v3.26.3
Reportable Segments (Tables)
 9 Months Ended
Sep. 30, 2026
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
Three months ended September 30,Nine months ended September 30,
($ in millions)2026202520262025
Underwriting income (loss) by segment
Allstate Protection$2,240 $3,040 $6,905 $4,687 
Run-off Property-Liability
(218)(146)(219)(153)
Adjusted net income (loss) by segment, after-tax
Protection Services64 46 164 161 
Allstate Health and Benefits
— — — 43 
Corporate
(43)(87)(150)(278)
Reconciliation of segment performance measures to net income (loss) applicable to common shareholders
Allstate Protection and Run-off Property-Liability net investment income
1,052 873 2,782 2,343 
Net gains (losses) on investments and derivatives(545)252 105 (241)
Pension and other postretirement remeasurement gains (losses)28 108 155 30 
Amortization of purchased intangibles (1)
(8)(13)(24)(37)
(Loss) gain on disposition(1)723 6 1,616 
All other (2)
4 (7)21 (16)
Income tax (expense) benefit on Allstate Protection and Run-off Property-Liability and reconciling items (3)
(522)(1,073)(2,023)(1,803)
Total reconciling items8 863 1,022 1,892 
Less: Net income (loss) attributable to noncontrolling interest (4)
1 (1)3 (10)
Net income applicable to common shareholders$2,050 $3,717 $7,719 $6,362 
(1)Excludes amortization of purchased intangibles in Allstate Protection, which is already included above in underwriting income.
(2)Includes results of the individual health business, which was previously included within the Allstate Health and Benefits segment. Prior period results were recast to reflect the historical results of the individual health business.
(3)The tax computation of the reporting segments and income tax benefit (expense) on reconciling items to net income (loss) are computed discretely based on the tax law of the jurisdictions applicable to the reporting entities.
(4)Reflects net income (loss) attributable to noncontrolling interest in Allstate Protection.
Schedule of Reportable Segments Revenue Information
Reportable segments revenue information
($ in millions)Three months ended September 30,Nine months ended September 30,
2026202520262025
Allstate Protection
Insurance premiums
Auto$9,654 $9,593 $28,845 $28,468 
Homeowners4,325 3,880 12,690 11,308 
Specialty lines839 800 2,481 2,320 
Commercial lines113 99 321 316 
Brokered solutions and collateral protection155 161 469 494 
       Total Allstate Protection insurance premiums15,086 14,533 44,806 42,906 
Other revenue564 518 1,676 1,510 
Total Allstate Protection
15,650 15,051 46,482 44,416 
Run-off Property-Liability
— — — — 
Protection Services
Protection plans592 552 1,748 1,593 
Roadside assistance54 42 150 117 
Protection and insurance products
124 126 375 376 
Intersegment premiums and service fees (1)
43 33 109 106 
Other revenue124 124 364 363 
Net investment income27 25 75 74 
Net gains (losses) on investments and derivatives(18)10 1 1 
Total Protection Services946 912 2,822 2,630 
Allstate Health and Benefits
Employer voluntary benefits— — — 243 
Group health— — — 247 
Other revenue— — — 163 
Net investment income— — — 24 
Net gains (losses) on investments and derivatives— — — (1)
Total Allstate Health and Benefits
— — — 676 
Corporate
Other revenue9 24 38 62 
Net investment income96 49 260 108 
Net gains (losses) on investments and derivatives(54)85 (93)122 
Total Corporate
51 158 205 292 
Reconciliation of revenue
Allstate Protection and Run-off Property-Liability net investment income
1,052 873 2,782 2,343 
Allstate Protection and Run-off Property-Liability net gains (losses) on investments and derivatives
(471)157 200 (362)
All other163 137 503 451 
Intersegment eliminations (1)
(43)(33)(109)(106)
Consolidated revenues$17,348 $17,255 $52,885 $50,340 
(1)Intersegment insurance premiums and service fees are primarily related to Arity and Roadside and are eliminated in the condensed consolidated financial statements.
