Short answer
Allstate (ALL) filed its fiscal 2025 10-K annual report with the SEC on Feb 20, 2026. It reported revenue of $67.7B (+5.6% year over year) and net income of $10.3B.
- Top risk flagged: Regulatory risk Michigan Catastrophic Claims Association (MCCA) unlimited PIP reserves with high severity on limited catastrophic claims
FY2025 key financial metrics · XBRL
- Revenue
- $67.7B
- +5.6% YoY
- Net income
- $10.3B
- +120.3% YoY
- EPS (diluted)
- $38.06
- +124.0% YoY
- ROE
- 33.6%
- +11.8 pp YoY
- Operating cash flow
- $10.1B
- +13.2% YoY
Source: XBRL data from the Allstate (ALL) FY2025 10-K on SEC EDGAR. USD.
Allstate FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model focused on insurance and financial services with equity compensation plans for directors and employees
- Emphasis on comprehensive equity compensation plans including stock options, RSUs, and PSAs totaling 7.62 million securities outstanding
- Strategic governance compliance highlighted by Global Code of Business Conduct and Insider Trading Policy updates for all employees and officers
- Equity compensation plan reserve increased to 8.81 million shares available for future issuance under stockholder-approved plans
- PSA awards measured over three-year performance periods, with 2023 PSA grant partially earned, reflecting performance-based compensation focus
Management Discussion & Analysis
- Profitability measures include underwriting income for Property-Liability and adjusted net income for Protection Services, no % margins provided
- No explicit segment profitability ranking or dollar results detailed for best or worst performing segments
- Management highlights risks from U.S. fiscal/monetary policies, Russia/Ukraine conflict, supply chain, labor shortages impacting operations and liquidity
Risk Factors
- Regulatory risk Michigan Catastrophic Claims Association (MCCA) unlimited PIP reserves with high severity on limited catastrophic claims
- Macroeconomic risk Supply chain disruptions and labor shortages increasing auto repair costs, impacting loss development and reserve variability
- Operational risk Estimation complexity in catastrophe reserves due to delayed inspections and use of satellite, drone data
- Competitive risk Litigation and attorney representation trends influencing injury claim severity, affecting Allstate protection segment loss costs
- Financial risk Reserve reestimates variability up to 19% standard deviation on auto physical damage reserves totaling $564 million
Generated from the filing text; verify against the original. How to read a 10-K
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