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Allstate ALL Protection Services — Non-deferrable commissions

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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:NonDeferrableCommissions.

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)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Protection Services
Claims and claims expense198170397331
Amortization of DAC356328704646
Non-deferrable commissions124110250211
Restructuring and related charges141
Other segment expenses (2)186180369388
Income taxes on operations (3)19183435
Total8838071,7581,612

Item 1. Financial Statements

FAQ

What is Allstate's protection services — non-deferrable commissions?
Allstate (ALL) reported protection services — non-deferrable commissions of $124M in Q2 2026.
How has Allstate's protection services — non-deferrable commissions changed year-over-year?
Allstate's protection services — non-deferrable commissions increased by 12.7% year-over-year, from $110M to $124M.
What does protection services — non-deferrable commissions mean?
This represents commissions paid to agents or brokers that are expensed immediately rather than being deferred over the life of the policy. These costs are typically associated with specific types of products or renewal structures. Tracking this helps investors understand the immediate impact of sales compensation on the segment's operating expenses.

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