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Allstate ALL Auto insurance - liability coverage — Net outstanding liabilities

Other product segments

Homeowners
$4.12B-3.4%
Other personal lines
$2.66B+17.6%
Run-off Property-Liability
$1.33B
Commercial lines
$1.13B-31.5%
Auto insurance - physical damage coverage
$597M
Other business lines
$93M-30.1%
Protection Services
$60M

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$6.66M-23.2%
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CINFPersonal Auto — Total liabilities for loss and ALAE, net of reinsurance
50,100,000,000%+11,200,000,000pp

Other financials

Income statement

See full
Revenue$18.6B+11.8%
Net income$3.3B+55.1%
EPS (diluted)$12.51+61.2%

Balance sheet

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Cash & equivalents$840.0M-15.6%
Total debt$7.5B-7.4%
Total equity$33.7B+40.3%
Total assets$124.76B+7.6%

Cash flow

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Operating cash flow$2.6B+40.6%
CapEx$43.0M
Free cash flow$2.6B+38.3%

Valuation

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Market cap$67.51B+23.9%
Enterprise value$74.17B+20.4%
P/E5.1×-4.3×
P/S+0.1×

Profitability

See full
Net margin18.9%+10.2pp
FCF margin17.5%+4.6pp

Returns & leverage

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Return on equity46%+18.8pp
Debt / equity0.2×-0.1×

Where this comes from

Reported directly by Allstate in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet.

The source filing: Allstate’s 10-K, filed February 20, 2026.

Filed
Feb 19, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000899051-26-000031
($ in millions, except number of reported claims) / Accident yearIncurred claims and allocated claim adjustment expenses, net of recoverables / For the years ended December 31, 2021Incurred claims and allocated claim adjustment expenses, net of recoverables / For the years ended December 31, 2022Incurred claims and allocated claim adjustment expenses, net of recoverables / For the years ended December 31, 2023Incurred claims and allocated claim adjustment expenses, net of recoverables / For the years ended December 31, 2024Incurred claims and allocated claim adjustment expenses, net of recoverables / For the years ended December 31, 2025Prior year reserve reestimatesCumulative number of reported claims (in thousands) / As of December 31, 2025
2021$3,574$7,341$9,157$10,105$10,560
20224,4669,09811,08712,039
20235,0949,87511,905
20245,21110,055
20255,460
Total$50,019
All outstanding liabilities before 2021, net of recoverables1,390
Liabilities for claims and claim adjustment expenses, net of recoverables$21,521

Item 8. Financial Statements and Supplementary Data

FAQ

What is Allstate's auto insurance - liability coverage — net outstanding liabilities?
Allstate (ALL) reported auto insurance - liability coverage — net outstanding liabilities of $21.52B in Q4 2025.
How has Allstate's auto insurance - liability coverage — net outstanding liabilities changed year-over-year?
Allstate's auto insurance - liability coverage — net outstanding liabilities increased by 1.6% year-over-year, from $21.18B to $21.52B.
What does auto insurance - liability coverage — net outstanding liabilities mean?
This represents the total net liability for unpaid claims and adjustment expenses for the auto liability segment at a specific point in time. It is the sum of all reserves for claims that have been reported but not yet paid, plus IBNR. This is a fundamental measure of the company's total future financial obligation for this segment.

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