Dear Reader,

I hesitated to even send you this.

After what I heard…

After who told me…

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Oil deals. Intelligence circles. Government insiders.

He leaned in and told me something that changed everything I thought I knew about the Iran war.

What you’re seeing on the news?

It’s not the real story.

Not even close.

The strikes… the chaos… the escalation…

It’s all part of something much bigger.

A global deal worth trillions.

And the only reason I know this is because of him — an anonymous contact who risked everything to pass this information along.

I verified it. Cross-checked it. Dug deeper.

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Click here to see the full breakdown before it’s too late.

It’s a coordinated move that could reshape the global economy for decades.

But you need to see it for yourself.

Go here now and uncover the real reason behind the Iran war.

Regards,

Addison Wiggin

Founder, Grey Swan Investment Fraternity

Allstate’s Comeback Is Turning Into a Profit Machine

By Peter Frank. Article Posted: 6/8/2026.

Big insurance companies often post big numbers—sometimes big in a good way, sometimes in a bad one. Just ask Allstate (NYSE: ALL).

Less than four years after reporting massive losses, Allstate has delivered a powerful turnaround, driven by strong underwriting, rising premiums, growing investment income and a higher dividend. Net income applicable to common shareholders rose more than fourfold from a year earlier, and earnings per share topped Wall Street expectations by nearly 50%.

Even so, investors remain cautious. As profitability surges, stockholders still have to weigh one unavoidable risk: a few bad storms can quickly reverse the story.

Allstate Engineered a Convincing Recovery

To understand why Allstate's first-quarter results are so striking, it helps to remember where the company was not long ago. Like many major property and casualty insurers, Allstate spent 2022 and 2023 under pressure. Repair costs for autos and homes surged with inflation, while state regulators pushed back against rapid rate increases. Allstate lost $1.4 billion in 2022 and $316 million in 2023, and its stock fell by about a third to roughly $100 per share.

Allstate responded with the tools available to insurers. It raised rates where it could, pulled back in markets where it could not, and tightened underwriting standards to weed out higher-risk customers. By 2025, the strategy produced $9.3 billion in adjusted net income, up 90% from the prior year, and $67.4 billion in total revenue, an increase of nearly 6%.

Strong Growth Continued Into 2026

The first quarter of 2026 extended that momentum. In the first three months of the year, Allstate earned $2.4 billion in net income, or $10.65 per share, more than $3 above analysts’ expectations. That compared with net income of $566 million in the year-ago quarter. Total revenue climbed 3% to $16.9 billion. Policies in force reached 212 million.

Each of its lines showed improvement. Earned auto insurance premiums rose 2.1% to $9.5 billion, while earned homeowners premiums grew 13.9% to $4.2 billion. As of March 31, Allstate had 25.8 million auto policies, up 2.6%, and 7.7 million homeowners policies in force, an increase of 2.5%.

Although it is the smallest by revenue, the company’s various protection plans and services make up the vast majority of its more than 200 million policies. That segment contributed $922 million in revenue for the quarter, up 7.2% from the year-earlier period.

A Lower Combined Ratio Is Driving Profitability

Beyond growth in the business, the key figure behind these results is the combined ratio. In insurance, this measures how much Allstate pays out in claims and operating expenses for every $100 it collects in premiums. The lower the number, the better. Better underwriting and improved efficiencies can explain much of the improvement, but weather and disasters also have to cooperate.

In the first quarter of 2026, Allstate posted a dramatic improvement in its overall property-liability combined ratio, which fell to 82 from 97.4 a year earlier. That stronger result also boosts the funds it can hold and invest, which is especially helpful in today’s higher-rate environment. Allstate earned $938 million from its investment portfolio in the quarter, up nearly 10% from $854 million a year earlier.

Catastrophe Losses Remain the Biggest Threat

Despite those numbers, Allstate’s stock has remained remarkably flat over the past year, similar to some of its publicly traded competitors such as Travelers (NYSE: TRV) and well ahead of Progressive (NYSE: PGR).

In May, investors were reminded why that is. On May 21, just weeks after Allstate announced its strong first-quarter results and just days after the stock reached a 52-week high, the company disclosed that estimated catastrophe losses in April reached $870 million before taxes, due to 10 separate wind and hail events across the country. About 70% of that total, it said, came from two storms.

Although the company entered storm season from a position of financial strength, no matter how disciplined an insurer's underwriting is, it cannot price away tornado season.

Analysts Still See Moderate Upside

Insurance investors and analysts are well aware that losses are part of the business.

Still, of the 21 analysts following Allstate, 11 rate the company a Buy. Nine suggest Hold and only one recommends Sell. Overall, the average rating is a Moderate Buy, with a 12-month average price target of $241.67, which is comfortably above the stock's current price.

The company also has a consistent dividend record. After a nearly 9% increase in February, Allstate’s quarterly dividend is currently $1.08 per share, continuing its 13% annualized five-year dividend growth.

The Stock's Future Depends on Managing Risk

Whether Allstate deserves a place in a portfolio of financial services stocks depends on the investor. The P&C insurance business is not going to change. It will have great years and bad years, and Allstate appears ready to handle both.

For income investors, the dividend yield is not especially compelling, but the steady increases add appeal. For value investors, whether Allstate has much more room to run remains to be seen. The company’s stock has roughly doubled since its recovery began in mid-2023. How much further it will go, and how fast, may depend on the winds.