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Allstate ALL Protection Services — Deferred policy acquisition costs

Other segment segments

Allstate Protection and Run-off Property-Liability
$2.81B+5.6%

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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:DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired.

The source filing: Allstate’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000899051-26-000118
($ in millions)June 30, 2026December 31, 2025
Corporate9,7747,503
All other193200
Consolidated$87,802$83,237
Deferred policy acquisition costs
Allstate Protection$2,806$2,803
Protection Services3,2323,274
All other10186
Consolidated$6,139$6,163

Item 1. Financial Statements

FAQ

What is Allstate's protection services — deferred policy acquisition costs?
Allstate (ALL) reported protection services — deferred policy acquisition costs of $3.23B in Q2 2026.
How has Allstate's protection services — deferred policy acquisition costs changed year-over-year?
Allstate's protection services — deferred policy acquisition costs increased by 1.1% year-over-year, from $3.2B to $3.23B.
What does protection services — deferred policy acquisition costs mean?
This metric represents the capitalized costs associated with acquiring new insurance policies within the Protection Services segment, such as commissions and underwriting expenses. These costs are deferred and amortized over the life of the policies to match expenses with the related premium revenue. It is a vital indicator of the segment's growth strategy and future profitability expectations.

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