Allstate

Financials Property & Casualty Insurance Northbrook, Illinois Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$3.7B
                    3y CAGR +12.3%
                    
                    P48
                    
                    +10.0%
                    
                    Net income
                    FY2025
                
$10.3B
                    Net margin +274.4%
                    
                    P95
                    
                    +120.3%
                    
                    Total assets
                    FY2025
                
$119.8B
                    ROA +8.6%
                    
                    P86
                    
                    +7.3%
                    
                    Operating cash flow
                    FY2025
                
$10.1B
                    FCF margin +263.7%
                    
                    P93
                    
                    +13.2%

19 yrs · FY2007–FY2025 1 quarantined 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

23 accounts · 5 years

Total assets $119.8B

Total liabilities $89.2B

Shareholders equity $30.6B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$678.0M -3.7%	$704.0M -2.5%	$722.0M -1.9%	$736.0M -3.5%	$763.0M
Short Term Investments	$4.9B 7.7%	$4.5B -11.8%	$5.1B 12.6%	$4.6B -35.3%	$7.1B
Other Current Assets	$5.3B 2.2%	$5.1B -15.1%	$6.1B 2.5%	$5.9B -3.0%	$6.1B
Property,Plant and Equipment	$627.0M -6.3%	$669.0M -22.1%	$859.0M -13.0%	$987.0M 5.1%	$939.0M
Goodwill	$3.1B -3.9%	$3.2B -7.3%	$3.5B 0.0%	$3.5B 0.0%	$3.5B
Intangible Assets	$0 -100.0%	$754.0M -58.1%	$1.8B 21.6%	$1.5B 31.0%	$1.1B
Long Term Investments	$466.0M -89.7%	$4.5B -11.8%	$5.1B	—	—
Deferred Tax Assets	$0 -100.0%	$231.0M 5.5%	$219.0M -43.3%	$386.0M -69.0%	$1.2B
Other Noncurrent Assets	$5.3B 2.2%	$5.1B -15.1%	$6.1B 2.5%	$5.9B -3.0%	$6.1B
Total Assets	$119.8B 7.3%	$111.6B 8.0%	$103.4B 5.5%	$98.0B -1.5%	$99.4B
Liabilities
Current Portion of Long Term Debt	$7.5B -7.4%	$8.1B 1.8%	$7.9B -0.3%	$8.0B -0.2%	$8.0B
Total Current Liabilities	$89.2B -1.2%	$90.2B 5.3%	$85.7B 6.4%	$80.6B 8.5%	$74.3B
Long Term Debt	$7.5B -7.4%	$8.1B 1.8%	$7.9B -0.3%	$8.0B -0.2%	$8.0B
Deferred Tax Liabilities	$227.0M -89.0%	$2.1B 7.4%	$1.9B 6.9%	$1.8B 115.5%	$833.0M
Total Liabilities	$89.2B -1.2%	$90.2B 5.3%	$85.7B 6.4%	$80.6B 8.5%	$74.3B
Equity
Common Stock	$9.0M 0.0%	$9.0M 0.0%	$9.0M 0.0%	$9.0M 0.0%	$9.0M
Additional Paid In Capital	$4.2B 3.2%	$4.0B 4.5%	$3.9B 1.7%	$3.8B 1.8%	$3.7B
Retained Earnings	$62.4B 17.1%	$53.3B 7.2%	$49.7B -2.4%	$51.0B -4.4%	$53.3B
Treasury Stock	$38.2B 3.3%	$37.0B -0.3%	$37.1B 0.7%	$36.9B 6.9%	$34.5B
Accumulated Other Comprehensive Income	$255.0M 128.7%	$-889.0M -27.0%	$-700.0M 70.7%	$-2.4B -464.7%	$655.0M
Noncontrolling Interest	$-21.0M 72.0%	$-75.0M 46.4%	$-140.0M -12.0%	$-125.0M -140.4%	$-52.0M
Total Stockholders Equity	$30.6B 42.8%	$21.4B 20.7%	$17.8B 1.7%	$17.5B -30.6%	$25.2B
Total Liabilitiesand Equity	$119.8B 7.3%	$111.6B 8.0%	$103.4B 5.5%	$98.0B -1.5%	$99.4B

Income Statement

Revenue, expense, and profitability

14 accounts · 5 years

Revenue $3.7B

Operating income $10.3B

Net income $10.3B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$3.7B 10.0%	$3.4B 22.0%	$2.8B 5.4%	$2.6B -23.5%	$3.5B
Expenses Depreciation and Amortization	$231.0M -17.5%	$280.0M -14.9%	$329.0M -6.8%	$353.0M -6.1%	$376.0M
Expenses Share Based Compensation	$123.0M -1.6%	$125.0M 71.2%	$73.0M -21.5%	$93.0M -22.5%	$120.0M
Expenses Restructuring and Asset Impairment	$61.0M 0.0%	$61.0M -63.9%	$169.0M 231.4%	$51.0M -70.0%	$170.0M
Other Income Expense Operating Income	$10.3B 120.3%	$4.7B 2582.4%	$-188.0M 85.4%	$-1.3B -124.8%	$5.2B
Other Income Expense Interest Income	$3.7B 10.0%	$3.4B 22.0%	$2.8B 5.4%	$2.6B -23.5%	$3.5B
Other Income Expense Income Before Tax	$13.2B 128.4%	$5.8B 1755.5%	$-348.0M	—	—
Income Tax Income Tax Expense	$2.9B 148.7%	$1.2B 960.7%	$-135.0M 72.3%	$-488.0M -137.8%	$1.3B
net Income net Income	$10.3B 120.3%	$4.7B 2582.4%	$-188.0M 85.4%	$-1.3B -179.9%	$1.6B
net Income Comprehensive Income	$11.4B 155.7%	$4.5B 199.1%	$1.5B 136.6%	$-4.1B -315.3%	$-984.0M
Earnings Per Share Basic Eps	$39 123.9%	$17 1535.0%	$-1 76.7%	$-5 -201.0%	$5
Earnings Per Share Diluted Eps	$38 124.0%	$17 1515.8%	$-1 76.7%	$-5 -202.6%	$5
Earnings Per Share Weighted Average Shares Basic	$263.6M -0.3%	$264.3M 0.7%	$262.5M -3.2%	$271.2M -8.0%	$294.8M
Earnings Per Share Weighted Average Shares Diluted	$267.1M -0.3%	$267.8M 2.0%	$262.5M -3.2%	$271.2M -9.3%	$299.1M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $10.1B

