Allstate (ALL) Q3 2025 10-Q Quarterly Report

Filed: Nov 5, 2025Period ending Sep 30, 2025
Financials
Fire, Marine & Casualty InsuranceSEC EDGAR

Allstate (ALL) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Allstate Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $17.26B in Q3 2025, up 3.8% YoY from $16.63B, driven by higher auto and homeowners policies and premium rate increases
  • Operating margin (combined ratio) for Property-Liability improved to 80.1% in Q3 2025 from 96.4% in Q3 2024; loss ratio 58.3% vs 74.9% YoY
  • Best performing segment: Allstate Protection underwriting income $3.04B in Q3 2025 vs $555M YoY; Worst: Protection Services adjusted net income down 20.7% to $46M
  • Investments increased to $82.33B from $72.61B; shareholders’ equity rose to $27.51B from $21.44B Dec 2024; net investment income up 21.2% to $949M Q3
  • Management notes macro risks from tariffs impacting claims costs and premiums; maintains growth strategy focusing on property-liability market share and protection services expansion

Risk Factors

  • No new or changed risk factors from 2024 Form 10-K per Item 1A statement
  • Carried-forward legal risk: ongoing litigation exposure affecting claim reserves
  • Market risk: competitive insurance pricing pressure impacting underwriting margins
  • Operational risk: technology system disruptions potential to delay claims processing
  • Financial risk: reserve adequacy critical for claim payments, sensitive to catastrophe losses

Allstate Q3 2025 Quarterly Financials
XBRL

Revenue

$17.3B

+3.8% YoY +3.7% QoQ

Net Income

$3.7B

+214.8% YoY +77.6% QoQ

Net Margin

21.7%

+1455bp YoY +903bp QoQ

Source: XBRL data from Allstate Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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