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Reportable Segments (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segments Financial Performance | A reconciliation of these measures to net income (loss) applicable to common shareholders is provided below.
Reportable segments financial performance
|  | For the years ended December 31,
($ in millions) |  | 2025 |  | 2024 |  | 2023
Underwriting income (loss) by segment |  |  |  |  |  |
Allstate Protection |  | $ | 8,694 |  |  | $ | 3,153 |  |  | $ | (2,090) |
Run-off Property-Liability |  | (154) |  |  | (73) |  |  | (94) |
Adjusted net income (loss) by segment, after-tax |  |  |  |  |  |
Protection Services |  | 218 |  |  | 217 |  |  | 106 |
Allstate Health and Benefits |  | 43 |  |  | 156 |  |  | 195 |
Corporate |  | (362) |  |  | (426) |  |  | (415) |
Reconciliation of segment performance measures to net income (loss) applicable to common shareholders |  |  |  |  |  |
Allstate Protection and Run-off Property-Liability net investment income |  | 3,157 |  |  | 2,810 |  |  | 2,218 |
Net gains (losses) on investments and derivatives |  | (168) |  |  | (225) |  |  | (300) |
Pension and other postretirement remeasurement gains (losses) |  | 35 |  |  | 37 |  |  | (9) |
Amortization of purchased intangibles (1) |  | (48) |  |  | (74) |  |  | (94) |
Gain on disposition |  | 1,616 |  |  | 16 |  |  | 4 |
All other (2) |  | 3 |  |  | 30 |  |  | 47 |
Non-recurring costs (3) |  | — |  |  | — |  |  | (90) |
Income tax (expense) benefit on Allstate Protection and Run-off Property-Liability and reconciling items (4) |  | (2,884) |  |  | (1,138) |  |  | 182 |
Total reconciling items |  | 1,711 |  |  | 1,456 |  |  | 1,958 |
Less: Net loss attributable to noncontrolling interest (5) |  | (15) |  |  | (67) |  |  | (24) |
Net income (loss) applicable to common shareholders |  | $ | 10,165 |  |  | $ | 4,550 |  |  | $ | (316) |
(1)Excludes amortization of purchased intangibles in Allstate Protection, which is already included above in underwriting income. (2)Includes results of the individual health business, which was previously included within the Allstate Health and Benefits segment. Prior period results were recast to reflect the historical results of the individual health business. (3)Relates to settlement costs for non-recurring litigation that is outside of the ordinary course of business. (4)The tax computation of the reporting segments and income tax benefit (expense) on reconciling items to net income (loss) are computed discretely based on the tax law of the jurisdictions applicable to the reporting entities. (5)Reflects net loss attributable to noncontrolling interest in Allstate Protection.
Schedule of Reportable Segments Revenue Information |
Reportable segments revenue information
|  | For the years ended December 31,
($ in millions) |  | 2025 |  | 2024 |  | 2023
Allstate Protection |  |  |  |  |  |
Insurance premiums |  |  |  |  |  |
Auto |  | $ | 38,090 |  |  | $ | 36,475 |  |  | $ | 32,940 |
Homeowners |  | 15,363 |  |  | 13,360 |  |  | 11,739 |
Other personal lines |  | 3,134 |  |  | 2,823 |  |  | 2,387 |
Commercial lines |  | 419 |  |  | 609 |  |  | 811 |
Other business lines |  | 676 |  |  | 599 |  |  | 550 |
Total Allstate Protection insurance premiums |  | 57,682 |  |  | 53,866 |  |  | 48,427 |
Other revenue |  | 2,051 |  |  | 1,895 |  |  | 1,545 |
Total Allstate Protection |  | 59,733 |  |  | 55,761 |  |  | 49,972 |
Run-off Property-Liability |  | — |  |  | — |  |  | — |
Protection Services |  |  |  |  |  |
Protection plans |  | 2,159 |  |  | 1,869 |  |  | 1,540 |
Roadside assistance |  | 160 |  |  | 150 |  |  | 195 |
Protection and insurance products |  | 502 |  |  | 503 |  |  | 508 |
Intersegment premiums and service fees (1) |  | 137 |  |  | 180 |  |  | 138 |
Other revenue |  | 489 |  |  | 441 |  |  | 319 |
Net investment income |  | 99 |  |  | 94 |  |  | 73 |
