How has Allstate's commercial lines — net outstanding liabilities changed year-over-year?

Allstate's commercial lines — net outstanding liabilities decreased by 31.5% year-over-year, from $1.65B to $1.13B.

Allstate (ALL) Commercial lines — Net outstanding liabilities

Screener

Other product segments

Auto insurance - liability coverage

$21.52B—

Homeowners

$4.12B-3.4%

Other personal lines

$2.66B+17.6%

Run-off Property-Liability

$1.33B—

Auto insurance - physical damage coverage

$597M—

Other business lines

$93M-30.1%

Protection Services

$60M—

Similar metrics at other companies

MCYProperty insurance product line, commercial property — Net outstanding liabilities

$245.28M+15.1%

MCYProperty insurance product line, automobile — Net outstanding liabilities

$2.48B+10.8%

MCYProperty insurance product line, homeowners' — Net outstanding liabilities

$530.46M+25.0%

MCYOther Short-duration Insurance Product Line — Net outstanding liabilities

$159.5M+61.2%

CINFCommercial Auto Line — Total liabilities for loss and ALAE, net of reinsurance

100,700,000,000%+13,600,000,000pp

CINFCommercial Casualty Line — Total liabilities for loss and ALAE, net of reinsurance

362,500,000,000%+39,700,000,000pp

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

See full

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

See full

Operating cash flow$2.6B+40.6%

CapEx$43.0M—

Free cash flow$2.6B+38.3%

Valuation

See full

Market cap$67.51B+23.9%

Enterprise value$74.17B+20.4%

P/E5.1×-4.3×

P/S1×+0.1×

Profitability

See full

Net margin18.9%+10.2pp

FCF margin17.5%+4.6pp

Returns & leverage

See full

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)	As of December 31, 2025	As of December 31, 2025
Auto insurance - physical damage coverage	597
Homeowners insurance	4,122
Other personal lines	2,664
Commercial lines	1,133
Other business lines	93
Protection Services	60
Run-off Property-Liability (1)	1,326
ULAE	1,551

Item 8. Financial Statements and Supplementary Data

FAQ

What is Allstate's commercial lines — net outstanding liabilities?: Allstate (ALL) reported commercial lines — net outstanding liabilities of $1.13B in Q4 2025.
How has Allstate's commercial lines — net outstanding liabilities changed year-over-year?: Allstate's commercial lines — net outstanding liabilities decreased by 31.5% year-over-year, from $1.65B to $1.13B.
What does commercial lines — net outstanding liabilities mean?: This metric represents the total net balance of unpaid claims and claims adjustment expenses that the insurer expects to pay in the future for commercial lines. It is calculated by taking the total estimated liability for claims and subtracting any anticipated recoveries from reinsurance. It serves as a measure of the company's long-term financial obligation to policyholders.