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Artificial Intelligence▲
Insurers Rise After Insurify Blocks Meta's Muse From Its Marketplace
Insurance stocks that had been hurt by the early popularity of Meta's Muse turned higher after online insurance marketplace Insurify blocked the personal AI agent from accessing its comparison shopping platforms. Allstate was trading 0.53% higher at $230.71 during afternoon trading on Wednesday, while Progressive rose 0.80% to $208.60, Travelers gained 1.37% to $366.97, Hanover Insurance added 1.37% to $221.40, and Chubb was up 0.51% to $337.48. Insurify said it blocked Muse to protect both consumers and its carrier partners, arguing that automated scraping by AI agents risks stripping carrier quotes of critical contextual information such as coverage limits, deductibles, discounts, eligibility conditions, and state-required disclosures, presenting them instead as a bare price list. The marketplace added that bulk quoting by automated agents may raise costs for carriers, since each quote request can trigger paid data checks whether or not a real shopper is behind it. "A quote without its context is not a fair comparison. It is a number," said Insurify Co-CEO Giorgos Zacharia, adding that the company supports AI agents that improve insurance shopping but that they must preserve the information and consumer control needed for an informed decision.
Artificial Intelligence › Agentic AI & Autonomous Workflows ▼Competition
ALL · Competition · Positive Allstate rose as Insurify blocked Meta's Muse AI agent, easing the competitive threat to insurers' comparison-shopping channel.
CB · Competition · Positive Chubb gained after Insurify blocked Meta's Muse, reducing the AI-agent threat to carrier quote distribution.
PGR · Competition · Positive Progressive rose as Insurify's block of Meta's Muse curbs a rival automated quoting channel.
THG · Competition · Positive Hanover Insurance climbed after Insurify blocked Meta's Muse from its marketplace, easing competitive pressure.
TRV · Competition · Positive Travelers gained as Insurify blocked Meta's Muse, protecting carriers' contextual quote data from AI scraping.
Allstate, Progressive, Primerica, Trupanion Fall on Severe-Weather Earnings Risk
Allstate, Progressive, Primerica, and Trupanion shares fell as investors continued to mark down the group on earnings risk from an active severe-weather season. The latest hard number came last week, when Allstate said in its August monthly release that estimated pre-tax catastrophe losses were $748 million, driven by 21 weather events, with roughly half tied to a single wind and hail storm. Combined July and August catastrophe losses reached $1.43 billion pre-tax, the company said. Allstate fell 5.7%, Trupanion fell 5%, Primerica fell 2.8%, and Progressive fell 2.6%. Allstate is up 12.5% since the beginning of the year, but at $229.33 per share it is still trading 16.6% below its 52-week high of $275.11.
ALL · Supply · Negative Allstate reported $748M in August pre-tax catastrophe losses from 21 weather events, with July-August losses reaching $1.43B, driving earnings risk.
PGR · Supply · Negative Progressive fell as part of the group marked down on earnings risk from an active severe-weather season, though no company-specific loss figure was given.
PRI · Supply · Negative Primerica fell amid the group's severe-weather earnings-risk selloff, with no company-specific catastrophe figure cited.
TRUP · Supply · Negative Trupanion fell as part of the group pressured by earnings risk from an active severe-weather season, without a company-specific loss figure.
Meta's Muse AI Agent Sparks Selloff in Banks, Insurers and Travel Stocks
Shares of major banks, insurers and online travel agencies slid on Tuesday as investors feared that tools like Meta Platforms Inc.'s personal AI agent could disrupt businesses that benefit from so-called consumer inertia. The S&P 500 Financials Index dropped as much as 2.4% to its lowest levels since July, with JPMorgan Chase & Co., Morgan Stanley and Wells Fargo & Co. all declining more than 2.5%, while insurer Allstate Corp. and brokerage Charles Schwab Corp. fell more than 5%. Travel booking companies were also hit, with Expedia Group Inc. down 3.7% and Booking Holdings Inc. falling 3.9%, and in Europe telecommunications was the worst performing sector in the benchmark Stoxx 600 as France's Orange SA and British carrier BT Group Plc each dropped about 4%. The downturn came as Muse, Meta's new AI agent, rose to the top of Apple Inc.'s US app store, sending Meta shares up 11% on Monday. Goldman Sachs Group Inc.'s trading desk said telecoms, insurance and utilities are the industries to watch if AI agents make it easier and cheaper to switch service providers, naming AT&T Inc., T-Mobile US Inc., Allstate, Progressive Corp., Netflix Inc., Paramount Skydance Corp., Expedia and Booking among its basket of consumer inertia stocks at risk.
