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Allstate ALL Property and casualty — Capital and surplus

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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 us-gaap:StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance.

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)Net income (loss) / 2025Net income (loss) / 2024Net income (loss) / 2023Capital and surplus / 2025Capital and surplus / 2024
Amounts by major business type:
Property and casualty insurance$8,690$4,158$(487)$22,845$18,243
Accident and health insurance1026161101392
Amount per statutory accounting practices$8,792$4,219$(426)$22,946$18,635

Item 8. Financial Statements and Supplementary Data

FAQ

What is Allstate's property and casualty — capital and surplus?
Allstate (ALL) reported property and casualty — capital and surplus of $22.85B in Q4 2025.
How has Allstate's property and casualty — capital and surplus changed year-over-year?
Allstate's property and casualty — capital and surplus increased by 25.2% year-over-year, from $18.24B to $22.85B.
What does property and casualty — capital and surplus mean?
This metric measures the excess of an insurer's assets over its liabilities, representing the financial cushion available to protect policyholders against adverse events. It is a key indicator of the segment's financial strength and its capacity to underwrite new risks. Regulators monitor this closely to ensure the company maintains sufficient solvency margins.

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