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

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

23 accounts · 10 years

Total assets $119.8B

Total liabilities $89.2B

Shareholders equity $30.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	0.6%	0.6%	0.7%	0.8%	0.8%	0.2%	0.2%	0.4%	0.5%	0.4%
Short Term Investments	4.1%	4.1%	5.0%	4.7%	7.1%	6.2%	3.6%	2.7%	1.7%	3.9%
Other Current Assets	4.4%	4.6%	5.9%	6.0%	6.1%	2.7%	2.9%	2.7%	2.5%	1.7%
Property,Plant and Equipment	0.5%	0.6%	0.8%	1.0%	0.9%	0.8%	1.0%	0.9%	1.0%	1.0%
Goodwill	2.6%	2.9%	3.4%	3.6%	3.5%	2.0%	2.1%	2.3%	1.9%	1.1%
Intangible Assets	0.0%	0.7%	1.7%	1.5%	1.1%	0.6%	0.5%	0.5%	0.4%	0.0%
Long Term Investments	0.4%	4.1%	5.0%	—	—	6.2%	3.6%	2.7%	1.7%	3.9%
Deferred Tax Assets	0.0%	0.2%	0.2%	0.4%	1.3%	0.9%	1.0%	1.0%	0.9%	1.6%
Other Noncurrent Assets	4.4%	4.6%	5.9%	6.0%	6.1%	2.7%	2.9%	2.7%	2.5%	1.7%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Current Portion of Long Term Debt	6.3%	7.2%	7.7%	8.1%	8.0%	6.2%	5.5%	5.7%	5.6%	5.8%
Total Current Liabilities	74.5%	80.9%	82.9%	82.3%	74.7%	76.0%	78.3%	81.0%	79.9%	81.1%
Long Term Debt	6.3%	7.2%	7.7%	8.1%	8.0%	6.2%	5.5%	5.7%	5.6%	5.8%
Deferred Tax Liabilities	0.2%	1.8%	1.9%	1.8%	0.8%	1.1%	2.0%	1.4%	1.6%	2.1%
Total Liabilities	74.5%	80.9%	82.9%	82.3%	74.7%	76.0%	78.3%	81.0%	79.9%	81.1%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	3.5%	3.6%	3.7%	3.9%	3.7%	2.8%	2.9%	2.9%	2.9%	3.0%
Retained Earnings	52.1%	47.7%	48.1%	52.0%	53.6%	41.9%	40.1%	40.7%	38.4%	37.5%
Treasury Stock	31.9%	33.1%	35.9%	37.6%	34.7%	24.9%	24.8%	25.0%	23.1%	22.8%
Accumulated Other Comprehensive Income	0.2%	-0.8%	-0.7%	-2.4%	0.7%	2.6%	1.6%	-1.4%	0.3%	-0.4%
Noncontrolling Interest	-0.0%	-0.1%	-0.1%	-0.1%	-0.1%	—	—	—	—	—
Total Stockholders Equity	25.6%	19.2%	17.2%	17.8%	25.3%	24.0%	21.7%	19.0%	20.1%	18.9%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

14 accounts · 10 years

Revenue $3.7B

Operating income $10.3B

Net income $10.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	3.1%	3.1%	2.7%	2.7%	3.5%	1.4%	1.6%	3.1%	3.2%	3.0%
Expenses Depreciation and Amortization	0.2%	0.3%	0.3%	0.4%	0.4%	0.1%	0.1%	0.1%	0.1%	0.0%
Expenses Share Based Compensation	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
Expenses Restructuring and Asset Impairment	0.1%	0.1%	0.2%	0.1%	0.2%	0.2%	0.0%	0.1%	0.1%	0.0%
Other Income Expense Operating Income	8.6%	4.2%	-0.2%	-1.3%	5.2%	4.3%	3.6%	1.9%	3.2%	1.7%
Other Income Expense Interest Income	3.1%	3.1%	2.7%	2.7%	3.5%	1.4%	1.6%	3.1%	3.2%	3.0%
Other Income Expense Income Before Tax	11.0%	5.2%	-0.3%	—	—	—	—	—	—	—
Income Tax Income Tax Expense	2.4%	1.0%	-0.1%	-0.5%	1.3%	1.1%	0.9%	0.4%	0.9%	0.8%
net Income net Income	8.6%	4.2%	-0.2%	-1.3%	1.6%	4.4%	4.0%	1.9%	3.2%	1.7%
net Income Comprehensive Income	9.5%	4.0%	1.4%	-4.2%	-1.0%	5.5%	5.6%	1.2%	3.4%	2.0%
Earnings Per Share Basic Eps	0.0%	0.0%	-0.0%	-0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	-0.0%	-0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.2%	0.2%	0.3%	0.3%	0.3%	0.2%	0.3%	0.3%	0.3%	0.3%
Earnings Per Share Weighted Average Shares Diluted	0.2%	0.2%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $10.1B

