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The Allstate Corporation — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 255.92 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 64.71B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 62.48B | 61.45B | 58.31B | 52.52B | 47.74B | 44.05B |
| Total Interest & Dividend Income | 2.98B | 2.81B | 2.49B | 1.98B | 1.42B | 1.32B |
| Gain (Loss) on Sale of Investments | 975.00M | -168.00M | -225.00M | -300.00M | -1.07B | 1.08B |
| Other Revenue | 3.71B | 3.59B | 3.53B | 2.90B | 3.33B | 4.14B |
| Total Revenue | 70.14B | 67.69B | 64.11B | 57.09B | 51.41B | 50.60B |
| Policy Benefits | 35.72B | 38.11B | 40.98B | 42.14B | 38.31B | 30.38B |
| Policy Acquisition & Underwriting Costs | 8.61B | 8.39B | 8.04B | 7.28B | 6.63B | 6.24B |
| Amortization of Goodwill & Intangibles | 208.00M | 231.00M | 280.00M | 329.00M | 353.00M | 376.00M |
| Selling, General & Administrative | 9.14B | 8.98B | 8.63B | 7.14B | 7.45B | 7.26B |
| Total Operating Expenses | 53.43B | 55.67B | 57.88B | 56.89B | 52.85B | 43.61B |
| Operating Income | 16.71B | 12.01B | 6.22B | 200.00M | -1.44B | 7.00B |
| Interest Expense | -393.00M | -399.00M | -400.00M | -379.00M | -335.00M | -330.00M |
| EBT Excluding Unusual Items | 16.31B | 11.61B | 5.82B | -179.00M | -1.78B | 6.67B |
| Merger & Restructuring Charges | -42.00M | -61.00M | -61.00M | -169.00M | -51.00M | -170.00M |
| Gain (Loss) on Sale of Assets | 713.00M | 1.60B | ||||
| Other Unusual Items | -29.00M | |||||
| Pretax Income | 16.98B | 13.16B | 5.76B | -348.00M | -1.83B | 6.47B |
| Income Tax Expense | 3.68B | 2.89B | 1.16B | -135.00M | -488.00M | 1.29B |
| Earnings From Continuing Ops. | 13.30B | 10.27B | 4.60B | -213.00M | -1.34B | 5.17B |
| Earnings From Discontinued Ops. | -3.59B | |||||
| Net Income to Company | 13.30B | 10.27B | 4.60B | -213.00M | -1.34B | 1.58B |
| Minority Interest in Earnings | 6.00M | 16.00M | 68.00M | 25.00M | 53.00M | 33.00M |
| Net Income | 13.31B | 10.28B | 4.67B | -188.00M | -1.29B | 1.61B |
| Preferred Dividends & Other Adjustments | 117.00M | 117.00M | 117.00M | 128.00M | 105.00M | 114.00M |
| Net Income to Common | 13.19B | 10.16B | 4.55B | -316.00M | -1.39B | 1.50B |
| Shares Outstanding (Basic) | 260.00M | 263.60M | 264.30M | 262.50M | 271.20M | 294.80M |
| Shares Outstanding (Diluted) | 263.35M | 267.10M | 267.80M | 262.50M | 271.20M | 299.10M |
| EPS (Basic) | 50.73 | 38.56 | 17.22 | -1.20 | -5.14 | 5.09 |
| EPS (Diluted) | 50.09 | 38.06 | 16.99 | -1.20 | -5.14 | 5.02 |
| Free Cash Flow | 12.25B | 9.88B | 8.72B | 3.96B | 4.70B | 4.77B |
| Free Cash Flow Per Share | 46.51 | 37.00 | 32.56 | 15.09 | 17.33 | 15.95 |
| Dividend Per Share | 4.16 | 4.00 | 3.68 | 3.56 | 3.40 | 3.24 |
| Operating Margin | 23.82% | 17.75% | 9.71% | 0.35% | -2.81% | 13.82% |
| Profit Margin | 18.80% | 15.02% | 7.10% | -0.55% | -2.71% | 2.96% |
| Free Cash Flow Margin | 17.46% | 14.60% | 13.60% | 6.94% | 9.14% | 9.43% |