Artificial Intelligence › Agentic AI & Autonomous Workflows ▲Demand
META · Technology · Positive Meta's new Muse AI agent rose to the top of Apple's US app store, sending Meta shares up 11%.
ALL · Competition · Negative Named in Goldman's basket of consumer-inertia stocks at risk as Meta's Muse AI agent could make it easier for customers to switch insurers.
BKNG · Competition · Negative Fell 3.9% and was named among consumer-inertia travel stocks threatened by AI agents that ease switching of service providers.
EXPE · Competition · Negative Dropped 3.7% and was listed in Goldman's basket of consumer-inertia stocks at risk from Meta's Muse AI agent.
MS · Competition · Negative Morgan Stanley fell over 2.5% as investors feared Meta's Muse AI agent could disrupt businesses relying on consumer inertia.
SCHW · Competition · Negative Charles Schwab fell more than 5% amid fears Meta's Muse AI agent could disrupt businesses benefiting from consumer inertia.
Allstate Rises 1.88% as Analysts Project $6.63 Q1 EPS
Allstate closed the latest session at $258.48, up 1.88% and outpacing a 0.48% decline in the S&P 500, as analysts look ahead to the insurer's upcoming earnings report. The consensus estimate calls for Allstate to post earnings of $6.63 per share, a year-over-year decline of 40.64%, on quarterly revenue of $17.84 billion, up 4.92% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $35.5 per share and revenue of $71.25 billion, representing changes of +1.92% and +5%, respectively. Over the past month the consensus EPS estimate has moved 3.8% higher, and Allstate currently holds a Zacks Rank of #1 (Strong Buy). The stock trades at a Forward P/E of 7.15, a discount to its industry average of 11.39, with a PEG ratio of 0.57 versus an industry average of 1.73.
ALL · Capital · Positive Analysts project $6.63 Q1 EPS with consensus estimates revised 3.8% higher over the past month and a Zacks Rank #1 (Strong Buy), with the stock trading at a forward P/E discount to its industry.
Allstate Q2 Revenue Rises 4.6% to $17.54 Billion, Beating Estimates
Allstate reported second-quarter revenues of $17.54 billion, up 4.6% year on year and 1.7% above analysts' expectations, in what was an exceptional quarter for the insurer with beats on EPS and net premiums earned estimates. Across the 31 property and casualty insurance stocks tracked in the group, revenues beat consensus estimates by 2.3% and next-quarter revenue guidance came in 0.9% above expectations, though the stocks have collectively declined 2.7% on average since reporting. Allstate shares are down 5% since the results and trade at $251.31. Among peers, Essent Group posted the best quarter with revenues of $362.7 million, up 13.6% year on year and 9.7% above expectations, while Radian Group had the weakest, with revenues of $580.7 million, up 95.7% but in line with expectations and a significant EPS miss. Kinsale Capital Group delivered the biggest estimate beat in the group, with revenues of $548.5 million, up 16.8% year on year and 14.9% above expectations, and HCI Group reported revenues of $246.7 million, up 11.1% and 2.5% above expectations.
Allstate Stock Rises on Strong Earnings and Growth
Allstate Corporation's shares have gained 23.6% year to date, outperforming the industry's 2.4% increase and the S&P 500's 11.7% rise, driven by improving underwriting profitability, rising investment income, and solid policy growth. The company reported policies in force of roughly 216 million in the second quarter, with auto and homeowners policies increasing and issued applications up 9.9%. Net investment income surged 33.8% in the second quarter to $1 billion, and Allstate repurchased $1 billion of stock during the quarter while paying $280 million in dividends. The Zacks Consensus Estimate for 2026 adjusted earnings is $34.45 per share, with 12 upward revisions in the past month, and the company has beaten earnings estimates for four consecutive quarters with an average surprise of 45.3%. Allstate trades at a forward earnings multiple of 8.73X, below its five-year median of 10.90X and the industry average of 26.85X, and holds a Zacks Rank #1 (Strong Buy).
State Farm Returns $5 Billion to Auto Policyholders
State Farm, the largest U.S. auto insurer, is returning $5 billion to auto policyholders through a one-time dividend and rolling back rates in several states. The mutual insurer swung from a multi-year underwriting loss to a large surplus, collecting far more in premiums than it paid in claims and expenses. Progressive posted second-quarter revenue of $22.70 billion and net income of $3.31 billion with a combined ratio of 87.3, while Allstate reported revenue of $18.60 billion and a property-liability combined ratio of 86.6, returning $3.5 billion to shareholders and authorizing a new $4.0 billion buyback. The key question for investors is whether combined ratios drift back toward 90 as rate cuts earn in, which would mark a cycle peak rather than a new baseline.