Schedule of Reportable Segments Expense Information Used in Measure for Segment Profit or Loss
Reportable segments expense information used in measure for segment profit or loss
Three months ended September 30,Nine months ended September 30,
($ in millions)2026202520262025
Allstate Protection
Claims and claims expense excluding catastrophe losses and prior year reserve reestimates (1)
$8,856 $8,304 $26,262 $25,467 
Catastrophe losses1,650 558 4,612 4,750 
Prior year reserve reestimates excluding catastrophes(979)(542)(2,687)(1,158)
Amortization of DAC1,854 1,757 5,515 5,231 
Advertising expense589 575 1,657 1,540 
Amortization of purchased intangibles38 46 115 138 
Restructuring and related charges39 15 46 44 
Other segment expenses (2)
1,363 1,298 4,057 3,717 
Total
13,410 12,011 39,577 39,729 
Run-off Property-Liability
Claims and claims expense prior year reserve reestimates216 146 216 151 
Other segment expenses (2)
2 — 3 2 
Total
218 146 219 153 
Protection Services
Claims and claims expense
208 193 605 524 
Amortization of DAC358 337 1,062 983 
Non-deferrable commissions
127 116 377 327 
Restructuring and related charges1 1 5 2 
Other segment expenses (2)
189 194 558 582 
Income taxes on operations (3)
17 16 51 51 
Total900 857 2,658 2,469 
Allstate Health and Benefits
Accident, health and other policy benefits
— — — 379 
Amortization of DAC— — — 30 
Other segment expenses (2)
— — — 213 
Income taxes on operations (3)
— — — 12 
Total— — — 634 
Corporate
Interest expense97 101 291 301 
Other segment expenses (2)
25 42 91 119 
Income taxes on operations (3)
(3)(12)(22)(60)
Preferred stock dividends
29 29 88 88 
Total$148 $160 $448 $448 
(1)Includes Allstate Protection incurred loss adjustment expenses, net of reinsurance of $862 million and $741 million during the three months ended September 30, 2026 and 2025, respectively, and $2.44 billion and $2.22 billion during the nine months ended September 30, 2026 and 2025, respectively.
(2)Includes employee-related costs, professional services, technology and other operating costs and expenses.
(3)Excludes taxes attributable to items excluded from the segment’s reported measure of profit or loss.
Schedule of Additional Significant Financial Performance Data
Additional significant financial performance data
Three months ended September 30,Nine months ended September 30,
($ in millions)2026202520262025
Amortization of DAC
Allstate Protection
$1,854 $1,757 $5,515 $5,231 
Protection Services358 337 1,062 983 
Allstate Health and Benefits— — — 30 
All other
8 7 23 20 
Consolidated$2,220 $2,101 $6,600 $6,264 
Amortization of purchased intangibles
Allstate Protection
$38 $46 $115 $138 
Protection Services6 10 18 28 
Allstate Health and Benefits— — — 1 
All other
2 3 6 8 
Consolidated$46 $59 $139 $175 
Income tax expense (benefit)
Allstate Protection and Run-off Property-Liability
$535 $817 $2,015 $1,315 
Protection Services12 15 47 44 
Allstate Health and Benefits— 216 — 474 
Corporate
(10)29 (8)(26)
All other
— (2)4 (5)
Consolidated$537 $1,075 $2,058 $1,802 
Schedule of Reportable Segment Total Assets, Investments and Deferred Policy Acquisition Costs
Reportable segments total assets, investments and deferred policy acquisition costs
($ in millions)September 30, 2026December 31, 2025
Assets
Allstate Protection and Run-off Property-Liability
$109,128 $102,801 
Protection Services 8,117 8,372 
Corporate
9,715 7,610 
All other
889 975 
Consolidated$127,849 $119,758 
Investments (1)
Allstate Protection and Run-off Property-Liability
$75,624 $73,222 
Protection Services 2,499 2,312 
Corporate
9,102 7,503 
All other
150 200 
Consolidated$87,375 $83,237 
Deferred policy acquisition costs
Allstate Protection
$2,863 $2,803 
Protection Services 3,243 3,274 
All other107 86 
Consolidated$6,213 $6,163 
(1)The balances reflect the elimination of related-party investments between segments.