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Allstate ALL Homeowners — Prior year reserve reestimates

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CINFHomeowner — Prior accident years
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KMPRHomeowners — Year 1
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KMPRHomeowners — Year 2
93%+0.6pp
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KMPRHomeowners — Year 3
97.1%+0.5pp
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KMPRHomeowners — Year 4
98.4%+0.1pp

Other financials

Income statement

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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

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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 all:ShortTermDurationInsuranceContractsPriorYearReserveEstimatesIncreaseDecrease.

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$6,318$6,465$6,522$6,563$6,510$(53)$999
20226,5626,5156,4886,51628795
20239,0978,6268,525(101)1,033
20248,6088,657491,091
20258,929819
Total$39,137$(77)
Reconciliation to total prior year reserve reestimates recognized by line
Prior year reserve reestimates for pre-2021 accident years27

Item 8. Financial Statements and Supplementary Data

FAQ

What is Allstate's homeowners — prior year reserve reestimates?
Allstate (ALL) reported homeowners — prior year reserve reestimates of -$25.25M in Q4 2025.
How has Allstate's homeowners — prior year reserve reestimates changed year-over-year?
Allstate's homeowners — prior year reserve reestimates increased by 78.5% year-over-year, from -$117.5M to -$25.25M.
What is the long-term trend for Allstate's homeowners — prior year reserve reestimates?
Over 4 years (2021 to 2025), Allstate's homeowners — prior year reserve reestimates has grown at a -5.9% compound annual growth rate (CAGR), from -$129M to -$101M.
What does homeowners — prior year reserve reestimates mean?
This metric reflects adjustments made to the loss reserves established in previous reporting periods for homeowners insurance. It captures the difference between the initial estimated liability and the updated assessment based on new claims development data.

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