Investing cash flow $-7.3B

Financing cash flow $-2.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	8.6%	4.2%	-0.2%	-1.3%	1.6%	4.4%	4.0%	1.9%	3.2%	1.7%
Operating Activities Depreciation and Amortization	0.2%	0.3%	0.3%	0.3%	0.4%	0.3%	0.3%	0.3%	0.3%	0.2%
Operating Activities Stock Based Compensation	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
Operating Activities Deferred Income Taxes	0.1%	-0.0%	-0.2%	-0.5%	0.5%	-0.1%	0.2%	-0.2%	-0.0%	0.2%
Operating Activities Changes In Operating Assets and Liabilities	0.3%	0.3%	0.4%	0.6%	1.4%	-0.4%	0.0%	-0.8%	0.0%	0.0%
Operating Activities net Cash From Operating Activities	8.4%	8.0%	4.1%	5.2%	5.1%	4.4%	4.3%	4.6%	3.8%	3.7%
Investing Activities Capital Expenditures	0.2%	0.2%	0.3%	0.4%	0.3%	0.2%	0.4%	0.2%	0.3%	0.3%
Investing Activities Purchases of Investments	65.8%	41.7%	28.5%	37.7%	34.0%	30.3%	26.1%	32.9%	27.7%	25.8%
Investing Activities Proceeds From Sale of Investments	0.7%	1.4%	1.6%	0.7%	2.3%	1.8%	2.1%	3.1%	3.7%	4.2%
Investing Activities net Cash From Investing Activities	-6.1%	-7.4%	-2.9%	-1.8%	0.5%	-2.7%	-2.3%	-1.5%	-1.1%	-2.3%
Financing Activities Proceeds From Debt	0.0%	0.4%	0.7%	0.0%	0.0%	0.9%	0.4%	0.4%	0.0%	1.1%
Financing Activities Repayment of Debt	0.5%	0.3%	0.7%	0.0%	0.4%	0.0%	0.3%	0.4%	0.0%	0.0%
Financing Activities Repurchase of Common Stock	1.0%	0.0%	0.3%	2.6%	3.1%	1.4%	1.4%	2.1%	1.3%	1.2%
Financing Activities Dividends Paid	0.9%	0.9%	0.9%	0.9%	0.9%	0.5%	0.5%	0.5%	0.5%	0.4%
Financing Activities Proceeds From Stock Issuance	0.1%	0.2%	0.1%	0.1%	0.2%	0.1%	0.1%	0.1%	0.2%	0.2%
Financing Activities Other Financing Activities	0.0%	-0.0%	-0.0%	-0.0%	-0.0%	0.0%	0.1%	0.1%	-0.1%	0.0%
Financing Activities net Cash From Financing Activities	-2.4%	-0.6%	-1.2%	-3.5%	-5.3%	-1.6%	-2.1%	-3.2%	-2.6%	-1.4%
Cash Reconciliation Effect of Exchange Rate On Cash	0.6%	0.6%	0.7%	0.8%	0.8%	0.2%	0.2%	0.4%	0.5%	—
Cash Reconciliation net Change In Cash	-0.0%	-0.0%	-0.0%	-0.0%	0.4%	0.0%	-0.1%	-0.1%	0.2%	—
Cash Reconciliation Cash At Beginning of Period	0.6%	0.6%	0.7%	0.8%	0.8%	0.2%	0.2%	0.4%	0.5%	—
Cash Reconciliation Cash At End of Period	0.6%	0.6%	0.7%	0.8%	0.8%	0.2%	0.2%	0.4%	0.5%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	+274.4%	+137.0%	-6.7%	-48.7%	+150.3%	+315.1%	+227.7%	+61.5%	+98.4%	+58.4%
Net margin	+274.4%	+137.0%	-6.7%	-48.7%	+46.6%	+323.6%	+255.1%	+61.5%	+98.4%	+58.4%
FCF margin	+263.7%	+256.0%	+141.9%	+177.5%	+137.7%	+300.8%	+247.2%	+139.4%	+111.1%	+114.5%
Growth
Revenue CAGR (3y)	+12.3%	-0.6%	+17.5%	+11.7%	-0.5%	-21.9%	-16.1%	+2.1%	-0.1%	-8.2%
Returns
ROE	+33.6%	+21.8%	-1.1%	-7.4%	+6.4%	+18.5%	+18.6%	+10.1%	+15.8%	+9.1%
ROA	+8.6%	+4.2%	-0.2%	-1.3%	+1.6%	+4.4%	+4.0%	+1.9%	+3.2%	+1.7%
ROIC	+17.9%	+10.1%	-0.6%	-3.9%	+12.9%	+11.9%	+11.1%	+6.4%	+10.3%	+5.7%
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	2.91x	4.21x	4.82x	4.61x	2.95x	3.17x	3.61x	4.27x	3.99x	4.28x
Interest coverage	—	—	-0.50x	-3.85x	15.78x	17.07x	13.23x	6.51x	10.61x	6.36x
Efficiency
Asset turnover	0.03x	0.03x	0.03x	0.03x	0.03x	0.01x	0.02x	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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