| EBITDA | 17.12B | 12.49B | 6.78B | 904.00M | -597.00M | 8.08B |
| EBITDA Margin | 24.40% | 18.46% | 10.57% | 1.58% | -1.16% | 15.97% |
| D&A For EBITDA | 410.00M | 482.00M | 555.00M | 704.00M | 847.00M | 1.09B |
| EBIT | 16.71B | 12.01B | 6.22B | 200.00M | -1.44B | 7.00B |
| EBIT Margin | 23.82% | 17.75% | 9.71% | 0.35% | -2.81% | 13.82% |
| Effective Tax Rate | 21.69% | 21.97% | 20.17% | 19.98% | ||
| Revenue as Reported | 70.14B | 67.69B | 64.11B | 57.09B | 51.41B | 50.60B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 60.81B | 59.12B | 52.75B | 48.87B | 42.48B | 42.14B |
| Investments in Equity & Preferred Securities | 20.13B | 17.24B | 13.72B | 10.79B | 12.68B | 15.08B |
| Policy Loans | 119.00M | 120.00M | 148.00M | |||
| Other Investments | 4.89B | 4.90B | 4.54B | 5.15B | 4.28B | 4.12B |
| Total Investments | 87.24B | 82.76B | 72.41B | 66.45B | 61.15B | 63.12B |
| Cash & Equivalents | 840.00M | 678.00M | 704.00M | 722.00M | 736.00M | 763.00M |
| Reinsurance Recoverable | 7.88B | 8.50B | 8.92B | 8.81B | 9.62B | 10.02B |
| Other Receivables | 13.16B | 12.65B | 11.43B | 10.81B | 10.27B | 10.28B |
| Deferred Policy Acquisition Cost | 6.14B | 6.16B | 5.77B | 5.94B | 5.44B | 4.72B |
| Property, Plant & Equipment | 591.00M | 781.00M | 834.00M | 1.02B | 1.22B | 1.25B |
| Goodwill | 3.12B | 3.12B | 3.25B | 3.50B | 3.50B | 3.50B |
| Other Intangible Assets | 558.00M | 754.00M | 966.00M | 1.18B | 1.42B | |
| Other Current Assets | 132.00M | 147.00M | 3.23B | 124.00M | 110.00M | 84.00M |
| Long-Term Deferred Tax Assets | 231.00M | 219.00M | 382.00M | |||
| Other Long-Term Assets | 5.66B | 4.39B | 4.09B | 4.80B | 4.38B | 4.28B |
| Total Assets | 124.76B | 119.76B | 111.62B | 103.36B | 97.99B | 99.44B |
| Insurance & Annuity Liabilities | 2.23B | 2.20B | 2.18B | |||
| Unpaid Claims | 42.53B | 42.50B | 43.48B | 41.21B | 38.81B | 34.18B |
| Unearned Premiums | 29.39B | 29.08B | 26.91B | 24.71B | 22.30B | 19.84B |
| Current Portion of Long-Term Debt | 555.00M | 551.00M | 601.00M | 351.00M | 750.00M | 2.00M |
| Current Portion of Leases | 67.00M | |||||
| Long-Term Debt | 6.94B | 6.94B | 7.49B | 7.59B | 7.21B | 7.98B |
| Long-Term Leases | 117.00M | 235.00M | 265.00M | 465.00M | ||
| Long-Term Deferred Tax Liabilities | 172.00M | 227.00M | 833.00M | |||
| Other Current Liabilities | 5.00M | 5.00M | 2.11B | 5.00M | 4.00M | 12.00M |
| Other Long-Term Liabilities | 11.48B | 9.51B | 9.19B | 9.04B | 9.15B | 8.53B |
| Total Liabilities | 91.08B | 89.17B | 90.25B | 85.73B | 80.63B | 74.31B |
| Total Preferred Equity | 2.00B | 2.00B | 2.00B | 2.00B | 1.97B | 1.97B |
| Common Stock | 9.00M | 9.00M | 9.00M | 9.00M | 9.00M | 9.00M |
| Additional Paid-In Capital | 4.22B | 4.16B | 4.03B | 3.85B | 3.79B | 3.72B |
| Retained Earnings | 67.50B | 62.39B | 53.29B | 49.72B | 50.97B | 53.29B |
| Treasury Stock | -39.84B | -38.21B | -37.00B | -37.11B | -36.86B | -34.47B |
| Comprehensive Income & Other | -193.00M | 255.00M | -889.00M | -700.00M | -2.39B | 655.00M |
