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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$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:StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance.

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 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.