Net gains (losses) on investments and derivatives |  | 4 |  |  | (14) |  |  | — |
Total Protection Services |  | 3,550 |  |  | 3,223 |  |  | 2,773 |
Allstate Health and Benefits |  |  |  |  |  |
Employer voluntary benefits |  | 243 |  |  | 985 |  |  | 1,001 |
Group health |  | 247 |  |  | 481 |  |  | 440 |
Other revenue |  | 163 |  |  | 327 |  |  | 296 |
Net investment income |  | 24 |  |  | 94 |  |  | 78 |
Net gains (losses) on investments and derivatives |  | (1) |  |  | (4) |  |  | 5 |
Total Allstate Health and Benefits |  | 676 |  |  | 1,883 |  |  | 1,820 |
Corporate |  |  |  |  |  |
Other revenue |  | 81 |  |  | 72 |  |  | 89 |
Net investment income |  | 160 |  |  | 88 |  |  | 105 |
Net gains (losses) on investments and derivatives |  | 67 |  |  | 22 |  |  | (11) |
Total Corporate |  | 308 |  |  | 182 |  |  | 183 |
Reconciliation of revenue |  |  |  |  |  |
Allstate Protection and Run-off Property-Liability net investment income |  | 3,157 |  |  | 2,810 |  |  | 2,218 |
Allstate Protection and Run-off Property-Liability net gains (losses) on investments and derivatives |  | (237) |  |  | (228) |  |  | (292) |
All other |  | 635 |  |  | 655 |  |  | 558 |
Intersegment eliminations (1) |  | (137) |  |  | (180) |  |  | (138) |
Consolidated revenues |  | $ | 67,685 |  |  | $ | 64,106 |  |  | $ | 57,094 |
(1)Intersegment insurance premiums and service fees are primarily related to Arity and Roadside and are eliminated in the consolidated financial statements.
Schedule of Reportable Segments Expense Information Used in Measure for Segment Profit or Loss |
Reportable segments expense information used in measure for segment profit or loss
|  | For the years ended December 31,
($ in millions) |  | 2025 |  | 2024 |  | 2023
Allstate Protection |  |  |  |  |  |
Claims and claims expense excluding catastrophe losses and prior year reserve reestimates (1) |  | $ | 33,628 |  |  | $ | 34,092 |  |  | $ | 34,243 |
Catastrophe losses |  | 4,959 |  |  | 4,964 |  |  | 5,636 |
Non-catastrophe prior year reserve reestimates |  | (1,961) |  |  | (6) |  |  | 485 |
Amortization of DAC |  | 7,003 |  |  | 6,676 |  |  | 6,070 |
Advertising expense |  | 2,100 |  |  | 1,863 |  |  | 638 |
Amortization of purchased intangibles |  | 183 |  |  | 206 |  |  | 235 |
Restructuring and related charges |  | 54 |  |  | 51 |  |  | 142 |
Other segment expenses (2) |  | 5,073 |  |  | 4,762 |  |  | 4,613 |
Total |  | 51,039 |  |  | 52,608 |  |  | 52,062 |
Run-off Property-Liability |  |  |  |  |  |
Claims and claims expense prior year reserve reestimates (3) |  | 151 |  |  | 68 |  |  | 89 |
Other segment expenses (2) |  | 3 |  |  | 5 |  |  | 5 |
Total |  | 154 |  |  | 73 |  |  | 94 |
Protection Services |  |  |  |  |  |
Claims and claims expense |  | 699 |  |  | 641 |  |  | 632 |
Amortization of DAC |  | 1,328 |  |  | 1,217 |  |  | 1,058 |
Non-deferrable commissions |  | 447 |  |  | 343 |  |  | 249 |
Restructuring and related charges |  | 4 |  |  | 2 |  |  | 6 |
Other segment expenses (2) |  | 786 |  |  | 747 |  |  | 640 |
Income taxes on operations |  | 65 |  |  | 71 |  |  | 83 |
Total |  | 3,329 |  |  | 3,021 |  |  | 2,668 |
Allstate Health and Benefits |  |  |  |  |  |
Accident, health and other policy benefits |  | 379 |  |  | 991 |  |  | 888 |
Amortization of DAC |  | 30 |  |  | 119 |  |  | 124 |
Restructuring and related charges |  | — |  |  | 2 |  |  | 6 |
Other segment expenses (2) |  | 213 |  |  | 577 |  |  | 549 |
Income taxes on operations |  | 12 |  |  | 42 |  |  | 53 |
Total |  | 634 |  |  | 1,731 |  |  | 1,620 |
Corporate |  |  |  |  |  |
Interest expense |  | 399 |  |  | 400 |  |  | 379 |
Restructuring and related charges |  | 1 |  |  | 5 |  |  | 13 |
Other segment expenses (2) |  | 160 |  |  | 163 |  |  | 185 |
Income taxes on operations |  | (74) |  |  | (99) |  |  | (99) |
Preferred stock dividends |  | 117 |  |  | 117 |  |  | 128 |