| Total Common Equity | 31.70B | 28.61B | 19.44B | 15.77B | 15.52B | 23.21B |
| Minority Interest | -20.00M | -21.00M | -75.00M | -140.00M | -125.00M | -52.00M |
| Shareholders' Equity | 33.68B | 30.59B | 21.37B | 17.63B | 17.36B | 25.13B |
| Total Liabilities & Equity | 124.76B | 119.76B | 111.62B | 103.36B | 97.99B | 99.44B |
| Filing Date Shares Outstanding | 252.86M | 259.54M | 265.03M | 263.07M | 263.33M | 278.35M |
| Total Common Shares Outstanding | 254.00M | 260.00M | 265.00M | 262.00M | 263.00M | 281.00M |
| Total Debt | 7.50B | 7.67B | 8.32B | 8.21B | 7.96B | 8.44B |
| Net Cash (Debt) | -6.66B | -7.00B | -7.62B | -7.49B | -7.23B | -7.68B |
| Net Cash Per Share | -25.28 | -26.20 | -28.44 | -28.52 | -26.65 | -25.68 |
| Book Value Per Share | 124.79 | 110.03 | 73.36 | 60.19 | 59.00 | 82.59 |
| Tangible Book Value | 28.58B | 24.93B | 15.44B | 11.30B | 10.84B | 18.29B |
| Tangible Book Value Per Share | 112.52 | 95.90 | 58.27 | 43.13 | 41.21 | 65.08 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 13.31B | 10.28B | 4.67B | -188.00M | -1.29B | 1.61B |
| Depreciation & Amortization | 410.00M | 482.00M | 555.00M | 704.00M | 847.00M | 1.09B |
| Gain (Loss) on Sale of Assets | -708.00M | -1.60B | 1.00M | 4.00M | 1.00M | -304.00M |
| Gain (Loss) on Sale of Investments | -1.00B | 90.00M | 210.00M | 212.00M | 1.95B | -1.01B |
| Change in Accounts Receivable | -623.00M | -831.00M | -705.00M | -861.00M | -1.04B | -498.00M |
| Reinsurance Recoverable | 1.96B | 630.00M | -226.00M | 807.00M | 451.00M | -1.57B |
| Change in Unearned Revenue | 1.43B | 2.12B | 2.29B | 2.38B | 2.54B | 1.61B |
| Change in Income Taxes | 1.38B | 583.00M | 753.00M | -229.00M | -715.00M | 353.00M |
| Change in Insurance Reserves / Liabilities | -3.10B | -943.00M | 2.17B | 2.20B | 4.45B | 2.44B |
| Change in Other Net Operating Assets | -127.00M | -362.00M | -351.00M | -387.00M | -541.00M | -1.37B |
| Other Operating Activities | -222.00M | 25.00M | -91.00M | 68.00M | -811.00M | -730.00M |
| Operating Cash Flow | 12.47B | 10.11B | 8.93B | 4.23B | 5.12B | 5.12B |
| Capital Expenditures | -220.00M | -228.00M | -210.00M | -267.00M | -420.00M | -345.00M |
| Sale of Property, Plant & Equipment | 18.00M | 27.00M | 209.00M | |||
| Cash Acquisitions | -13.00M | -3.59B | ||||
| Investment in Securities | -9.42B | -9.95B | -8.09B | -2.69B | -1.58B | 1.75B |
| Investing Cash Flow | -8.54B | -7.25B | -8.25B | -3.00B | -1.73B | 510.00M |
| Long-Term Debt Issued | 495.00M | 743.00M | ||||
| Total Debt Repaid | -600.00M | -600.00M | -350.00M | -750.00M | -436.00M | |
| Net Debt Issued (Repaid) | -600.00M | -600.00M | 145.00M | -7.00M | -436.00M | |
| Issuance of Common Stock | 63.00M | 48.00M | 163.00M | 73.00M | 82.00M | 114.00M |
| Repurchases of Common Stock | -2.46B | -1.23B | -2.00M | -335.00M | -2.52B | -3.12B |
| Issuance of Preferred Stock | 587.00M | |||||
| Repurchases of Preferred Stock | -575.00M | -450.00M | ||||
| Common Dividends Paid | -1.07B | -1.04B | -962.00M | -925.00M | -926.00M | -885.00M |
