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Allstate ALL Property and casualty — ULAE

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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 all:ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustmentsUnallocatedLossAdjustment.

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, 2025As of December 31, 2025
Other personal lines204
Commercial lines231
Other business lines14
Protection Services12
Run-off Property-Liability419
ULAE134
Total recoverables8,012
Gross reserve for property and casualty insurance claims and claims expense$$41,079

Item 8. Financial Statements and Supplementary Data

FAQ

What is Allstate's property and casualty — ULAE?
Allstate (ALL) reported property and casualty — ULAE of $134M in Q4 2025.
How has Allstate's property and casualty — ULAE changed year-over-year?
Allstate's property and casualty — ULAE increased by 235.0% year-over-year, from $40M to $134M.
What does property and casualty — ULAE mean?
This metric represents the estimated costs associated with investigating, adjusting, and settling insurance claims that are not directly attributable to a specific claim. It reflects the operational overhead required to manage the claims lifecycle within the property and casualty segment. Efficient management of these expenses is critical for maintaining overall underwriting profitability.

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