Allstate Corporation (NYSE: ALL) heads into Wednesday’s trading session near its record highs after a year of sharply improved earnings, higher dividends and renewed confidence from ratings agencies and many institutional investors.
On Tuesday, November 25, 2025, Allstate shares closed at $212.65, up about 0.13% on the day. In after‑hours trading, the stock changed hands around $210.88, modestly below the closing price. [1] That leaves ALL just below its 52‑week high of about $215.89 and well above its 12‑month low near $176, with the stock trading at roughly 10× trailing earnings, a PEG ratio around 0.7 and a low beta of about 0.35. [2]
Below is a detailed look at how the stock is positioned today, what’s been driving the rally, and the key risks and catalysts investors may want to monitor.
ALL stock price snapshot for November 26, 2025
- Last regular close: $212.65 (Tuesday, Nov. 25, 2025)
- Daily move: +0.28 (+0.13%)
- After‑hours quote: ~$210.88, down about 0.8% from the close (7:57 p.m. EST on Nov. 25). [3]
- 52‑week range: roughly $176.00 – $215.89. [4]
From a trend perspective, Allstate’s 50‑day simple moving average is just over $203, and its 200‑day average is around $202, meaning the stock is trading comfortably above both short‑ and long‑term trend lines. [5] That’s consistent with a mature uptrend rather than an early rebound.
With a market capitalization near $55–56 billion, a P/E of about 10 and a PEG ratio of ~0.69, the market is pricing Allstate as a relatively low‑volatility, moderate‑growth value play in the property‑and‑casualty (P&C) insurance space. [6]
Earnings momentum: 2025 has been a turning‑point year
Allstate’s strong share‑price performance in 2025 is rooted in a significant turnaround in profitability across its P&C operations, especially auto insurance.
Q1 2025: Strong underlying business, heavy catastrophe losses
In the first quarter of 2025, Allstate delivered:
- Total revenues of $16.5 billion, up 7.8% year over year.
- Net income of $566 million, down more than 50% from the prior year as record catastrophe losses of $3.3 billion weighed on results—partially offset by $1.1 billion in reinsurance recoveries.
- Adjusted net income of $949 million ($3.53 per share) and a robust adjusted ROE of 23.7%. [7]
Under the surface, the core insurance engine was healthy: property‑liability premiums earned rose nearly 9%, and the underlying combined ratio (which strips out catastrophes and prior‑year reserve adjustments) improved to 83.1, indicating solid underwriting margins even in a difficult weather quarter. [8]
Q2 2025: Net income surges, auto margins shine
The second quarter of 2025 underscored how far Allstate’s turnaround has come:
- Net income applicable to common shareholders jumped to about $2.1 billion, versus just $301 million a year earlier.
- The property‑liability combined ratio improved 10 points to 91.1, flipping underwriting from a loss to about $1.3 billion of underwriting income.
- In auto, Allstate posted about $1.3 billion of underwriting income and an 86 combined ratio, roughly 10 points better than Q2 2024, helped by reserve releases and improved loss trends. [9]
Even with roughly $2 billion of catastrophe losses in Q2, the company was able to generate strong profitability, thanks to rate increases, disciplined underwriting and reinsurance programs that help stabilize results. [10]
Q3 2025: “Excellent operating results”
The third quarter of 2025 was arguably the high point so far and is a major reason ALL trades near its highs today:
- Total revenues: $17.3 billion, up 3.8% vs. Q3 2024.
- Net income: about $3.7 billion, more than triple the $1.2 billion earned a year earlier.
- Adjusted net income:$3.0 billion, or $11.17 per diluted share, vs. $1.0 billion ($3.91) a year ago.
- Trailing 12‑month ROE: about 37.2% on net income and 34.7% on adjusted net income. [11]
On the P&C side:
- Property‑liability earned premiums rose 6.1% to $14.5 billion.
- Underwriting income soared to roughly $2.9 billion from $495 million in Q3 2024.
- The property‑liability combined ratio improved to 80.1 from 96.4, with the underlying combined ratio dropping to 78.7 from 83.2.
- Catastrophe losses were about $558 million, down roughly 67% from $1.7 billion a year earlier. [12]
Auto insurance continues to be a bright spot: auto premiums earned grew 3.5%, policies in force rose about 1.3%, and the auto combined ratio dropped to 82.0 from 94.8, reflecting strong profitability and more stable claims trends. [13]
October update: manageable catastrophe losses, steady growth
Allstate’s October 2025 monthly release reported estimated catastrophe losses of $83 million pre‑tax (about $65 million after‑tax) from five wind and hail events—much milder than the severe weather seen earlier in the year—alongside continued growth in auto and homeowners policies in force. [14]
Taken together, 2025 so far shows:
- A business that has re‑established strong underwriting profitability, especially in auto.
