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Allstate ALL Protection Services — Other operating costs and expenses

Other segment segments

Allstate Protection and Run-off Property-Liability
$5.63B
Corporate
$512M-0.6%

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PFGSegment Benefits And Protection — Supplementary Insurance Information Other Operating Expense
$305.28M+3.2%

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:SupplementaryInsuranceInformationOtherOperatingExpense.

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) / SegmentAs of December 31, / DeferredpolicyacquisitioncostsAs of December 31, / Reserves for claims and claims expense, contract benefits and contractholder fundsAs of December 31, / Unearned premiumsFor the years ended December 31, / Premium revenue and contract chargesFor the years ended December 31, / Net investment incomeFor the years ended December 31, / Claims and claims expense and accident, health and other policy benefitsFor the years ended December 31, / Amortization of deferred policy acquisition costsFor the years ended December 31, / Other operating costs and expensesFor the years ended December 31, / Premiums written (excluding life)
Allstate Protection$2,803$39,153$23,464$57,682$36,626$7,003$7,410$59,546
Run-off Property-Liability1,8521513
Allstate Protection and Run-off Property-Liability net investment income (2)$3,157
Protection Services (1)3,274745,6052,958996991,3281,2733,006
Allstate Health and Benefits4902437930214187
Corporate160512
All other8627111456927728336678
Intersegment Eliminations (1)(137)(22)(115)

Item 16. Form 10-K Summary

FAQ

What is Allstate's protection services — other operating costs and expenses?
Allstate (ALL) reported protection services — other operating costs and expenses of $318.25M in Q4 2025.
How has Allstate's protection services — other operating costs and expenses changed year-over-year?
Allstate's protection services — other operating costs and expenses increased by 11.9% year-over-year, from $284.5M to $318.25M.
What is the long-term trend for Allstate's protection services — other operating costs and expenses?
Over 4 years (2021 to 2025), Allstate's protection services — other operating costs and expenses has grown at a 7.9% compound annual growth rate (CAGR), from $938M to $1.27B.
What does protection services — other operating costs and expenses mean?
General administrative, marketing, and operational expenses incurred by the Protection Services segment that are not directly classified as claims or acquisition costs. This captures the overhead required to maintain the segment's infrastructure and agency network.

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