| Preferred Dividends Paid | -117.00M | -117.00M | -117.00M | -107.00M | -105.00M | -114.00M |
| Total Dividends Paid | -1.19B | -1.15B | -1.08B | -1.03B | -1.03B | -999.00M |
| Other Financing Activities | 8.00M | 42.00M | -16.00M | -49.00M | -35.00M | -35.00M |
| Financing Cash Flow | -4.17B | -2.88B | -697.00M | -1.24B | -3.42B | -5.24B |
| Net Cash Flow | -155.00M | -26.00M | -18.00M | -14.00M | -27.00M | 386.00M |
| Free Cash Flow | 12.25B | 9.88B | 8.72B | 3.96B | 4.70B | 4.77B |
| Free Cash Flow Margin | 17.46% | 14.60% | 13.60% | 6.94% | 9.14% | 9.43% |
| Free Cash Flow Per Share | 46.51 | 37.00 | 32.56 | 15.09 | 17.33 | 15.95 |
| Levered Free Cash Flow | 15.16B | 8.92B | 7.45B | 4.06B | 5.82B | 21.41B |
| Unlevered Free Cash Flow | 15.40B | 9.17B | 7.70B | 4.29B | 6.03B | 21.61B |
| Cash Interest Paid | 395.00M | 395.00M | 395.00M | 355.00M | 323.00M | 321.00M |
| Cash Income Tax Paid | 2.15B | 2.15B | 276.00M | -45.00M | 95.00M | 1.05B |
| Change in Working Capital | 687.00M | 832.00M | 3.59B | 3.43B | 4.43B | 345.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 65.71B | 54.47B | 51.05B | 36.63B | 35.96B | 33.73B |
| Enterprise Value | 72.37B | 63.61B | 60.29B | 45.57B | 45.00B | 42.97B |
| PE Ratio | 5.19 | 5.36 | 11.22 | 22.48 | ||
| PS Ratio | 0.94 | 0.81 | 0.80 | 0.64 | 0.70 | 0.67 |
| PB Ratio | 2.08 | 1.78 | 2.39 | 2.08 | 2.07 | 1.34 |
| P/FCF Ratio | 5.36 | 5.51 | 5.85 | 9.25 | 7.65 | 7.07 |
| P/OCF Ratio | 5.27 | 5.39 | 5.72 | 8.66 | 7.02 | 6.59 |
| EV/Sales Ratio | 1.03 | 0.94 | 0.94 | 0.80 | 0.88 | 0.85 |
| EV/EBITDA Ratio | 4.23 | 5.09 | 8.90 | 50.41 | 5.32 | |
| EV/EBIT Ratio | 4.33 | 5.29 | 9.69 | 227.87 | 6.14 | |
| EV/FCF Ratio | 5.91 | 6.44 | 6.91 | 11.51 | 9.57 | 9.01 |
| Debt / Equity Ratio | 0.22 | 0.25 | 0.39 | 0.47 | 0.46 | 0.34 |
| Debt / EBITDA Ratio | 0.44 | 0.61 | 1.21 | 8.16 | 1.02 | |
| Debt / FCF Ratio | 0.61 | 0.78 | 0.95 | 2.07 | 1.69 | 1.77 |
| Net Debt / Equity Ratio | 0.20 | 0.23 | 0.36 | 0.42 | 0.42 | 0.31 |
| Net Debt / EBITDA Ratio | 0.39 | 0.56 | 1.12 | 8.28 | -12.11 | 0.95 |
| Net Debt / FCF Ratio | 0.54 | 0.71 | 0.87 | 1.89 | 1.54 | 1.61 |
| Quick Ratio | 0.24 | 0.24 | 0.22 | 0.24 | 0.23 | 0.24 |
| Current Ratio | 0.36 | 0.37 | 0.39 | 0.38 | 0.39 | 0.44 |
| Asset Turnover | 0.58 | 0.58 | 0.60 | 0.57 | 0.52 | 0.45 |
| Return on Equity (ROE) | 46.11% | 39.52% | 23.59% | -1.22% | -6.32% | 18.70% |
| Return on Assets (ROA) | 8.68% | 6.49% | 3.62% | 0.12% | -0.91% | 3.88% |
| Return on Invested Capital (ROIC) | 32.60% | 27.59% | 17.89% | 0.78% | -4.90% | 15.52% |
| Earnings Yield | 19.28% | 18.88% | 9.14% | -0.51% | -3.58% | 4.78% |
| FCF Yield | 18.64% | 18.14% | 17.08% | 10.81% | 13.07% | 14.15% |
| Dividend Yield | 1.66% | 1.91% | 1.91% | 2.55% | 2.49% | 2.70% |
| Payout Ratio | 8.62% | 11.21% | 23.12% | 61.90% | ||
| Buyback Yield / Dilution | 1.96% | 0.26% | -2.02% | 3.21% | 9.33% | 5.20% |
| Total Shareholder Return | 3.62% | 2.17% | -0.11% | 5.75% | 11.81% | 7.90% |