- Catastrophe volatility that remains a risk, but is mitigated by a comprehensive reinsurance program. [15]
Dividends, buybacks and valuation: how ALL looks to income and value investors
Dividend growth and yield
Allstate has paired its earnings rebound with higher shareholder payouts:
- On February 26, 2025, the board raised the quarterly dividend to $1.00 per share, an 8.7% increase, and authorized a $1.5 billion share‑repurchase program running through September 30, 2026. [16]
- On November 20, 2025, Allstate confirmed another quarterly dividend of $1.00 per share, payable January 2, 2026 to shareholders of record as of December 1, 2025. [17]
At Tuesday’s close near $212–213, the annualized dividend ($4.00 per share) translates into a yield of roughly 1.9%, with a payout ratio around 13% based on current earnings estimates—leaving significant headroom for buybacks and future increases if results remain strong. [18]
Valuation and Wall Street’s view
Recent institutional‑holding reports and analyst rundowns show a fairly consistent picture:
- Institutional investors own roughly 76–77% of outstanding shares, with some large holders trimming positions while others add. For example, Ensign Peak Advisors cut its stake by about 59% in Q2, while firms like Kingsview Wealth Management and Creative Planning significantly increased their positions. [19]
- Articles summarizing analyst coverage highlight a “Moderate Buy” consensus, with two “Strong Buy,” eleven “Buy,” four “Hold” and one “Sell” ratings, and an average price target around $237–238—roughly low‑double‑digit upside from current levels. [20]
- Consensus estimates call for about $18.7 in EPS for the current fiscal year. [21]
On a simple P/E basis, the stock trades at around 10× earnings, which is not demanding given ROE in the mid‑30s and a much stronger balance sheet than in 2022–23. [22]
Insider and rating signals
One recent headline that could catch traders’ attention:
- In November, insider Suren Gupta sold 21,871 Allstate shares at an average price of about $215.21, a roughly $4.7 million transaction that reduced his stake by about 17.9%, leaving him with more than 100,000 shares. [23]
Insider selling can sometimes signal caution, but it can also reflect diversification or personal liquidity needs. In parallel, ratings agency AM Best reaffirmed an A+ (Superior) financial‑strength rating for Allstate Insurance Group in August, citing improved margins in 2024 and through the first half of 2025, roughly 30% growth in statutory surplus, and a strengthened reinsurance program. [24]
The net read‑through: Wall Street and rating agencies generally see Allstate as financially strong and solidly profitable, even if insider activity is mixed.
Strategy and growth: beyond core auto and homeowners
Allstate is doing more than just raising prices and riding better loss trends. Several strategic moves in 2025 help explain why investors are paying attention.
Transformative Growth and AI‑enabled underwriting
Allstate’s Transformative Growth strategy continues to focus on higher‑margin products, expanded distribution and more data‑driven underwriting:
- In Q3, Allstate reported 209.5 million policies in force, up 3.8% year over year, driven largely by its Protection Plans and growing auto and homeowners books. [25]
- The company highlighted the rollout of new auto and homeowners products across dozens of states and noted that its tech platform now supports generative and “agentic” AI to cut costs and enhance customer value. [26]
Scam Protection and cyber‑focused benefits
In November, Allstate’s health and benefits business announced an expanded Scam Protection benefit designed to protect employees from financial fraud, including online scams and even certain crypto‑related thefts. Eligible workers can receive up to $50,000 in reimbursement for verified scam‑related financial losses, along with access to cybersecurity education and recovery assistance. [27]
This benefit is distributed through workplace plans, where Allstate already reaches millions of employees, and taps into growing demand for identity and cyber‑risk protection. While still a small contributor to overall earnings, it illustrates how Allstate is broadening its protection ecosystem beyond traditional P&C.
Brand and community impact: the Allstate Wuerffel Trophy
Allstate also continues to invest in brand equity through college football and community initiatives. On November 25, the company announced the 2025 finalists for the Allstate Wuerffel Trophy, college football’s top community‑service award, recognizing players from Toledo, Texas and BYU for significant off‑field service. [28]
While such programs don’t directly move the earnings needle, they support Allstate’s brand as a trusted protector—valuable in an industry where customer loyalty and reputation play key roles in retention and pricing power.
Upcoming Goldman Sachs conference appearance
Looking ahead, CEO Tom Wilson is scheduled to present at the Goldman Sachs U.S. Financial Services Conference on December 10, 2025, an event that typically includes commentary on pricing, capital allocation, catastrophe risk and growth priorities. [29]
Investors often watch this appearance for incremental guidance or hints about rate trends and capital‑return plans going into the new year.
Risk factors for ALL stock in late 2025
Despite the strong fundamentals, Allstate is not without meaningful risks.
1. Catastrophe and climate risk
Q1 2025 underscored how catastrophe losses can rapidly compress earnings: a record $3.3 billion in gross catastrophe losses (mostly from wildfires and severe wind events) knocked net income down to $566 million in that quarter alone. [30]
While reinsurance mitigates some volatility and Q3/October losses were much milder, increasing frequency and severity of storms and wildfires remain a structural concern for P&C insurers like Allstate.
