Territory Sales Manager

Allstate's independent agent push gathers pace as hard market pricing fades. IA share of auto new business rises to 28% - but the 83.3 auto combined ratio needs a closer read. Allstate Corporation reported second-quarter 2026 net income of $3.2 billion, up almost 56% from $2.1 billion a year earlier, on revenues of $18.6 billion, an 11.8% increase. Adjusted net income was $2.3 billion, or $8.99 per diluted share. The headline numbers are large, but the story that matters most to independent agents is in the distribution data. Independent agents now account for 28% of Allstate auto insurance new business applications in Q2 2026, up from 21% in Q2 2023. Over the same period, total auto new business volume rose 58.8% to 2,347 thousand applications per quarter. Channel share shifts, Custom360 expands. The independent agent channel is writing more Allstate business in absolute terms than at any point in the past three years. The product driving that growth is Custom360, a middle-market standard and preferred auto and homeowners product built for independent agents. It was available in 41 states as of Q2 2026, up from 36 states at year-end 2025 and 40 states in Q1 2026. The comparable Affordable, Simple, Connected product for exclusive agents and direct consumers, meanwhile, is available in 45 states. Allstate's independent agent share gain runs alongside a broader industry trend: the Big "I" 2026 Market Share Report found independent agents placed 39.5% of all personal lines premiums in 2025, their fourth consecutive annual gain. Rate posture: no longer raising prices. Allstate implemented rate changes in 36 states in Q2, across a mix of increases and decreases, with a net neutral rate impact overall. That marks a material departure from the double-digit increases that characterized 2022 and 2023. Agents renewing personal auto accounts with Allstate are no longer managing rate hardening. The carrier is now posting combined ratios that give it room to compete on price. Allstate spent $2.1 billion on advertising in the first half of 2026, up from $638 million in all of 2023. That spending is channeled toward customer acquisition and is a key driver of new business applications growth across all three distribution channels. Combined ratio and the reserve question. The property-liability combined ratio was 86.6 in Q2, a 4.5-point improvement from 91.1 a year earlier. Auto posted a combined ratio of 83.3 and homeowners 94.6. The auto figure carries a caveat. Allstate released $1.5 billion in prior-year auto reserves in the first half of 2026, including $1.3 billion from auto injury coverages. In Q2, favorable prior-year development added 2.4 points of benefit to the auto combined ratio. The adjusted underlying auto combined ratio, which strips out reserve development, was 90.0 in Q2 rather than the 83.3 recorded. The underlying property-liability combined ratio was 79.4, essentially flat year over year. The homeowners combined ratio improved 7.4 points to 94.6, with catastrophe losses down 12.8% to $1.4 billion. The underlying homeowners combined ratio was 61.5, though it rose 2.9 points on higher non-catastrophe loss costs. Property-liability underwriting income was $2 billion in Q2, up 56.7% from $1.8 billion a year earlier. Homeowners net premiums earned grew 11.4% to $4.2 billion, while auto net premiums earned rose 1.2% to $9.6 billion. Investment income and capital returns. Net investment income rose 33.8% in Q2 to slightly over $1 billion, with performance-based income up sharply on private equity valuations. The investment portfolio returned 5.6% over the trailing 12 months. Allstate repurchased $1 billion in shares during the quarter, with $2.6 billion remaining under a $4 billion authorization. Deployable capital at the holding company increased to $9.5 billion. "Allstate delivered strong operating and financial results in the second quarter of 2026, while executing our strategic growth plans," said Tom Wilson, who leads The Allstate Corporation. The quarter closed with an adjusted net income return on equity of 44.2% over the last 12 months and a leadership change: Christian Lown was named chief financial officer, effective August 3.

Allstate reported second-quarter results for 2026 that beat Wall Street expectations. Revenue rose 10.8% year-on-year to $18.6 billion, surpassing analyst estimates by 7.8%. The insurance giant's non-GAAP profit reached $8.99 per share, 48% above consensus estimates. Net premiums earned totalled $15.67 billion, exceeding forecasts and representing 2.6% year-on-year growth. Pre-tax profit came in at $4.14 billion with a 22.3% margin. Book value per share stood at $123.38, showing 47.9% year-on-year growth and meeting analyst expectations. "Consistent operating performance continues to generate attractive returns and deployable capital," said John Dugenske, president of investments and corporate strategy.