Allstate Reports $682 Million in July Catastrophe Losses
The Allstate Corporation announced estimated catastrophe losses of $682 million, or $539 million after-tax, for July 2026. The losses stem from 23 events, with approximately 75% tied to two wind and hail events. The company disclosed the figures in its monthly release, noting that financial information is routinely posted on its investor website.
Allstate Q2 2026 Earnings Rise, Buyback Retires 2.6% of Shares
Allstate reported second quarter 2026 revenue of US$18,596 million and net income of US$3,271 million, with earnings per share rising sharply year over year. The company also completed a buyback of 6,727,692 shares for about US$1.40 billion, retiring approximately 2.6% of shares outstanding. The stronger results and completed repurchase program may support near-term catalysts around improved underwriting results and capital returns, though catastrophe volatility remains the most immediate business risk. Allstate's narrative projects US$76.5 billion revenue and US$3.9 billion earnings by 2029, requiring 2.9% yearly revenue growth and an earnings decrease of US$9.3 billion from US$13.2 billion today. The most optimistic analysts were already modeling about US$81.6 billion of revenue and US$5.7 billion of earnings by 2029.
Allstate Q2 Earnings Beat Estimates on Higher Investment Income
Allstate reported second-quarter 2026 adjusted net income of $8.99 per share, beating the Zacks Consensus Estimate by 56.1% and surging 51.3% year over year. Operating revenues grew 4.5% to $17.5 billion, missing the consensus mark by 1.1%. The results were driven by improved underwriting performance, premium growth, robust investment income, and lower catastrophe losses. Net investment income jumped 33.8% to $1 billion, exceeding the $870 million estimate, while catastrophe losses fell 12.8% to $1.4 billion. The company returned $1.3 billion to shareholders through buybacks and dividends under its $4.0 billion repurchase authorization.
Allstate reported second-quarter revenue of $17.54 billion, a 4.6% increase from a year ago, while earnings per share jumped to $8.99 from $5.94. The revenue figure fell about 1% short of the Zacks Consensus Estimate of $17.73 billion, but EPS handily beat the consensus of $5.76 by more than 56%. The property-liability combined ratio improved to 86.6%, well below the 93.9% analyst estimate, driven by a loss ratio of 64.8% versus the expected 72%. Net premiums earned in the property-liability segment came in at $14.92 billion, slightly below the $15.19 billion estimate, while underwriting income reached $2.01 billion, more than double the $989.25 million consensus.
Allstate, MetLife, and Radian Group set to report Q2 earnings amid favorable insurance trends
Allstate, MetLife, and Radian Group are scheduled to report second-quarter results tomorrow, with the broader insurance sector showing solid year-over-year growth and supportive industry trends. The Zacks consensus estimate for Allstate's earnings is $5.76 per share on revenues of $17.73 billion, while MetLife is expected to post earnings of $2.30 per share on revenues of $19.34 billion, and Radian Group's consensus stands at $1.38 per share on revenues of $567.7 million. MetLife is the only one of the three with a positive Earnings ESP of +0.66% and a Zacks Rank #3, indicating a likely earnings beat, whereas Allstate and Radian Group do not conclusively predict a beat with Earnings ESPs of -0.15% and 0.00%, respectively. The insurance industry has benefited from disciplined underwriting, lower catastrophe losses, and net investment income growth, though commercial pricing has softened for an eighth straight quarter.
Edelson Lechtzin LLP Investigates Allstate Data Breach After Ransomware Group Claims Access to 657,000 Records
Edelson Lechtzin LLP has launched an investigation into a data breach at Allstate Corporation. Cybersecurity platforms reported on or about July 26, 2026, that ransomware group ExfilSquad claimed responsibility for a cyberattack on Allstate, alleging access to more than 657,000 records and 15.1 GB of sensitive data. The law firm is investigating potential class action claims on behalf of individuals whose personal information may have been compromised. Allstate learned of the breach on or about July 26, 2026.
Allstate Stock May Trade at a Discount Following Catastrophe Losses
Allstate stock may be trading at a discount following heavy catastrophe losses of about US$2.88b before tax in the latest quarter. The insurer currently trades on a P/E of about 5.6x, roughly half the Insurance industry average of 12.4x and below the peer group average of 10.5x. A tailored fair P/E ratio of 7.8x, which blends Allstate's growth outlook, profitability, size and risk profile, suggests the current multiple remains meaningfully below what would be expected. Community views are split, with a bull case seeing the stock as 18% undervalued and a bear case arguing it is 7% overvalued. The key question is whether Allstate can sustain earnings quality and underwriting discipline to close the valuation gap, or if the discount correctly prices in ongoing risk.
