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Allstate Business Segments

Business, geographic, and product segment breakdowns

Allstate generates $68.2B in annual revenue across 2 key segments: Property Liability ($2.1B), and Corporate and Other ($83.0M). Based on the Q1 2026 filing.

Property Liability (TTM)$2.1BCorporate and Other (TTM)$83.0M
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$54.9B
P/E Ratio4.52
ROE45.26%

Products & Services

Assumed

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident and health insurance$6.5M$10.5M$10.5M$10.5M$10.5M—
Property Liability And Casualty Insurance$88.0M$96.3M$96.3M$96.3M$96.3M—

Assumed Premiums Earned

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident And Health Insurance$2.5M$10.5M$10.5M$10.5M$10.5M—
Property Liability And Casualty Insurance$94.3M$97.3M$97.3M$97.3M$97.3M—

Ceded Life and Annuity Premiums and Contract Charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident and health insurance$12.5M$71.0M$71.0M$71.0M$71.0M—

Direct

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident and health insurance$486.3M$297.0M$297.0M$297.0M$297.0M—
Property Liability And Casualty Insurance$15.1B$16.1B$16.1B$16.1B$16.1B—

Direct Premiums Earned

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident And Health Insurance$421.8M$297.0M$297.0M$297.0M$297.0M—
Property Liability And Casualty Insurance$14.6B$15.6B$15.6B$15.6B$15.6B—

Insurance premiums and contract charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability And Casualty Insurance$14.6B$14.7B$15.0B$15.3B$15.5B$15.6B
Accident and health insurance premiums$482.0M$487.0M$235.0M$110.0M$114.0M$136.0M
Accident And Health Insurance$413.0M$236.5M$236.5M$236.5M$236.5M—

Life and Annuity Premiums and Contract Charges, Net of Reinsurance Ceded

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident and health insurance$480.3M$236.5M$236.5M$236.5M$236.5M—

Percentage of amount assumed to net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident And Health Insurance0.000.010.010.010.01—
Property Liability And Casualty Insurance0.000.000.000.000.00—

Ceded Premiums and Contract Charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident and health insurance premiums and contract charges—$13.0M$10.0M$122.0M—$132.0M

Property-liability insurance premiums earned

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident And Health Insurance$11.3M$71.0M$71.0M$71.0M$71.0M—

Deferred policy acquisition costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All other$63.0M———$86.0M—

1 year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners0.67———0.67—

2 years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners0.25———0.26—

3 years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Auto insurance - physical damage coverage-0.01———-0.01—
Home Owners0.04———0.04—

4 years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Auto insurance - physical damage coverage-0.00———-0.00—
Home Owners0.02———0.02—

5 years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners0.01———0.01—

After 5 years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Auto insurance - liability coverage0.05———0.06—
Auto insurance - physical damage coverage0.01———0.00—
Homeowners0.02———0.01—

All outstanding liabilities before 2021, net of recoverables

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners$132.0M———$153.0M—

Cumulative number of reported claims (in thousands)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners1026000.00———1091000.00—

Cumulative paid claims and allocated claims adjustment expenses, net of recoverables

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners$32.1B———$35.2B—

IBNR reserves plus expected development on reported claims

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners$2.9B———$2.7B—

Incurred claims and allocated claim adjustment expenses, net of recoverables

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners$36.2B———$39.1B—

Net outstanding liabilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners$4.3B———$4.1B—

Prior year reserve reestimates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners-$117.5M-$25.3M-$25.3M-$25.3M-$25.3M—

Total prior year reserve reestimates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Owners-$98.8M$8.5M$8.5M$8.5M$8.5M—

Prior years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Auto-$45.0M-$249.0M-$431.0M-$483.0M-$717.0M-$840.0M
Home Owners-$3.0M-$8.0M$30.0M-$54.0M-$27.0M-$112.0M
Other Personal Lines$54.0M$53.0M$30.0M$72.0M$0.0-$54.0M
Property And Casualty Commercial Insurance Product Line$7.0M-$31.0M$9.0M-$85.0M-$41.0M-$20.0M
Other business lines-$1.0M-$15.0M-$10.0M-$14.0M-$6.0M-$6.0M

Percentage of claims

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Personal other auto coverages—————0.90
Personal auto injury coverage—————0.70

Ceded Premiums Earned

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability And Casualty Insurance$513.0M$543.0M$608.0M$640.0M$606.0M$605.0M

