ALLSTATE CORP
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 29, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Protection Services
Protection Services Segment Results
Protection Services Segment
| Summarized financial information | ||
|---|---|---|
| ($ in millions) | Three months ended March 31, | |
| 2026 | 2025 | |
| Premiums written | $727 | $657 |
| Revenues | ||
| Premiums | $751 | $671 |
| Other revenue | 117 | 128 |
| Intersegment insurance premiums and service fees (1) | 31 | 37 |
| Net investment income | 23 | 24 |
| Costs and expenses | ||
| Claims and claims expense | (199) | (161) |
| Amortization of DAC | (348) | (318) |
| Operating costs and expenses | (309) | (309) |
| Restructuring and related charges | (4) | — |
| Income tax expense on operations | (15) | (17) |
| Less: noncontrolling interest | — | — |
| Adjusted net income | $47 | $55 |
| Protection Plans | $41 | $45 |
| Roadside | 12 | 11 |
| Dealer Services | 5 | 4 |
| Identity Protection | 1 | 1 |
| Arity | (12) | (6) |
| Adjusted net income | $47 | $55 |
| Policies in force | ||
| Protection Plans | 165,210 | 161,503 |
| Roadside | 1,379 | 867 |
| Dealer Services | 3,628 | 3,690 |
| Identity Protection | 2,752 | 2,648 |
| Policies in force as of March 31 (in thousands) | 172,969 | 168,708 |
(1)Primarily related to Arity and Roadside and are eliminated in our condensed consolidated financial statements.
Premiums written increased 10.7% or $70 million in the first quarter of 2026 compared to the first quarter of 2025, primarily due to continued growth at Protection Plans.
Adjusted net income decreased 14.5% or $8 million in the first quarter of 2026 compared to the first quarter of 2025, primarily due to restructuring charges at Arity and higher claim costs at Protection Plans.
PIF increased 2.5% or 4 million as of March 31, 2026 compared to March 31, 2025 due to growth at Protection Plans.
Other revenue decreased 8.6% or $11 million in the first quarter of 2026 compared to the first quarter of 2025, primarily due to lower lead generation revenue at Arity.
Intersegment premiums and service fees decreased 16.2% or $6 million in the first quarter of
2026 compared to the first quarter of 2025, primarily driven by Arity and Roadside.
Claims and claims expense increased 23.6% or $38 million in the first quarter of 2026 compared to the first quarter of 2025, primarily driven by increased loss costs at Protection Plans.
Amortization of DAC increased 9.4% or $30 million in the first quarter of 2026 compared to the first quarter of 2025, driven by growth at Protection Plans.
Operating costs and expenses remained stable in the first quarter of 2026 compared to the first quarter of 2025.
First Quarter 2026 Form 10-Q 53
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