Filing Flows › Allstate (ALL) › Q4 2025
Allstate (ALL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Allstate (ALL) reported revenue of $17.3B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.5% from the quarter before. Operating margin was 28.4%, net earnings $3.8B (22.1% of revenue).
Allstate, Q4 2025: revenue $17.3B (+5% year over year), operating margin 28.4%, net earnings $3.8B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.3B | +0.5% | +5% |
| Operating profit | $4.9B | +20% | +101% |
| Net earnings | $3.8B | +2% | +99% |
| Operating cash flow | $3.0B | -9% | +75% |
| Free cash flow | $2.9B | -10% | +75% |
What changed
Revenue was $17.3B in Q4 2025, up 5% year over year and up 1% from the previous quarter.
Operating profit was $4.9B, a 28.4% margin (up 13.5 points year over year). Of the extra revenue versus a year earlier, 295% reached operating profit, above the 15% margin then. Total costs fell 12% while revenue rose 5%. Net earnings were $3.8B, up 99% year over year. The effective tax rate was 22.1%.
Operating cash flow was $3.0B (up 75% year over year), 78% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization. Working capital and other items used $0.95B. Capital expenditures of $0.09B left free cash flow of $2.9B.
Questions
What was Allstate's revenue in the fourth quarter 2025?
Allstate (ALL) reported revenue of $17.3B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.5% from the quarter before.
Was Allstate profitable in the fourth quarter 2025?
Operating profit was $4.9B (28.4% of revenue) and net earnings $3.8B.
Source: Allstate 10-K on SEC EDGAR.