Allstate Corp (NYSE: ALL) is a personal property and casualty insurance company that underwrites auto, homeowners, and other personal lines insurance primarily in the United States. Revenue comes from insurance premiums and contract charges, with the Allstate Protection segment accounting for 93.9% of consolidated insurance premiums and contract charges in FY2025. Allstate is the third-largest personal property and casualty insurer in the United States based on 2024 statutory direct premiums written, according to A.M. Best. As of December 31, 2025, the company had 21 million policies in force across its segments. Beyond insurance, Allstate operates Protection Services businesses including consumer product protection plans, roadside assistance, dealer services, identity protection, and automotive telematics through its Arity unit. The company distributes products through exclusive agency, independent agency, and direct channels under the Allstate and National General brands. Allstate employed approximately 53,000 people and managed an investment portfolio of $83.24 billion as of the filing date.

Revenue model

Insurance premiums and contract charges are the primary revenue source, with the Allstate Protection segment generating 93.9% of consolidated insurance premiums and contract charges in FY2025. Additional revenue comes from Protection Services fees, investment income from an $83.24 billion portfolio, and service charges.

Products and services

Private passenger auto insurance, homeowners insurance, specialty auto (motorcycle, trailer, motor home, off-road vehicle), renters, condominium, landlord, boat, umbrella, and manufactured home insurance under Allstate and National General brands. Commercial auto through National General. Consumer product protection plans, roadside assistance, automotive dealership protection products, identity protection services, and telematics and mobility analytics through Arity.

Customers and end markets

Individual consumers purchasing personal lines property and casualty insurance. Auto dealerships purchasing dealer services products. Retailers and mobile operators distributing consumer product protection plans across North America, Europe, and Asia. Insurance companies, mapping and traffic companies, public sector entities, and consumer app developers purchasing telematics data from Arity.

Value-chain role

Direct underwriter and distributor of personal property and casualty insurance. Operates as a risk carrier, pricing risks using proprietary underwriting databases and telematics data. Also acts as a distributor of third-party insurance products through Answer Financial and as a data and analytics provider through Arity.

Geographic exposure

Primarily United States. Consumer product protection plans distributed across North America, Europe, and Asia through the Protection Services segment.

Source: SEC 10-K, filed 2026-02-20

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