Allstate named Founding Partner of LA28 Olympic and Paralympic Games and the official home and auto insurance Partner of Team USA. Aug 04, 2026, 09:01 ET Partnership builds on more than 20 years of supporting college athletics and expands Allstate's commitment to all sports and all athletes from communities across America Allstate to partner with NBCUniversal to support its multi-platform coverage of the Los Angeles 2028 Olympic and Paralympic Games CHICAGO and LOS ANGELES, Aug. 4, 2026 /PRNewswire/ - Allstate proudly announced today that it is a Founding Partner of the LA28 Olympic and Paralympic Games and the official home and auto insurance partner of Team USA. The partnership extends Allstate's longstanding support of student-athletes to the biggest stage in sports. "For more than 20 years, Allstate has supported student-athletes because we believe in the power of sport to build leaders, strengthen communities and help people reach their potential," said Elizabeth Brady, Allstate EVP and Chief Marketing, Customer and Communications Officer. "Many Olympians and Paralympians develop that character on college campuses long before representing their country. Supporting Team USA and LA28 is a natural extension of our commitment and of Allstate's purpose: protecting people, strengthening communities and helping them achieve their hopes and dreams." All Sports, All Athletes For more than 20 years, Allstate has supported college athletics through university and conference partnerships, scholarships and programs that recognize student-athletes' leadership and community impact. Since 2005, the Allstate Good Hands(R) Field Goal Nets program has generated millions of dollars for scholarships with every field goal and extra point scored. The Allstate Good Works Team(R) has also grown beyond football to recognize student-athletes in fall, winter and spring sports who use their leadership to strengthen communities. The partnership with Team USA and LA28 extends this commitment to the Olympic and Paralympic stage, supporting athletes as they represent their country at the highest level of competition. "Team USA athletes dedicate years of effort in pursuit of excellence on and off the field of play, chasing their dreams of representing the United States on the biggest stage in sports," said Sarah Hirshland, CEO of the U.S. Olympic & Paralympic Committee. "Allstate's support will help Team USA athletes access the resources they need to train and compete at the highest level, while also helping to inspire the next generation of Olympians and Paralympians." "Allstate's commitment to LA28 reflects the momentum we're building toward the Games," said Reynold Hoover, CEO of LA28. "As we welcome new partners who believe in what these Games can do for Los Angeles and the country, we're that much closer to delivering a Games this city and this country can be proud of." Allstate will also support NBCUniversal's multiplatform coverage of the Olympic and Paralympic Games, bringing fans closer to Team USA and the stories behind the athletes' achievements. "Allstate's support of athletes extends far beyond competition, reflecting a longstanding dedication to helping them reach their full potential," said Mark Marshall, Chairman, Global Advertising and Partnerships, NBCUniversal. "That shared belief in the power of sport and opportunity makes them a natural partner for Team USA and LA28, and we're proud to celebrate the stories, achievements and lasting impact of the Olympic and Paralympic movement together." Protecting people and strengthening communities For more than 95 years, Allstate has helped protect the foundations of American life: people's homes, the vehicles that connect them to opportunity and the financial security that gives them confidence to pursue their hopes and dreams. Today, one in 10 American households depends on Allstate to protect one of its most valuable assets. This enduring commitment has earned Allstate the reputation as one of America's 50 Best Companies. Allstate also works to strengthen communities across the country. In 2025, The Allstate Foundation, Allstate employees and agents contributed nearly $70 million to nonprofits, supporting more than 6,500 organizations across more than 2,200 communities. Together, they are empowering young people, helping communities prepare for and recover from disasters, and supporting leaders working across differences to build trust in society. About LA28 Olympic and Paralympic Games LA28 will bring the Olympic and Paralympic Games to Los Angeles in 2028, uniting more than 15,000 of the world's greatest athletes in a celebration of sport, culture and human potential. Set against a diverse collection of venues only Southern California can deliver, from the Pacific Ocean to Hollywood stages to world-class arenas, Los Angeles will become the third city ever to host three Olympic Games, following 1932 and 1984, and will also host its first ever Paralympic Games. The LA28 Games will celebrate historic milestones including becoming the first Olympic Games in history to allocate more quota spots to women athletes than men, the debut of new Olympic and Paralympic sports and becoming the first Games since 1948 to not build any new permanent infrastructure. Operating as an independently funded, non-profit organization, LA28 has built a strong foundation of successful commercial partnerships, alongside licensing, hospitality and ticketing, with the support of the International Olympic Committee. About Allstate The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with affordable, simple and connected protection for autos, homes, electronic devices, and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate has more than 212 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate." For more information, visit www.allstate.com. About Team USA Team USA is the world's largest and most diverse team of athletes from across the United States who compete at the Olympic, Paralympic, Youth Olympic, Pan American and Parapan American Games. The United States Olympic & Paralympic Committee, founded in 1894, serves as the National Olympic Committee and National Paralympic Committee for the United States and is responsible for protecting, supporting and empowering Team USA athletes. For more information, visit TeamUSA.com. About NBCUniversal NBCUniversal is one of the world's leading media and entertainment companies. We create world-class content, which we distribute across our portfolio of film, television, and streaming, and bring to life through our global theme park destinations, consumer products, and experiences. We own and operate leading entertainment and news brands, including NBC, NBC News, NBC Sports, Telemundo, NBC Local Stations, Bravo, and Peacock, our premium ad-supported streaming service. We produce and distribute premier filmed entertainment and programming through our powerhouse film and television studios, including Universal Pictures, DreamWorks Animation, and Focus Features, and the four global television studios under the Universal Studio Group banner, and operate industry-leading theme parks and experiences around the world through Universal Destinations & Experiences, including Universal Orlando Resort, home to Universal Epic Universe, and Universal Studios Hollywood. NBCUniversal is a subsidiary of Comcast Corporation. Visit www.nbcuniversal.com for more information. SOURCE Allstate Insurance Company