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Allstate ALL Protection Services — Amortization of deferred policy acquisition costs

Other segment segments

Allstate Protection and Run-off Property-Liability
$1.82B+5.1%
Allstate Health and Benefits
$0-100%

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$333.2M+6.1%

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:DeferredPolicyAcquisitionCostAmortizationExpense.

The official record: Allstate’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Allstate's protection services — amortization of deferred policy acquisition costs?
Allstate (ALL) reported protection services — amortization of deferred policy acquisition costs of $348M in Q1 2026.
How has Allstate's protection services — amortization of deferred policy acquisition costs changed year-over-year?
Allstate's protection services — amortization of deferred policy acquisition costs increased by 9.4% year-over-year, from $318M to $348M.
What is the long-term trend for Allstate's protection services — amortization of deferred policy acquisition costs?
Over 4 years (2021 to 2025), Allstate's protection services — amortization of deferred policy acquisition costs has grown at a 13.7% compound annual growth rate (CAGR), from $795M to $1.33B.
What does protection services — amortization of deferred policy acquisition costs mean?
This metric represents the systematic expensing of costs incurred to acquire new insurance policies, such as commissions and underwriting expenses, over the life of the policy. It aligns the recognition of acquisition costs with the recognition of related premium revenue. It is a key indicator of the efficiency of the company's sales and marketing efforts.