Allstate (ALL) Protection Services — Net outstanding liabilities

Screener

Other product segments

Auto insurance - liability coverage

$21.52B—

Homeowners

$4.12B-3.4%

Other personal lines

$2.66B+17.6%

Run-off Property-Liability

$1.33B—

Commercial lines

$1.13B-31.5%

Auto insurance - physical damage coverage

$597M—

Other business lines

$93M-30.1%

Similar metrics at other companies

MCYProperty insurance product line, automobile — Net outstanding liabilities

$2.48B+10.8%

MCYProperty insurance product line, homeowners' — Net outstanding liabilities

$530.46M+25.0%

MCYOther Short-duration Insurance Product Line — Net outstanding liabilities

$159.5M+61.2%

MCYProperty insurance product line, commercial property — Net outstanding liabilities

$245.28M+15.1%

GLRECasualty — Gross outstanding liabilities

$272.01M+25.7%

GLREFinancial — Gross outstanding liabilities

$79.68M+24.7%

Other financials

Income statement

See full

Revenue$18.6B+11.8%

Net income$3.3B+55.1%

EPS (diluted)$12.51+61.2%

Balance sheet

See full

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

See full

Operating cash flow$2.6B+40.6%

CapEx$43.0M—

Free cash flow$2.6B+38.3%

Valuation

See full

Market cap$67.51B+23.9%

Enterprise value$74.17B+20.4%

P/E5.1×-4.3×

P/S1×+0.1×

Profitability

See full

Net margin18.9%+10.2pp

FCF margin17.5%+4.6pp

Returns & leverage

See full

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:ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet.

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, 2025	As of December 31, 2025
Other personal lines	2,664
Commercial lines	1,133
Other business lines	93
Protection Services	60
Run-off Property-Liability (1)	1,326
ULAE	1,551
Other	—
Net reserve for property and casualty insurance claims and claims expense	33,067

Item 8. Financial Statements and Supplementary Data

FAQ

What is Allstate's protection services — net outstanding liabilities?: Allstate (ALL) reported protection services — net outstanding liabilities of $60M in Q4 2025.
How has Allstate's protection services — net outstanding liabilities changed year-over-year?: Allstate's protection services — net outstanding liabilities increased by 13.2% year-over-year, from $53M to $60M.
What does protection services — net outstanding liabilities mean?: The total net amount of insurance liabilities, including reserves for unpaid claims and unearned premiums, held by the Protection Services segment. This represents the company's future obligations to policyholders.