Ceded Premiums Written

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability And Casualty Insurance$550.8M$607.3M$607.3M$607.3M$607.3M—

Premiums Written, Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability And Casualty Insurance$14.7B$15.6B$15.6B$15.6B$15.6B—

Property and casualty insurance claims and claims expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty insurance premiums$9.0B$10.8B$10.2B$8.7B$7.7B$9.2B

Reserve for property and casualty insurance claims and claims expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Run-off Property-Liability$723.0M———$761.0M—

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenues from external customers generated outside the united states$653.0M$707.5M$707.5M$707.5M$707.5M—

Business Segments

Capital and surplus

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident and health insurance$392.0M———$101.0M—
Property and casualty$18.2B———$22.8B—

Net income (loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accident and health insurance$15.3M$25.5M$25.5M$25.5M$25.5M—
Property and casualty$1.0B$2.2B$2.2B$2.2B$2.2B—

Reinsurance and indemnification recoverables, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$8.9B$10.1B$9.6B$9.3B$8.3B$8.2B
Accident and health insurance$37.0M$0.0$43.0M$232.0M$222.0M$229.0M

Accident And Health Insurance Contract Benefits, Net of Reinsurance Recoveries

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits—$333.0M$188.0M$0.0—$0.0

Accident, Health And Other Policy Benefits, Remeasurement (Gain) Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits$310.3M$94.8M$94.8M$94.8M$94.8M—

Adjusted net income (loss) by segment, after-tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other-$106.0M-$97.0M-$94.0M-$87.0M-$84.0M-$59.0M

Amortization of deferred policy acquisition costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits$42.0M$37.0M$6.0M$0.0—$0.0
Corporate And Other$0.0$0.0$0.0$0.0$0.0—

Amortization of purchased intangibles

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Protection Services$11.0M$9.0M$9.0M$10.0M$8.0M$6.0M
Allstate Health and Benefits$11.0M$4.0M$2.0M$0.0—$0.0

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits and Individual Health$171.0M———$44.0M—

Claims and claims expense and accident, health and other policy benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits$310.3M$94.8M$94.8M$94.8M$94.8M—
Allstate Protection and Run-off Property-Liability$9.8B$9.2B$9.2B$9.2B$9.2B—
Corporate And Other$0.0$0.0$0.0$0.0$0.0—

Income Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other-$20.0M-$46.0M-$21.0M$29.0M-$36.0M-$33.0M
Allstate Health and Benefits$13.0M$9.0M$247.0M$216.0M$2.0M$0.0

Net gains (losses) on investments and derivatives

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property-Liability-$185.0M-$329.0M-$190.0M$157.0M—-$328.0M
Corporate and Other$3.0M-$9.0M$46.0M$85.0M—-$70.0M
Protection Services-$18.0M-$10.0M$1.0M$10.0M$3.0M-$7.0M

Net investment income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other$24.0M$22.0M$37.0M$49.0M$52.0M$68.0M
Corporate And Other$22.0M$40.0M$40.0M$40.0M$40.0M—

Operating Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability—$14.2B$13.6B$12.0B—$12.7B
Corporate and Other—$134.0M$154.0M$160.0M—$144.0M
Allstate Health and Benefits—$613.0M$345.0M$0.0—$0.0

Other operating costs and expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits$236.5M$53.5M$53.5M$53.5M$53.5M—
Allstate Protection and Run-off Property-Liability$1.7B$1.9B$1.9B$1.9B$1.9B—
Corporate And Other$128.8M$128.0M$128.0M$128.0M$128.0M—

Other revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability$493.0M$488.0M$504.0M$518.0M$541.0M$544.0M
Corporate and Other$16.0M$15.0M$23.0M$24.0M$19.0M$17.0M

Other segment expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Protection Services$424.0M$309.0M$290.0M$194.0M$0.0$183.0M
Corporate and Other$35.0M$32.0M$45.0M$42.0M$41.0M$33.0M
Allstate Health and Benefits$319.0M$234.0M$149.0M$0.0—$0.0

Premium revenue and contract charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits$480.3M$122.5M$122.5M$122.5M$122.5M—
Allstate Protection and Run-off Property-Liability$13.5B$14.4B$14.4B$14.4B$14.4B—
Corporate And Other$0.0$0.0$0.0$0.0$0.0—

