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Allstate ALL Protection Services — Operating Expenses

Other segment segments

Allstate Protection and Run-off Property-Liability
$12.69B-10.3%
Corporate
$144M+7.5%
Allstate Health and Benefits
$0-100%

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NVTSystems Protection — SG&A
$90.2M+31.7%

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:OperatingExpenses.

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 — operating expenses?
Allstate (ALL) reported protection services — operating expenses of $875M in Q1 2026.
How has Allstate's protection services — operating expenses changed year-over-year?
Allstate's protection services — operating expenses increased by 8.7% year-over-year, from $805M to $875M.
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.