ALLSTATE CORP
For the period ended Sep 30, 2026. Filed Nov 4, 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.
Sep 30, 2026 · Filed Nov 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Protection Services
Segment Results Protection Services
Protection Services Segment
| Summarized financial information | ||||||
|---|---|---|---|---|---|---|
| ($ in millions) · Three months ended September 30, · Nine months ended September 30, | ||||||
| 2026 · 2025 · 2026 · 2025 | ||||||
| Premiums written | $809 | $749 | $2,305 | $2,139 | ||
| Revenues | ||||||
| Premiums | $770 | $720 | $2,273 | $2,086 | ||
| Other revenue | 124 | 124 | 364 | 363 | ||
| Intersegment insurance premiums and service fees (1) | 43 | 33 | 109 | 106 | ||
| Net investment income | 27 | 25 | 75 | 74 | ||
| Total revenue | 964 | 902 | 2,821 | 2,629 | ||
| Costs and expenses | ||||||
| Claims and claims expense | (208) | (193) | (605) | (524) | ||
| Amortization of DAC | (358) | (337) | (1,062) | (983) | ||
| Operating costs and expenses | (316) | (310) | (935) | (909) | ||
| Restructuring and related charges | (1) | (1) | (5) | (2) | ||
| Income tax expense on operations | (17) | (16) | (51) | (51) | ||
| Less: noncontrolling interest | — | (1) | (1) | (1) | ||
| Adjusted net income | $64 | $46 | $164 | $161 | ||
| Protection Plans | $47 | $34 | $130 | $130 | ||
| Roadside | 14 | 12 | 39 | 34 | ||
| Dealer Services | 7 | 6 | 15 | 14 | ||
| Identity Protection | 2 | 2 | 5 | 5 | ||
| Arity | (6) | (8) | (25) | (22) | ||
| Adjusted net income | $64 | $46 | $164 | $161 | ||
| Policies in force | ||||||
| Protection Plans | 169,823 | 163,451 | ||||
| Roadside | 1,654 | 1,119 | ||||
| Dealer Services | 3,557 | 3,681 | ||||
| Identity Protection | 2,782 | 2,694 | ||||
| Policies in force as of September 30 (in thousands) | 177,816 | 170,945 | ||||
(1)Primarily related to Arity and Roadside and are eliminated in our condensed consolidated financial statements.
Premiums written increased 8.0% or $60 million in the third quarter of 2026 and increased 7.8% or $166 million in the first nine months of 2026 compared to the same periods of 2025, primarily due to continued growth at Protection Plans.
Adjusted net income increased 39.1% or $18 million in the third quarter of 2026 compared to the third quarter of 2025, primarily reflecting improved profitability at Protection Plans driven by higher gross margins and reduced operating expenses. Adjusted net income increased 1.9% or $3 million in the first nine months of 2026 compared to the first nine months of 2025, primarily reflecting growth at Roadside.
PIF increased 4.0% or 7 million as of September 30, 2026 compared to September 30, 2025 due to growth at Protection Plans.
Other revenue remained stable in the third quarter of 2026 and increased 0.3% or $1 million in the first nine months of 2026 compared to the same periods of 2025.
Intersegment premiums and service fees increased 30.3% or $10 million in the third quarter of 2026 and increased 2.8% or $3 million in the first nine months of 2026 compared to the first nine months of 2025, primarily driven by Arity, partially offset by Roadside.
Claims and claims expense increased 7.8% or $15 million in the third quarter of 2026 and increased 15.5% or $81 million in the first nine months of 2026 compared to the same periods of 2025, primarily driven by increased loss costs at Protection Plans.
Amortization of DAC increased 6.2% or $21 million in the third quarter of 2026 and increased 8.0% or $79 million in the first nine months of 2026 compared to the same periods of 2025, driven by growth at Protection Plans.
Operating costs and expenses increased 1.9% or $6 million in the third quarter of 2026 compared to the third quarter of 2025 primarily due to expenses related to growth at Roadside and Arity. Operating costs and expenses increased 2.9% or $26 million in the first nine
58 www.allstate.com
Protection Services Segment Results
months of 2026 compared to the same periods of 2025, primarily due to expenses related to growth at Protection Plans.
Third Quarter 2026 Form 10-Q 59
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