Premiums written (excluding life)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits$411.0M$46.8M$46.8M$46.8M$46.8M—
Allstate Protection and Run-off Property-Liability$14.0B$14.9B$14.9B$14.9B$14.9B—
Corporate And Other$0.0$0.0$0.0$0.0$0.0—

Reserves for claims and claims expense, contract benefits and contractholder funds

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits$269.0M———$0.0—
Allstate Protection and Run-off Property-Liability$40.0B———$39.2B—
Corporate And Other$0.0———$0.0—

Total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Health and Benefits$589.3M$158.5M$158.5M$158.5M$158.5M—
Corporate and Other$146.5M$150.8M$150.8M$150.8M$150.8M—
Protection Services$755.3M$832.3M$832.3M$832.3M$832.3M—

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other$43.0M$28.0M$106.0M$158.0M$16.0M$15.0M

Unearned premiums

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Protection and Run-off Property-Liability$21.5B———$23.5B—
Corporate And Other$0.0———$0.0—

Advertising expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability$659.0M$523.0M$442.0M$575.0M$560.0M$544.0M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other$2.7B$2.4B$4.6B$5.3B$7.6B$10.1B

Deferred policy acquisition costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other$0.0———$0.0—

Insurance premiums and contract charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability$13.9B$14.0B$14.3B$15.1B$14.3B$15.3B

Investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other$2.3B$2.0B$4.0B$5.2B$7.5B$9.2B

Less: Net income attributable to noncontrolling interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty-$38.0M$1.0M-$10.0M-$1.0M-$5.0M$1.0M

Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$9.0B$10.8B$10.2B$8.7B$7.7B$9.2B
Property Liability$749.0M$734.0M$751.0M$741.0M$754.0M$783.0M

Prior years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability$5.0B-$238.0M-$378.0M-$542.0M$6.1B-$1.0B
Property and casualty$0.0-$251.0M-$370.0M-$424.0M-$764.0M-$1.0B

Property and casualty insurance claims and claims expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Protection Services$160.0M$161.0M$170.0M$193.0M$175.0M$199.0M

Restructuring and related charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Protection Services$1.0M$0.0$1.0M$1.0M$2.0M$4.0M

Underwriting income (loss) by segment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Liability$1.8B$364.0M$1.3B$3.0B$4.0B$2.7B

Minimum percentage of premiums to be considered as significant

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Protection0.05———0.05—

Number of states in which entity operates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Protection50.00———50.00—

Premium earned as percentage of consolidated revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allstate Protection0.84———0.85—

Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Other$101.0M$100.0M$100.0M$101.0M$98.0M$98.0M

Less: Preferred stock dividends

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Other$29.0M$29.0M$30.0M$29.0M$29.0M$29.0M

Current year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$9.0B$11.1B$10.6B$9.1B$8.5B$10.2B

Less: recoverables

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$8.6B$9.7B$9.3B$9.0B$8.0B$7.9B

Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$9.7B$10.0B$9.5B$9.4B$8.8B$8.9B

Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$7.5B$4.3B$5.7B$6.2B$6.9B$3.2B

Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$2.2B$5.8B$3.8B$3.2B$1.8B$5.7B

Liability for Unpaid Claims and Claims Adjustment Expense, Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$33.3B$34.1B$34.9B$34.1B$33.1B$33.4B

Net outstanding liabilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$33.3B———$33.1B—

Paid and due from reinsurers and indemnitors

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$285.0M$352.0M$317.0M$294.0M$267.0M$245.0M

Reinsurance Recoverable, Allowance for Credit Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$63.0M$63.0M$63.0M$54.0M$54.0M$55.0M

Reinsurance Recoverable, Allowance for Credit Loss, Period Increase (Decrease)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$1.0M$0.0$0.0$1.0M—$1.0M

Reinsurance Recoverable, Credit Loss Expense (Reversal)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$250.0K$250.0K$250.0K$250.0K$250.0K—

Reserve for property and casualty insurance claims and claims expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$41.9B$43.8B$44.1B$43.1B$41.1B$41.3B

ULAE

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$1.7B———$134.0M—

Write-offs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property and casualty$0.0$0.0$0.0$10.0M$0.0$0.0

Intersegment premiums and service fees

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Protection Services$57.0M$37.0M$36.0M$33.0M$31.0M$31.0M

Non-deferrable commissions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Protection Services—$101.0M—$116.0M—$126.0M