Investing cash flow $-7.3B

Financing cash flow $-2.9B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$10.3B 120.3%	$4.7B 2582.4%	$-188.0M 85.4%	$-1.3B -179.9%	$1.6B
Operating Activities Depreciation and Amortization	$259.0M -18.0%	$316.0M -7.9%	$343.0M 2.4%	$335.0M -18.5%	$411.0M
Operating Activities Stock Based Compensation	$123.0M -1.6%	$125.0M 71.2%	$73.0M -21.5%	$93.0M -22.5%	$120.0M
Operating Activities Deferred Income Taxes	$156.0M 1017.6%	$-17.0M 93.2%	$-249.0M 45.0%	$-453.0M -200.4%	$451.0M
Operating Activities Changes In Operating Assets and Liabilities	$362.0M 3.1%	$351.0M -9.3%	$387.0M -28.5%	$541.0M -60.5%	$1.4B
Operating Activities net Cash From Operating Activities	$10.1B 13.2%	$8.9B 111.2%	$4.2B -17.4%	$5.1B 0.1%	$5.1B
Investing Activities Capital Expenditures	$228.0M 8.6%	$210.0M -21.3%	$267.0M -36.4%	$420.0M 21.7%	$345.0M
Investing Activities Purchases of Investments	$78.8B 69.1%	$46.6B 58.3%	$29.4B -20.3%	$36.9B 9.0%	$33.9B
Investing Activities Proceeds From Sale of Investments	$814.0M -46.1%	$1.5B -8.0%	$1.6B 125.4%	$728.0M -68.1%	$2.3B
Investing Activities net Cash From Investing Activities	$-7.3B 12.1%	$-8.3B -175.2%	$-3.0B -73.6%	$-1.7B -438.8%	$510.0M
Financing Activities Proceeds From Debt	$0 -100.0%	$495.0M -33.4%	$743.0M	$0	$0
Financing Activities Repayment of Debt	$600.0M 71.4%	$350.0M -53.3%	$750.0M	$0 -100.0%	$436.0M
Financing Activities Repurchase of Common Stock	$1.2B 61550.0%	$2.0M -99.4%	$335.0M -86.7%	$2.5B -19.2%	$3.1B
Financing Activities Dividends Paid	$1.0B 7.7%	$962.0M 4.0%	$925.0M -0.1%	$926.0M 4.6%	$885.0M
Financing Activities Proceeds From Stock Issuance	$78.0M -58.7%	$189.0M 83.5%	$103.0M -20.8%	$130.0M -13.9%	$151.0M
Financing Activities Other Financing Activities	$42.0M 362.5%	$-16.0M 67.3%	$-49.0M -40.0%	$-35.0M 0.0%	$-35.0M
Financing Activities net Cash From Financing Activities	$-2.9B -313.3%	$-697.0M 43.9%	$-1.2B 63.7%	$-3.4B 34.7%	$-5.2B
Cash Reconciliation Effect of Exchange Rate On Cash	$678.0M -3.7%	$704.0M -2.5%	$722.0M -1.9%	$736.0M -3.5%	$763.0M
Cash Reconciliation net Change In Cash	$-26.0M -44.4%	$-18.0M -28.6%	$-14.0M 48.1%	$-27.0M -107.0%	$386.0M
Cash Reconciliation Cash At Beginning of Period	$678.0M -3.7%	$704.0M -2.5%	$722.0M -1.9%	$736.0M -3.5%	$763.0M
Cash Reconciliation Cash At End of Period	$678.0M -3.7%	$704.0M -2.5%	$722.0M -1.9%	$736.0M -3.5%	$763.0M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+274.4%	+137.0%	-6.7%	-48.7%	+150.3%
Net margin	+274.4%	+137.0%	-6.7%	-48.7%	+46.6%
FCF margin	+263.7%	+256.0%	+141.9%	+177.5%	+137.7%
Growth
Revenue CAGR (3y)	+12.3%	-0.6%	+17.5%	+11.7%	-0.5%
Returns
ROE	+33.6%	+21.8%	-1.1%	-7.4%	+6.4%
ROA	+8.6%	+4.2%	-0.2%	-1.3%	+1.6%
ROIC	+17.9%	+10.1%	-0.6%	-3.9%	+12.9%
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	—	—	—	—	—
Leverage
D/E	2.91x	4.21x	4.82x	4.61x	2.95x
Interest coverage	—	—	-0.50x	-3.85x	15.78x
Efficiency
Asset turnover	0.03x	0.03x	0.03x	0.03x	0.03x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

ALL $211 · 2025-09-29 · 351d old · FY2025

Market cap $56.4B

P/E 5.49x

P/S 15.06x

P/B 1.84x

EV $70.7B

EV/EBITDA 6.73x

FCF yield +17.5%

Dividend yield +1.8%

Notes

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