2. Regulatory and political pressure on pricing
Auto and homeowners insurers face mounting scrutiny from regulators who want to keep coverage affordable:
- In Louisiana, the state’s insurance commissioner recently approved rate decreases of 7.6% and 15% on certain Allstate and National General auto programs, impacting about 12,000 policyholders starting in late 2025 and early 2026. [31]
- New York’s Attorney General has sued National General and parent company Allstate over past data breaches, alleging failures to adequately protect drivers’ license numbers and personal data during cyber incidents in 2020 and 2021. [32]
These developments highlight two forms of risk: margin pressure from rate cuts in specific jurisdictions and legal/reputational risk tied to cybersecurity and data privacy.
3. Competitive dynamics in auto insurance
Allstate leadership has described the current auto market as “rational”, with no broad shift into a destructive price war even as trends improve. CEO Tom Wilson told analysts he does not expect carriers to “chase volume by lowering rates,” noting that most seem focused on maintaining profitable growth rather than grabbing share at any cost. [33]
However, as loss trends continue to improve and some competitors that lagged on prior rate increases catch up, the industry could still see segments of more aggressive pricing or innovative product design, which might pressure margins over time.
4. Rich positioning vs. technical levels
Technically, ALL is:
- Trading close to its 52‑week high and well above its long‑term moving averages. [34]
- Coming off a strong run fueled by multiple quarters of upside surprises.
Some technical services have recently noted a strong, but not extreme, relative strength profile for Allstate and pointed out that the stock briefly broke out above a prior high near the mid‑$215 area before slipping back below that level—often a sign that shares may consolidate or pull back before the next sustained leg higher. [35]
Combine that with recent insider sales and it’s reasonable to expect short‑term volatility, especially around macro news, catastrophe headlines or guidance changes.
What to watch next for Allstate (ALL) stock
For investors tracking ALL today and in the weeks ahead, several key dates and themes stand out:
- Dividend timeline
- Ex‑dividend date: December 1, 2025.
- Dividend payment: January 2, 2026 (for holders of record on Dec. 1). [36]
- Management commentary
- Goldman Sachs U.S. Financial Services Conference (Dec. 10, 2025): Look for updated views on pricing trends, catastrophe strategy, AI‑driven efficiency gains, and how aggressively management plans to use the $1.5 billion repurchase authorization. [37]
- Monthly catastrophe and policy‑count updates
- Allstate’s monthly disclosures on catastrophe losses and policies in force are important for gauging whether favorable 2025 loss trends and policy growth are continuing into the winter and 2026. [38]
- Regulatory and legal developments
- Watch for follow‑on actions related to data privacy suits, as well as additional state‑level decisions on auto and homeowners rates, which can either support or squeeze margins. [39]
- Rating‑agency and capital‑strength updates
- AM Best’s affirmation of A+ earlier this year was a clear positive; any change in outlook or rating from major agencies would be significant for both borrowing costs and investor perception. [40]
Bottom line on ALL stock today
On November 26, 2025, Allstate stock is:
- Trading just below record highs, with a modest dividend and active buyback plan.
- Backed by three consecutive quarters of strong earnings, improving underwriting margins and robust ROE. [41]
- Supported by A+ financial‑strength ratings and generally bullish (if not euphoric) Wall Street coverage. [42]
At the same time, investors need to remain mindful of:
- Catastrophe risk and climate‑driven volatility,
- Regulatory pressure on rates and data‑privacy scrutiny, and
- The possibility of short‑term pullbacks after a strong run and some insider selling. [43]
As always, this overview is for informational purposes only and does not constitute financial advice, a recommendation to buy or sell securities, or a prediction of future performance. Anyone considering ALL—or any stock—should evaluate their own risk tolerance, time horizon and financial situation, and, if needed, consult a qualified financial professional.
References
1. stockanalysis.com, 2. www.defenseworld.net, 3. stockanalysis.com, 4. www.defenseworld.net, 5. www.defenseworld.net, 6. www.defenseworld.net, 7. www.businesswire.com, 8. www.businesswire.com, 9. www.insurancejournal.com, 10. www.insurancejournal.com, 11. www.businesswire.com, 12. www.businesswire.com, 13. www.businesswire.com, 14. www.businesswire.com, 15. www.businesswire.com, 16. www.businesswire.com, 17. www.businesswire.com, 18. www.marketbeat.com, 19. www.marketbeat.com, 20. www.marketbeat.com, 21. www.marketbeat.com, 22. www.businesswire.com, 23. www.marketbeat.com, 24. www.insurancejournal.com, 25. www.businesswire.com, 26. www.businesswire.com, 27. www.allstatenewsroom.com, 28. www.businesswire.com, 29. www.businesswire.com, 30. www.businesswire.com, 31. www.insurancejournal.com, 32. www.insurancejournal.com, 33. www.insurancejournal.com, 34. stockanalysis.com, 35. www.investors.com, 36. www.marketbeat.com, 37. www.businesswire.com, 38. www.businesswire.com, 39. www.insurancejournal.com, 40. www.insurancejournal.com, 41. www.businesswire.com, 42. www.insurancejournal.com, 43. www.marketbeat.com
