Allstate (ALL) risk factors: FY2025 10-K

1. Property and casualty actual claim costs may exceed current reserves established for claims due to changes in the inflationary, regulatory and litigation environment
2. Increases in the frequency or severity of property and casualty claims may adversely affect our results of operations and financial conditionreworded
3. Catastrophes and severe weather events may subject us to significant losses
4. Limitations in analytical models used to assess and predict the exposure to catastrophe losses may adversely affect the results of operations and financial condition
5. Price competition and changes in regulation and underwriting standards in property and casualty businesses may adversely affect the results of operations and financial condition
6. A regulatory environment that requires rates and products to be approved, can dictate underwriting practices and mandate participation in loss sharing arrangements, may increase the time to market of rate increases, new products or use of advanced technologies and adversely affect results of operations and financial conditionreworded
7. Our investment portfolios are subject to market risk, including interest rate risk and equity price risk, and declines in credit quality which may adversely affect or create volatility in investment income and cause realized and unrealized lossesrewordedInterest rates
8. Determination of the fair value and amount of credit losses for investments includes subjective judgments and could materially impact the results of operations and financial condition
9. Participation in indemnification programs subjects us to the risk that reimbursement for qualifying claims and claims expenses may not be received
10. We may not be able to mitigate the impact associated with changes in capital requirements
11. A downgrade in financial strength ratings may have an adverse effect on our business
12. We operate in markets that are highly competitive
13. Changing consumer preferences may adversely impact the demand for our products which may adversely impact the business
14. Our business may also be adversely impacted by new or changing technologies and new business models affecting the auto insurance industrynew
15. Our competitive position depends on our ability to successfully deploy advanced technologiesnew
16. Transformative Growth strategy may not be effective
17. Our catastrophe management strategy may adversely affect premium growth
18. The ability of our subsidiaries to pay dividends may affect our liquidity and ability to meet our obligations
19. Our ability to pay dividends or repurchase stock is subject to limitations under terms of certain of our securities
20. Insufficient reinsurance capacity or reinsurance at unacceptable prices may limit our ability to profitably write business
21. Reinsurance subjects us to counterparty risk and may not be adequate to protect us against losses arising from ceded insurance
22. Acquisitions or divestitures of businesses may not produce anticipated benefits, resulting in operating difficulties, unforeseen liabilities or asset impairments
23. We may be subject to the risks and costs associated with intellectual property infringement, misappropriation and third-party claims
24. Loss of key vendor relationships, disruptions to the provision of products or services by a vendor, a vendor’s failure to restore critical services after a cybersecurity event, or failure of a vendor to provide and protect reliable data, and proprietary information, or personal information of our customers, claimants or employees could adversely affect our operationsCybersecurity
25. The failure of cyber or other information security controls, could result in a loss or disclosure of confidential information, damage to our reputation, additional costs and impair our ability to conduct business effectivelyCybersecurity
26. Enterprise resilience is critical to the ability to restore business operations following a significant operational eventnew
27. Our ability to attract, develop, and retain talent to maintain appropriate staffing levels and a successful work culture is critical to our success
28. Conditions in the global economy and capital markets could adversely affect the business and results of operations
29. Capital and credit market conditions may significantly affect our ability to meet liquidity needs or obtain credit on acceptable terms
30. Widespread disruptive or destabilizing events may have an adverse effect on our businessnew
31. Losses from changing climate and weather conditions may adversely affect financial condition, profitability or cash flows
32. Our practices relating to environmental and social matters may not meet stakeholders' expectationsnew
33. Evolving privacy and data security regulation and increased focus on enforcement could impact our business, increase costs and any violations could subject us to regulatory fines and reputational impactreworded
34. We are subject to extensive regulation, and uncertainty around the interpretation and implementation of regulations in the U.S. and internationally, and potential further restrictive regulation may increase operating costs and limit growth
35. Regulatory and federal agency reforms may make it more expensive for us to conduct our businessreworded
36. Losses from legal and regulatory actions may be material to the results of operations, cash flows and financial condition
37. Changes in or the application of accounting standards issued by standard-setting bodies and changes in tax laws may adversely affect results of operations and financial condition
38. Misconduct or fraudulent acts by employees, agents and third parties may expose us to financial loss, disruption of business, regulatory assessments and reputational harm

Read these in Item 1A · See the changes

Headings in the FY2024 10-K with no match this year.

1. Our business may also be adversely impacted by new or changing technologies
2. Our ability to successfully deploy new technologies may adversely impact our business
3. A large-scale pandemic, the occurrence of terrorism, military actions, political and social unrest or other disruptive or destabilizing events may have an adverse effect on our business
4. The failure of our or third-party vendors’ business continuity plans to restore operations in a timely manner could result in business disruption and a financial impact
5. Efforts to meet evolving environmental, social, and governance standards may not meet stakeholders' expectations
6. The failure to identify, measure and manage risk effectively, or the failure to restore business operations after a cybersecurity event, could have a material impact on our financial condition or results of operations