Total |  | $ | 603 |  |  | $ | 586 |  |  | $ | 606 |
(1)Includes Allstate Protection incurred loss adjustment expenses, net of reinsurance of $2.98 billion, $2.89 billion and $2.79 billion for the years ended December 31, 2025, 2024 and 2023, respectively. (2)Includes employee-related costs, professional services, technology and certain other operating costs and expenses. (3)Includes Run-off Property-Liability incurred loss adjustment expenses, net of reinsurance of $28 million, $9 million and $10 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Schedule of Additional Significant Financial Performance Data |
Additional significant financial performance data |  |  |  |  |  |  |  |
|  | For the years ended December 31, |  |
($ in millions) |  | 2025 |  | 2024 |  | 2023 |  |
Amortization of DAC |  |  |  |  |  |  |  |
Allstate Protection |  | $ | 7,003 |  |  | $ | 6,676 |  |  | $ | 6,070 |  |  |
Protection Services |  | 1,328 |  |  | 1,217 |  |  | 1,058 |  |  |
Allstate Health and Benefits |  | 30 |  |  | 119 |  |  | 124 |  |  |
All other |  | 28 |  |  | 27 |  |  | 26 |  |  |
Consolidated |  | $ | 8,389 |  |  | $ | 8,039 |  |  | $ | 7,278 |  |  |
Amortization of purchased intangibles |  |  |  |  |  |  |  |
Allstate Protection |  | $ | 183 |  |  | $ | 206 |  |  | $ | 235 |  |  |
Protection Services |  | 36 |  |  | 47 |  |  | 62 |  |  |
Allstate Health and Benefits |  | 1 |  |  | 10 |  |  | 12 |  |  |
All other |  | $ | 11 |  |  | 17 |  |  | 20 |  |  |
Consolidated |  | $ | 231 |  |  | $ | 280 |  |  | $ | 329 |  |  |
Income tax expense (benefit) |  |  |  |  |  |  |  |
Allstate Protection and Run-off Property-Liability |  | $ | 2,407 |  |  | $ | 1,144 |  |  | $ | (136) |  |  |
Protection Services |  | 57 |  |  | 56 |  |  | 66 |  |  |
Allstate Health and Benefits (1) |  | 474 |  |  | 40 |  |  | 53 |  |  |
Corporate |  | (49) |  |  | (83) |  |  | (122) |  |  |
All other |  | 1 |  |  | 5 |  |  | 4 |  |  |
Consolidated |  | $ | 2,890 |  |  | $ | 1,162 |  |  | $ | (135) |  |  |
(1)Includes income tax expense on the gain on sale of the EVB and group health businesses.
Schedule of Reportable Segment Total Assets, Investments and Deferred Policy Acquisition Costs |
Reportable segment total assets, investments and deferred policy acquisition costs |  |  |  |
|  | As of December 31, |  |  |  |
($ in millions) |  | 2025 |  | 2024 |  |  |  |
Assets |  |  |  |  |  |  |  |
Allstate Protection and Run-off Property-Liability |  | $ | 102,801 |  |  | $ | 96,988 |  |  |  |  |
Protection Services |  | 8,372 |  |  | 7,540 |  |  |  |  |
Allstate Health and Benefits |  | — |  |  | 3,714 |  |  |  |  |
Corporate |  | 7,610 |  |  | 2,727 |  |  |  |  |
All other |  | 975 |  |  | 648 |  |  |  |  |
Consolidated |  | $ | 119,758 |  |  | $ | 111,617 |  |  |  |  |
Investments (1) |  |  |  |  |  |  |  |
Allstate Protection and Run-off Property-Liability |  | $ | 73,222 |  |  | $ | 67,671 |  |  |  |  |
Protection Services |  | 2,312 |  |  | 2,228 |  |  |  |  |
Allstate Health and Benefits (2) |  | — |  |  | 219 |  |  |  |  |
Corporate |  | 7,503 |  |  | 2,332 |  |  |  |  |
All other |  | 200 |  |  | 160 |  |  |  |  |
Consolidated |  | $ | 83,237 |  |  | $ | 72,610 |  |  |  |  |
Deferred policy acquisition costs |  |  |  |  |  |  |  |
Allstate Protection |  | $ | 2,803 |  |  | $ | 2,548 |  |  |  |  |
Protection Services |  | 3,274 |  |  | 3,161 |  |  |  |  |
Allstate Health and Benefits (2) |  | — |  |  | 1 |  |  |  |  |
All other |  | 86 |  |  | 63 |  |  |  |  |
Consolidated |  | $ | 6,163 |  |  | $ | 5,773 |  |  |  |  |
(1)The balances reflect the elimination of related party investments between segments. (2)As of December 31, 2024, $1.91 billion of investments and $521 million of deferred policy acquisition costs were classified as held for sale and not included in the table above.

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