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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bob Huang | Morgan Stanley | 12 questions · 25% challenging |
| Greg Peters | Raymond James | 12 questions · 0% challenging |
| Rob Cox | Goldman Sachs | 10 questions · 30% challenging |
| Elyse Greenspan | Wells Fargo | 8 questions · 38% challenging |
| Mike Zaremski | BMO Capital Markets | 7 questions · 14% challenging |
| Jimmy Bhullar | JPMorgan | 6 questions · 0% challenging |
| Josh Shanker | Bank of America | 6 questions · 33% challenging |
| Alex Scott | Barclays | 6 questions · 33% challenging |
| Yaron Kinar | Mizuho Securities | 5 questions · 40% challenging |
| Dave Motemaden | Evercore ISI | 5 questions · 20% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 analyst | 12 questions · 25% challenging |
| Raymond James | 1 analyst | 12 questions · 0% challenging |
| Goldman Sachs | 2 analysts | 12 questions · 25% challenging |
| Wells Fargo | 3 analysts | 12 questions · 33% challenging |
| JPMorgan | 2 analysts | 9 questions · 0% challenging |
| BMO Capital Markets | 2 analysts | 9 questions · 11% challenging |
| Bank of America | 1 analyst | 6 questions · 33% challenging |
| Barclays | 1 analyst | 6 questions · 33% challenging |
Allstate delivered Q1 revenue of $16.9 billion up 3% with adjusted EPS of $10.65 as the underlying combined ratio improved 2.8 points to 80.3% and the recorded combined ratio reached 82% with underwriting income of $2.7 billion. Earned premiums grew 5.5% reflecting continued rate adequacy across the portfolio. The quarter demonstrated durable underwriting profitability as the benefits of multi-year pricing actions flowed through the book.
Competitive Dynamics | Margin | Revenue Growth | Demand | Regulation Policy | Capital Allocation | Cost Pressure | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 4 | 3 | 3 | 2 | 2 | 1 | 1 |
| 2025Q1 | 4 | 3 | 3 | 4 | 1 | 3 | 2 | 2 |
| 2025Q2 | 8 | 3 | 6 | 3 | 3 | 1 | 3 | |
| 2025Q3 | 4 | 4 | 4 | 2 | 1 | 3 | 1 | 2 |
| 2025Q4 | 5 | 4 | 4 | 2 | 4 | 1 | 2 | 3 |
| 2026Q1 | 4 | 3 | 1 | 3 | 2 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 4 | 4 | 8 | 4 | 5 | 4 |
| Margin | 4 | 3 | 3 | 4 | 4 | 3 |
| Revenue Growth | 3 | 3 | 6 | 4 | 4 | |
| Demand | 3 | 4 | 3 | 2 | 2 | 1 |
| Regulation Policy | 2 | 1 | 3 | 1 | 4 | 3 |
| Capital Allocation | 2 | 3 | 1 | 3 | 1 | 2 |
| Cost Pressure | 1 | 2 | 3 | 1 | 2 | 2 |
| Pricing | 1 | 2 | 2 | 3 | 1 |
Calendar quarter Q1 2026Earnings call Apr 30, 2026
FY2026 Q1 in brief
Allstate delivered Q1 revenue of $16.9 billion up 3% with adjusted EPS of $10.65 as the underlying combined ratio improved 2.8 points to 80.3% and the recorded combined ratio reached 82% with underwriting income of $2.7 billion.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +4.17% → base 6. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Allstate (ALL), FY2026 Q1: 7/10. Scores: Allstate’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: ALL daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin |
|---|---|---|---|---|---|
| FY2024 Q4 | $16.51B | +11.3% | $7.07 | +28.1% | 11.7% |
| FY2025 Q1 | $16.45B | +7.8% | $2.11 | -52.7% | 3.6% |
| FY2025 Q2 | $16.63B | +5.8% | $7.76 | +586.7% | 12.7% |
| FY2025 Q3 | $17.25B | +3.8% | $13.95 | +222.2% | 21.7% |
| FY2025 Q4 | $17.34B | +5.1% | $14.37 | +103.3% | 22.1% |
| FY2026 Q1Selected | $16.94B | +3.0% | $9.25 | +338.4% | 14.5% |
| FY2026 Q2 | $18.60B | +11.8% | $12.51 | +61.2% | 17.6% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What ALL said about other companies on its FY2026 Q1 call, and what other companies said about ALL on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“you end up in a system period where we spend more, progressive spends more. So leads go up in costs, so we spend more. So they spend more.”
