Allstate
27 named things its latest annual report says its results depend on, each in the company's own words. 12 of them are also named by other companies we've read.
Partners and platforms
Independent agents
depends on · approximately 58,700 independent agent locationsnamed as a riskIn the U.S., we distribute our products through approximately 58,700 independent agent locationsBusiness (Item 1)
Allstate exclusive agents
depends on · over 27,400 Allstate exclusive agents and licensed sales professionalsnamed as a riskIn the U.S., we offer products through over 27,400 Allstate exclusive agents and licensed sales professionals.Business (Item 1)
National Oceanic and Atmospheric Administration (NOAA)
depends onnamed as a riskRegulatory and federal agency reforms, including potential changes in the role of FEMA in coordinating disaster response, lapses in the authorization or changes in administration of the NFIP and potential discontinuation or disruption to the National Oceanic and Atmospheric Administration’s or the National Center for Atmospheric Research’s weather forecasting and modeling may impact the insurance industry and increase costs.Risk factors (Item 1A)
Also named by IONQ
Other companies
Allstate Protection segment
concentrated in · 93.9% of Allstate’s 2025 consolidated insurance premiums and contract chargesOur Allstate Protection segment accounted for 93.9% of Allstate’s 2025 consolidated insurance premiums and contract charges and 18.1% of Allstate’s December 31, 2025 PIF.Business (Item 1)
Auto insurance
concentrated innamed as a riskSince auto insurance constitutes a significant portion of the overall business, we may be more sensitive than other insurers and more adversely affected by trends that could decrease auto insurance rates or reduce demand for auto insurance over time.Risk factors (Item 1A)
Places
Hazards
Hurricanes, earthquakes and wildfires
insures or lends to · approximately $3.1 billion, net of reinsurancenamed as a riskAs of December 31, 2025, the modeled 1-in-100 probable maximum loss for hurricane, earthquake and wildfire perils is approximately $3.1 billion, net of reinsurance.Business (Item 1)
Asbestos and environmental run-off claims
insures or lends to · 66% of the gross case reservesnamed as a riskChanges in the reserves established for asbestos, environmental and other run-off lines losses have occurred and may continue.Business (Item 1)
Commodities and inputs
Catastrophe reinsurance
depends onnamed as a riskIf we cannot maintain an acceptable level of reinsurance or purchase new reinsurance protection in amounts we consider sufficient at acceptable prices, we would have to either accept an increase in our catastrophe exposure, reduce insurance exposure or seek other alternatives.Risk factors (Item 1A)
Insurance-linked securities (ILS) market
depends onnamed as a riskUnfavorable conditions in the insurance-linked securities (“ILS”) market may increase the cost to use ILS or issue new securities in amounts we consider sufficient at acceptable prices.Risk factors (Item 1A)
Building materials
exposed to its pricenamed as a risk•Homeowners — inflation in the construction industry, building materials and home furnishings, changes in the mix of loss type, changes in building codes and other economic and environmental factors, including short-term supply imbalances for services, supplies in areas affected by catastrophes, labor shortages, labor rates and tariffsRisk factors (Item 1A)
Regulators
Alabama
subject to · five percent or moreThus, any transaction involving the acquisition of ten percent or more of The Allstate Corporation’s common stock would generally require prior approval by the state insurance departments in Alabama (where the threshold is five percent or more of The Allstate Corporation’s common stock), California, Florida, Illinois, Massachusetts, Mississippi, New Jersey, New York, North Carolina and Texas.Business (Item 1)
Illinois
subject tonamed as a riskAllstate Insurance Company is regulated as an insurance company in Illinois, and its ability to pay dividends is restricted by Illinois law.Business (Item 1)
Also named by AEE, AWK, CASY, CINF, DRVN, FPI, NNN, NRP and 4 more
National Association of Insurance Commissioners (NAIC)
subject tonamed as a riskAny increase in the amount of capital or reserves our insurance subsidiaries are required to hold could reduce the amount of future dividends such subsidiaries are able to distribute to the holding company.Business (Item 1)
