What is Allstate's specialty lines — prior years?

Allstate (ALL) reported specialty lines — prior years of -$19M in Q2 2026.

What does specialty lines — prior years mean?

This metric represents the net favorable or unfavorable development of insurance reserves established for claims occurring in prior reporting periods within the specialty lines segment. It reflects the accuracy of initial loss estimates and the impact of subsequent claim adjustments on current period underwriting results. Investors use this to assess the adequacy of historical reserving practices and the potential for earnings volatility stemming from past underwriting activities.

Allstate (ALL) Specialty lines — Prior years

Screener

Other product segments

Auto

-$648M-50.3%

Homeowners

$66M+120%

Commercial lines

-$11M-222%

Brokered solutions and collateral protection

-$1M—

Similar metrics at other companies

ACGLSpecialty lines — Prior years

-$63M-80.0%

HGCasualty Lines — Prior years

-$300K-115%

KNSLExcess and Surplus Lines Segment — Prior years

-$19.39M-25.6%

ACGLCasualty — Prior years

$20M+150%

GLHealth premium — Prior years

-$3.37M-157%

HGProperty Contracts — Prior years

-$200K+98.7%

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$68.11B+23.7%

Enterprise value$74.76B+20.3%

P/E5.1×-4.4×

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:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense.

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,	Excluding catastrophe losses / 2026	Excluding catastrophe losses / 2025	Catastrophe losses (2) / 2026	Catastrophe losses (2) / 2025	Total / 2026	Total / 2025
Auto	$(639)	$(415)	$(9)	$(16)	$(648)	$(431)
Homeowners	(28)	12	66	18	38	30
Specialty lines	(16)	28	(3)	2	(19)	30
Commercial lines	(8)	7	(3)	2	(11)	9
Brokered solutions and collateral protection	(1)	(10)	—	—	(1)	(10)
Run-off Property-Liability	—	2	—	—	—	2
Total prior year reserve reestimates	$(692)	$(376)	$51	$6	$(641)	$(370)
Six months ended June 30,

Item 1. Financial Statements

FAQ

What is Allstate's specialty lines — prior years?: Allstate (ALL) reported specialty lines — prior years of -$19M in Q2 2026.
What does specialty lines — prior years mean?: This metric represents the net favorable or unfavorable development of insurance reserves established for claims occurring in prior reporting periods within the specialty lines segment. It reflects the accuracy of initial loss estimates and the impact of subsequent claim adjustments on current period underwriting results. Investors use this to assess the adequacy of historical reserving practices and the potential for earnings volatility stemming from past underwriting activities.