Allstate describes competitive advertising-spend dynamics with Progressive, noting it stays disciplined to avoid an escalating ad-spend cycle with its main auto competitor.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| ALLAllstate | 7 | +4.2% | Allstate delivered Q1 revenue of $16.9 billion up 3% with adjusted EPS of $10.65 as the underlying combined ratio improved 2.8 points to 80.3% and the recorded combined ratio reached 82% with underwriting income of $2.7 billion | |
| AIZAssurant | 8 | +11.3% | Assurant delivered its strongest first quarter on record, with total revenue up 11% and adjusted EBITDA up 6% and adjusted EPS up 9%, both excluding reportable catastrophes | |
| CBChubb Limited | 7 | +9.5% | Excellent P&C underwriting at 84% combined ratio | |
| CINFCincinnati Financial | 7 | +11.6% | Non-GAAP operating income surges to $330M from Q1 loss | |
| KMPRKemper Corporation | 2 | -6.8% | California Personal Auto Remains Primary Headwind | |
| LLoews Corporation | 5 | +2.6% | CNA reserve charge and higher underlying loss ratio drive earnings decline | |
| LMNDLemonade, Inc. | 9 | +55.0% | Lemonade extended its growth acceleration streak to 10 consecutive quarters with IFP reaching $1.33 billion (+32% YoY), while the QS reinsurance transition propelled revenue up 71% to $258 million and gross profit up 159% to $100 million | |
| MCYMercury General Corporation | 8 | +10.5% | Mercury General's Q1 2026 demonstrated the underlying strength of the franchise with a combined ratio of 89.3% and net income of $190 million ($3.44 per share), a dramatic reversal from the prior-year Q1 net loss of $108 million during the wildfire catastrophe | |
| PGRProgressive Corporation | 7 | +8.7% | Progressive delivered 8.7% revenue growth with extraordinary profitability, maintaining personal auto combined ratios below 90 in nine of the last ten quarters | |
| ROOTRoot, Inc. | 8 | +12.6% | Root delivered its most profitable quarter ever with $36 million in net income and an annualized ROE of 47%, reversing the prior quarter's expectation of lower 2026 net income | |
| TRVThe Travelers Companies, Inc. | 5 | +1.0% | Travelers delivered record underwriting income with a core ROE of 19.7%, generating $1.7 billion in core income as the combined ratio remained excellent at 88.6% despite elevated catastrophe activity | |
| WRBW. R. Berkley Corporation | 6 | +4.0% | Record Net Investment Income Drives Earnings Growth |
Allstate delivered Q1 revenue of $16.9 billion up 3% with adjusted EPS of $10.65 as the underlying combined ratio improved 2.8 points to 80.3% and the recorded combined ratio reached 82% with underwriting income of $2.7 billion
Assurant delivered its strongest first quarter on record, with total revenue up 11% and adjusted EBITDA up 6% and adjusted EPS up 9%, both excluding reportable catastrophes
Non-GAAP operating income surges to $330M from Q1 loss
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| ALL | 8 | 6 | 7 | 7 | 6 | 7 |
| AIZ | 8 | 7 | 7 | 8 | 7 | 8 |
| CB | 6 | 5 | 7 | 8 | 7 | 7 |
| CINF | 9 | 6 | 8 | 8 | 6 | 7 |
| KMPR | 6 | 7 | 5 | 5 | 3 | 2 |
| L | 7 | 5 | 6 | 7 | 7 | 5 |
| LMND | 9 | 8 | 9 | 9 | 9 | 9 |
| MCY | 6 | 6 | 8 | 7 | 7 | 8 |
| PGR | 8 | 8 | 9 | 7 | 7 | 7 |
| ROOT | 9 | 9 | 9 | 7 | 7 | 8 |
| TRV | 8 | 7 | 8 | 8 | 7 | 5 |
| WRB | 9 | 6 | 6 | 7 | 4 | 6 |
CNA reserve charge and higher underlying loss ratio drive earnings decline
Lemonade extended its growth acceleration streak to 10 consecutive quarters with IFP reaching $1.33 billion (+32% YoY), while the QS reinsurance transition propelled revenue up 71% to $258 million and gross profit up 159% to $100 million
Mercury General's Q1 2026 demonstrated the underlying strength of the franchise with a combined ratio of 89.3% and net income of $190 million ($3.44 per share), a dramatic reversal from the prior-year Q1 net loss of $108 million during the wildfire catastrophe
Progressive delivered 8.7% revenue growth with extraordinary profitability, maintaining personal auto combined ratios below 90 in nine of the last ten quarters
Root delivered its most profitable quarter ever with $36 million in net income and an annualized ROE of 47%, reversing the prior quarter's expectation of lower 2026 net income
Travelers delivered record underwriting income with a core ROE of 19.7%, generating $1.7 billion in core income as the combined ratio remained excellent at 88.6% despite elevated catastrophe activity
Record Net Investment Income Drives Earnings Growth