Allstate appoints Chris Lown as CFO effective August 2026
Allstate has appointed Christian Lown as Chief Financial Officer, with a start date of August 3, 2026. Lown brings experience from prior CFO roles at CoStar Group, Freddie Mac, and Navient. The appointment comes after Allstate reported estimated catastrophe losses of about US$1.72 billion before tax for the second quarter of 2026, with total catastrophe-related losses for the quarter of about US$2.88 billion. Interim CFO John Dugenske, who remains President of Investments and Corporate Strategy, will continue in the role until Lown assumes the position. The leadership change signals a focus on experienced stewardship of capital, reinsurance, and funding decisions amid a challenging operating environment for personal lines insurers.
Allstate Reports $1.72 Billion in Q2 Catastrophe Losses While Maintaining Dividend
Allstate reported estimated catastrophe losses of US$1.72 billion for the second quarter of 2026, with an after-tax impact of US$1.36 billion, while its board maintained the quarterly dividend at US$1.08 per share. The June catastrophe losses alone were estimated at US$563 million, with an after-tax hit of US$445 million. The dividend decision underscores the company's ongoing capital return commitment even as elevated catastrophe costs test the resilience of its property and casualty franchise. The company's investment narrative projects US$77.0 billion in revenue and US$5.0 billion in earnings by 2029, implying 4.2% annual revenue growth and a US$7.0 billion earnings decline from US$12.0 billion today, with a fair value estimate of US$241.86 per share representing a 3% downside to the current price.
Allstate estimates June catastrophe losses at $1.72 billion
Allstate estimates its June catastrophe losses at $1.72 billion, or $1.36 billion after tax. Combined with estimated catastrophe losses for April and May, second-quarter catastrophe losses will total approximately $2.88 billion, or roughly $2.28 billion after tax. The June 2026 figure is significantly higher than the June 2025 estimate of $619 million, or $489 million after tax.
Allstate's catastrophe losses drop sharply in early 2026, boosting earnings outlook
Allstate's catastrophe losses fell 43% in the first quarter of 2026 to roughly $1.2 billion, and April and May losses also came in below last year's levels. The lower claims helped push the combined ratio down to 80.3% from 83.1% a year earlier, while policies in force grew 2.3% in the first quarter and 2.4% in May. Adjusted earnings per share surged to $10.65 in the first quarter from $3.53 in the prior-year period. With catastrophe losses remaining subdued through May, the company is poised for another strong quarter when it reports second-quarter results.
Oklahoma sues Allstate, alleging underpayment of damage claims
Oklahoma Attorney General Gentner Drummond sued Allstate, alleging the insurer engaged in a plan to wrongfully deny or underpay legitimate wind and hail damage claims submitted by Oklahoma homeowners. The lawsuit contends that Allstate implemented an internal program known as the "Disaster Payment Minimization Scheme" designed to reduce claim payments and increase corporate profits. The state also alleged that Allstate systematically altered its claims process by limiting the authority of field adjusters, relying on third-party inspectors and reviewers, and applying restrictive internal standards that were not disclosed to policyholders. Those practices resulted in the denial or underpayment of valid storm-related claims, according to the petition. Allstate did not immediately respond to a request for comment.
ALL · Regulation · Negative Oklahoma sued Allstate for allegedly underpaying claims via a 'Disaster Payment Minimization Scheme', which could lead to penalties and reputational harm.
Allstate's Earnings ESP of +42.65% Signals Potential for Another Beat
Allstate has a strong track record of beating earnings estimates and shows potential for another beat in its next quarterly report. The insurer has surpassed estimates by an average of 44.53% over the last two quarters, with surprises of 43.34% and 45.72%. Its positive Earnings ESP of +42.65% and Zacks Rank #3 (Hold) suggest another beat is possible, as stocks with this combination historically beat estimates nearly 70% of the time.
Big Banks, Brokerages, and Insurers Stand to Gain as Fed Rate Hikes Loom
With futures markets pricing a 63% chance of a Federal Reserve rate hike in September, financial stocks are poised to benefit from a higher-rate environment. The State Street Financial Select Sector SPDR ETF has outperformed the S&P 500 over the past month, rising about 4.2% while the broader index fell roughly 2%. Big banks like JPMorgan Chase, Wells Fargo, and Bank of America could see net interest margins widen, boosting profits, as JPMorgan did during the 2022-2023 hiking cycle when it generated record net interest income exceeding $90 billion. Brokerages such as LPL Financial Holdings and Charles Schwab stand to earn more on client cash held in short-term securities, while insurers including Berkshire Hathaway and Allstate can reinvest premiums into higher-yielding bonds.
