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Allstate ALL Property and casualty insurance premiums — Unearned premiums

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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$61.25B+25.3%
Enterprise value$68.04B+21.8%
P/E5.1×-3.4×
P/S0.9×+0.2×

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:IncreaseDecreaseInUnearnedPremiums.

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 insurance premiums — unearned premiums?
Allstate (ALL) reported property and casualty insurance premiums — unearned premiums of -$492.5M in Q4 2025.
How has Allstate's property and casualty insurance premiums — unearned premiums changed year-over-year?
Allstate's property and casualty insurance premiums — unearned premiums decreased by 7.1% year-over-year, from -$460M to -$492.5M.
What is the long-term trend for Allstate's property and casualty insurance premiums — unearned premiums?
Over 4 years (2021 to 2025), Allstate's property and casualty insurance premiums — unearned premiums has grown at a 11.4% compound annual growth rate (CAGR), from -$1.28B to -$1.97B.
What does property and casualty insurance premiums — unearned premiums mean?
Unearned premiums represent the portion of written insurance premiums that have been collected in advance but have not yet been earned by the insurer because the policy coverage period remains active. This liability reflects the company's obligation to provide coverage or refund premiums if policies are canceled before expiration. It is a critical indicator of future revenue recognition and the scale of the company's active policy portfolio.