February 2026 Monthly Release
Rhea-AI Summary
The Allstate Corporation (NYSE: ALL) reported estimated February 2026 catastrophe losses of $140 million (or $111 million after-tax). Total catastrophe losses for January and February were $315 million (or $249 million after-tax).
Policy counts: Auto 25,633k, Homeowners 7,726k, Other personal 4,902k, Commercial 176k. Total policies 38,437k, up 0.5% vs Jan and 2.5% YoY.
Positive
- Auto policies +3.0% year-over-year
- Total policies +2.5% year-over-year
- Month-over-month policy counts broadly stable (Total +0.5%)
Negative
- Estimated February catastrophe losses $140 million
- January–February catastrophe losses $315 million total
- Commercial lines policies down 10.2% year-over-year
Key Figures
Market Reality Check
Peers on Argus
ALL was down 1.39% with peers also weaker: TRV -1.95%, HIG -1.7%, CB -0.54%, WRB -1.41%, MKL -2.14%. Sector headlines were limited, suggesting moves were not driven by a common, high-profile catalyst.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 24 | Product expansion | Positive | +1.8% | Expanded year-round identity protection and new stolen tax refund advance. |
| Feb 23 | Conference appearance | Neutral | -0.1% | Announcement of presentation at Raymond James Institutional Investors Conference. |
| Feb 20 | Preferred dividends | Positive | +1.6% | Declared about $29.3M preferred dividends payable April 15, 2026. |
| Feb 19 | Cat loss update | Negative | -3.0% | Reported January catastrophe losses tied primarily to Winter Storm Fern. |
| Feb 17 | CSR/brand news | Positive | +2.3% | Announcement of Allstate NACDA Good Works Team community-service recognitions. |
Recent news-driven moves have generally aligned with headline tone, including catastrophe updates and capital allocation items.
Over the past month, Allstate has reported several operational and capital-related developments. January 2026 catastrophe losses were $175 million (or $138 million after tax) with Allstate Protection policy counts at 38.262 million. February’s update continues this cadence of monthly catastrophe and policy data. Other releases highlighted preferred dividends of about $29.3 million payable on April 15, 2026, identity protection product expansion amid identity theft cases rising 50%, and brand/CSR visibility via the Allstate NACDA Good Works Team.
Market Pulse Summary
This announcement details estimated February catastrophe losses of $140 million (or $111 million after tax), bringing January–February losses to $315 million (or $249 million after tax), alongside growth in Allstate Protection policies to 38,437 thousand, up 2.5% year over year. Investors may track how policy growth in auto and homeowners balances ongoing catastrophe costs and compare these monthly updates with prior loss patterns and capital management disclosures.
Key Terms
lender-placed policies financial
AI-generated analysis. Not financial advice.
Allstate Protection policies in force are as follows:
Allstate Protection Policies in Force (1) | ||||||||||
(in thousands) | February 28, | January 31, | February 28, | Feb. 28, 2026 v | Feb. 28, 2026 v | |||||
Auto | 25,633 | 25,484 | 24,894 | 0.6 % | 3.0 % | |||||
Homeowners | 7,726 | 7,709 | 7,537 | 0.2 % | 2.5 % | |||||
Other personal lines | 4,902 | 4,894 | 4,873 | 0.2 % | 0.6 % | |||||
Commercial lines | 176 | 175 | 196 | 0.6 % | (10.2) % | |||||
Total | 38,437 | 38,262 | 37,500 | 0.5 % | 2.5 % | |||||
(1) | Policy counts are based on items rather than customers. A multi-car customer would generate multiple item (policy) counts, even if all cars were insured under one policy. Lender-placed policies are excluded from policy counts because relationships are with the lenders. |
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
Forward-Looking Statements
This news release contains "forward-looking statements" that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like "plans," "seeks," "expects," "will," "should," "anticipates," "estimates," "intends," "believes," "likely," "targets" and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the
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 211 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.
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SOURCE Allstate Insurance Company
FAQ
What catastrophe losses did Allstate (ALL) report for February 2026?
How many Allstate (ALL) policies were in force at February 28, 2026?
How did Allstate (ALL) policy counts change year-over-year by February 28, 2026?
What does the Allstate (ALL) February 2026 catastrophe loss mean for quarterly results?
Were Allstate's (ALL) month-to-month policy counts stable in February 2026?