Allstate's Premium Growth Supported by Rate Increases and Acquisitions
Allstate highlighted ongoing premium growth supported by implemented rate increases and the impact of past acquisitions now flowing through results. The company's recent Q1 2026 report showed revenue of US$16,941 million and net income of US$2,457 million, reflecting how past pricing decisions and acquisitions are feeding into higher earnings. Allstate's narrative projects $77.0 billion revenue and $5.0 billion earnings by 2029, requiring 4.2% yearly revenue growth and an earnings decrease of $7.0 billion from $12.0 billion today. Some optimistic analysts were expecting revenue of about US$84.5 billion and earnings near US$6.1 billion by 2029, focusing on technology-driven cost cuts and expansion. Concerns around high debt levels and supply chain challenges remain key risks that could pressure insurers.
A $1000 Investment in Allstate 10 Years Ago Would Be Worth $3,616.21 Today
A $1000 investment in Allstate made in June 2016 would be worth $3,616.21 as of June 29, 2026, representing a 261.62% gain excluding dividends but including price increases. This performance slightly outpaced the S&P 500's 260.95% gain and significantly exceeded gold's 196.91% increase over the same period. Allstate, the third-largest property-casualty insurer in the U.S., reported total policies in force of 210.9 million as of December 31, 2025, up 3% year over year, and generated $67.7 billion in revenues in 2025. The company's Property-Liability segment accounted for 91% of total earned premiums in 2025, while the Protection Services segment contributed 5%. Analysts note consistent premium growth, with premiums rising 5.8% year over year to $15.6 billion in the first quarter of 2026, and a return on capital of 31.1% well above the industry average of 6%, though high debt levels and a low cash balance remain concerns.
AutoZone, Allstate, CSW Industrials Top Wall Street Picks in June
Wall Street analysts are showing strong conviction in AutoZone, Allstate, and CSW Industrials this June, with all three carrying predominantly Buy ratings and recent earnings beats. AutoZone holds 21 Buy ratings despite a 10% year-to-date share decline, after fiscal Q3 EPS of $38.07 beat the $36.17 consensus and revenue grew 8% to $4.84 billion. Allstate smashed Q1 estimates by 47% with EPS of $10.65 versus $7.25, driven by a 15.4-point improvement in its Property-Liability combined ratio to 82.0, and trades at a forward P/E of just 9. CSW Industrials crossed $1 billion in annual revenue for the first time in its fiscal Q4, with adjusted EPS of $3.14 crushing the $2.34 consensus and revenue up 34% to $308.96 million. Each company faces upcoming catalysts in the next five to nine weeks that could validate or break their upgrade cycles.
ALL · Capital · Positive Allstate smashed Q1 estimates by 47% with EPS of $10.65 versus $7.25, driven by a 15.4-point improvement in its Property-Liability combined ratio to 82.0, and trades at a forward P/E of just 9.
AZO · Capital · Positive AutoZone fiscal Q3 EPS of $38.07 beat the $36.17 consensus and revenue grew 8% to $4.84 billion.
CSW · Capital · Positive CSW Industrials crossed $1 billion in annual revenue for the first time in its fiscal Q4, with adjusted EPS of $3.14 crushing the $2.34 consensus and revenue up 34% to $308.96 million.
Four P&C Insurers Seen as Resilient Ahead of Milder 2026 Hurricane Season
Colorado State University forecasts a milder-than-normal 2026 Atlantic hurricane season with 11 named storms, including five hurricanes and two major hurricanes, yet four property and casualty insurers are expected to remain resilient. HCI Group, The Progressive Corporation, The Allstate Corporation and Palomar Holdings are supported by stronger pricing, disciplined underwriting, favorable reserve development, increased exposure and healthy capital positions. The industry generated an estimated net underwriting gain of $63 billion in 2025, up from $23 billion in 2024, with a combined ratio improving to 92.9% from 96.6%, according to Verisk. Swiss Re projects the combined ratio to deteriorate to 99% in 2026 as catastrophe pressures normalize, while Aon estimates first-quarter 2026 catastrophe-related economic losses at $37 billion and insured losses at roughly $20 billion. Marsh's Global Insurance Market Index reported a 5% decline in global commercial insurance rates in the first quarter of 2026, marking the seventh consecutive quarter of pricing moderation.
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