Filing Flows › Allstate (ALL) › Q3 2025
Allstate (ALL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Allstate (ALL) reported revenue of $17.3B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +4% from the quarter before. Operating margin was 23.8%, net earnings $3.7B (21.7% of revenue).
Allstate, Q3 2025: revenue $17.3B (+4% year over year), operating margin 23.8%, net earnings $3.7B, operating cash flow $3.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.3B | +4% | +4% |
| Operating profit | $4.1B | +126% | +189% |
| Net earnings | $3.7B | +78% | +215% |
| Operating cash flow | $3.3B | +75% | +3% |
| Free cash flow | $3.2B | +73% | +3% |
What changed
Revenue was $17.3B in Q3 2025, up 4% year over year and up 4% from the previous quarter.
Operating profit was $4.1B, a 23.8% margin (up 15.2 points year over year). Of the extra revenue versus a year earlier, 427% reached operating profit, above the 9% margin then. Total costs fell 13% while revenue rose 4%. Net earnings were $3.7B, up 215% year over year. The effective tax rate was 22.3%.
Operating cash flow was $3.3B (up 3% year over year), 88% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization. Working capital and other items used $0.57B. Capital expenditures of $0.05B left free cash flow of $3.2B.
Questions
What was Allstate's revenue in the third quarter 2025?
Allstate (ALL) reported revenue of $17.3B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +4% from the quarter before.
Was Allstate profitable in the third quarter 2025?
Operating profit was $4.1B (23.8% of revenue) and net earnings $3.7B.
Source: Allstate 10-Q on SEC EDGAR.