Allstate

Balance sheet is solid for a P&C insurer. As of June 30, 2025, investments were $77.4 billion, debt was $8.09 billion, and Allstate shareholders’ equity was $24.0 billion. Book value per share was $82.40 and TTM adjusted ROE was 28.6 percent, reflecting restored earnings power.

The catastrophe reinsurance program meaningfully cushioned Q1 losses. Leverage and liquidity appear appropriate for the risk profile.