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Allstate ALL Allstate Health and Benefits — Other operating costs and expenses

Other segment segments

Allstate Protection and Run-off Property-Liability
$5.63B
Protection Services
$1.27B+11.9%
Corporate
$512M-0.6%

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CVSHealth Care Benefits — Operating expenses, excluding other segment items
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$1.66B+49.7%
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JXNOther operating expenses
$699.25M-1.0%
Ziff Davis logo
ZDHealth & Wellness — Other
$6.91M+31.1%
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AGOInsurance — Other Expenses
$76.75M+7.0%
Mercury General logo
MCYOther — Other operating expenses
$800K+33.3%

Other financials

Income statement

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Revenue$16.9B+3.0%
Net income$2.5B+313%
EPS (diluted)$9.25+338%

Balance sheet

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Cash & equivalents$697.0M-17.0%
Total debt$7.5B-7.4%
Total equity$31.6B+43.3%
Total assets$123.97B+7.7%

Cash flow

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Operating cash flow$3.6B+81.4%
CapEx$40.0M-56.5%
Free cash flow$3.5B+88.1%

Valuation

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Market cap$59.62B+15.3%
Enterprise value$66.41B+12.6%
P/E4.9×-8.0×
P/S0.9×+0.1×

Profitability

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Net margin17.8%+11.6pp
FCF margin16.9%+3.2pp

Returns & leverage

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Return on equity45.2%+25.4pp
Debt / equity0.2×-0.1×

Where this comes from

Reported directly by Allstate in its filing.

Tagged under the XBRL concept us-gaap:SupplementaryInsuranceInformationOtherOperatingExpense.

The official record: Allstate’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Allstate's allstate health and benefits — other operating costs and expenses?
Allstate (ALL) reported allstate health and benefits — other operating costs and expenses of $53.5M in Q4 2025.
How has Allstate's allstate health and benefits — other operating costs and expenses changed year-over-year?
Allstate's allstate health and benefits — other operating costs and expenses decreased by 63.7% year-over-year, from $147.5M to $53.5M.
What is the long-term trend for Allstate's allstate health and benefits — other operating costs and expenses?
Over 4 years (2021 to 2025), Allstate's allstate health and benefits — other operating costs and expenses has grown at a -28.9% compound annual growth rate (CAGR), from $838M to $214M.
What does allstate health and benefits — other operating costs and expenses mean?
This metric represents the aggregate administrative, general, and overhead expenses incurred by the health and benefits business segment, excluding direct claims and policy acquisition costs. It captures the operational burden of maintaining the segment's infrastructure, including personnel, technology, and corporate support functions. Monitoring this figure is essential for evaluating the operational efficiency and cost-management discipline of the segment.