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Allstate ALL Protection Services — Operating Expenses

Other segment segments

Allstate Protection and Run-off Property-Liability
$13.48B-0.6%
Corporate
$156M+1.3%
Allstate Health and Benefits
$0-100%

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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:OperatingExpenses.

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
Restructuring and related charges141
Other segment expenses (2)186180369388
Income taxes on operations (3)19183435
Total8838071,7581,612
Allstate Health and Benefits
Accident, health and other policy benefits121379
Amortization of DAC30
Other segment expenses (2)71213

Item 1. Financial Statements

FAQ

What is Allstate's protection services — operating expenses?
Allstate (ALL) reported protection services — operating expenses of $883M in Q2 2026.
How has Allstate's protection services — operating expenses changed year-over-year?
Allstate's protection services — operating expenses increased by 9.4% year-over-year, from $807M to $883M.
What does protection services — operating expenses mean?
This metric aggregates the core costs required to run the Protection Services segment, including personnel, technology, and administrative overhead. It serves as a primary measure of the segment's operational efficiency and cost structure. Tracking this allows investors to evaluate how effectively the segment manages its day-to-day business activities relative to revenue generation.

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