Also named by ARES, BX, FNF, KKR, MET, OWL, PFG, PGR and 3 more
Federal Emergency Management Agency (FEMA)
named as a riskWe also sell and service NFIP flood policies as an agent of FEMA.Risk factors (Item 1A)
California Insurance Commissioner
subject tonamed as a riskIn January 2025, the California Insurance Commissioner issued a mandatory one-year moratorium on non-renewing or canceling residential insurance coverage in specific zip codes affected by the wildfires.Business (Item 1)
Laws and programs
Michigan Catastrophic Claims Association (MCCA)
subject to · 100% indemnificationnamed as a riskOur largest exposure is associated with the Michigan Catastrophic Claim Association (“MCCA”), a state-mandated indemnification mechanism for qualified Personal Injury Protection losses that exceed a specified level.Risk factors (Item 1A)
Also named by PGR
State insurance rate regulation (prior approval)
subject to · 21 locations for auto and 20 locations for homenamed as a risk•Prior approval — Regulators must approve a rate before the insurer may use it (21 locations for auto and 20 locations for home).Business (Item 1)
California Consumer Privacy Act
subject tonamed as a riskFor example, the California Consumer Privacy Act, as well as similar laws in Virginia, Connecticut, and many other states, impose significant compliance requirements for certain larger businesses in those states.Business (Item 1)
Also named by AAP, AIOT, AKAM, APP, AYI, BAC, BBSI, BBW and 69 more
National Flood Insurance Program (NFIP)
earns fromnamed as a riskDelays in the payment of claims and claim expenses due to authorization or funding freezes, or changes to the administration of the NFIP by the federal government, could result in our customers not receiving payment for qualifying claims, impact the ability to service customer policies or delay the receipt of our fees for services from the NFIP.Risk factors (Item 1A)
California FAIR Plan Association
subject tonamed as a riskAs a condition of maintaining our licenses to write personal property and casualty insurance in various states, we are required to participate in assigned risk plans, reinsurance facilities, and joint underwriting associations that provide various types of insurance coverage to individuals or entities that otherwise are unable to purchase such coverage from private insurers, including the California FAIR Plan Association.Business (Item 1)
Comprehensive Environmental Response Compensation and Liability Act of 1980
subject tonamed as a riskAllstate’s exposure to liability with regard to its insureds that have been, or may be, named as PRPs is uncertain.Business (Item 1)
Tariffs on vehicles and parts
exposed to its pricenamed as a risk•Vehicle physical damage — inflation, supply chain disruptions, labor shortages, labor rates, tariffs impacting vehicle and parts prices, increased repair costs for components that have embedded advanced driver assistance systems such as cameras and sensors, length of claim resolution, delays in the receipt of third-party carrier claims, and a higher mix of total lossesRisk factors (Item 1A)
California Climate Corporate Data Accountability Act
subject toOne of these is the Climate Corporate Data Accountability Act, which requires disclosure and assurance over greenhouse gas emissions using a phased reporting approach.Business (Item 1)
Regulation Best Interest
subject toThe SEC has adopted a comprehensive set of rules and interpretations for broker-dealers and investment advisers, including Regulation Best Interest.Business (Item 1)
Florida Hurricane Catastrophe Fund
subject toWe are a participant in state-based industry pools, facilities or associations, mandating participation by insurers offering certain coverage in their state, including the Michigan Catastrophic Claims Association (“MCCA”), the New Jersey Property-Liability Insurance Guaranty Association, the North Carolina Reinsurance Facility and the Florida Hurricane Catastrophe Fund.Business (Item 1)
Also named by TRV
Technology
Autonomous vehicles and advanced driver assistance systems
named as a riskIncreasing adoption of newer technologies such as advanced driver assistance systems and autonomous vehicles or changes in business models that increase ride or car sharing could disrupt the demand for products, create coverage issues, impact the frequency or severity of losses, or reduce the size of the automobile insurance market causing our auto insurance business to decline.Risk factors (Item 1A)