Insurance giant Allstate (NYSE: ALL) will be announcing earnings results this Wednesday afternoon. Here’s what to expect.

Allstate missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $16.63 billion, up 6% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ book value per share estimates and a beat of analysts’ EPS estimates.

Is Allstate a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Allstate’s revenue to be flat year on year at $16.78 billion, slowing from the 14.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $7.54 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Allstate has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.1% on average.

Looking at Allstate’s peers in the property & casualty insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 19.1%, beating analysts’ expectations by 30.8%, and Skyward Specialty Insurance reported revenues up 27.1%, topping estimates by 14.3%. Stewart Information Services traded down 4.1% following the results while Skyward Specialty Insurance was up 1.4%.

Read our full analysis of Stewart Information Services’s results here and Skyward Specialty Insurance’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the property & casualty insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Allstate is down 8.4% during the same time and is heading into earnings with an average analyst price target of $232.40 (compared to the current share price of $191.25).

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