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 · 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	0.6%	0.6%	0.7%	0.8%	0.8%
Short Term Investments	4.1%	4.1%	5.0%	4.7%	7.1%
Other Current Assets	4.4%	4.6%	5.9%	6.0%	6.1%
Property,Plant and Equipment	0.5%	0.6%	0.8%	1.0%	0.9%
Goodwill	2.6%	2.9%	3.4%	3.6%	3.5%
Intangible Assets	0.0%	0.7%	1.7%	1.5%	1.1%
Long Term Investments	0.4%	4.1%	5.0%	—	—
Deferred Tax Assets	0.0%	0.2%	0.2%	0.4%	1.3%
Other Noncurrent Assets	4.4%	4.6%	5.9%	6.0%	6.1%
Total Assets	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%
Total Current Liabilities	74.5%	80.9%	82.9%	82.3%	74.7%
Long Term Debt	6.3%	7.2%	7.7%	8.1%	8.0%
Deferred Tax Liabilities	0.2%	1.8%	1.9%	1.8%	0.8%
Total Liabilities	74.5%	80.9%	82.9%	82.3%	74.7%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	3.5%	3.6%	3.7%	3.9%	3.7%
Retained Earnings	52.1%	47.7%	48.1%	52.0%	53.6%
Treasury Stock	31.9%	33.1%	35.9%	37.6%	34.7%
Accumulated Other Comprehensive Income	0.2%	-0.8%	-0.7%	-2.4%	0.7%
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%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

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	3.1%	3.1%	2.7%	2.7%	3.5%
Expenses Depreciation and Amortization	0.2%	0.3%	0.3%	0.4%	0.4%
Expenses Share Based Compensation	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%
Other Income Expense Operating Income	8.6%	4.2%	-0.2%	-1.3%	5.2%
Other Income Expense Interest Income	3.1%	3.1%	2.7%	2.7%	3.5%
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%
net Income net Income	8.6%	4.2%	-0.2%	-1.3%	1.6%
net Income Comprehensive Income	9.5%	4.0%	1.4%	-4.2%	-1.0%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Basic	0.2%	0.2%	0.3%	0.3%	0.3%
Earnings Per Share Weighted Average Shares Diluted	0.2%	0.2%	0.3%	0.3%	0.3%

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	8.6%	4.2%	-0.2%	-1.3%	1.6%
Operating Activities Depreciation and Amortization	0.2%	0.3%	0.3%	0.3%	0.4%
Operating Activities Stock Based Compensation	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%
Operating Activities Changes In Operating Assets and Liabilities	0.3%	0.3%	0.4%	0.6%	1.4%
Operating Activities net Cash From Operating Activities	8.4%	8.0%	4.1%	5.2%	5.1%
Investing Activities Capital Expenditures	0.2%	0.2%	0.3%	0.4%	0.3%
Investing Activities Purchases of Investments	65.8%	41.7%	28.5%	37.7%	34.0%
Investing Activities Proceeds From Sale of Investments	0.7%	1.4%	1.6%	0.7%	2.3%
Investing Activities net Cash From Investing Activities	-6.1%	-7.4%	-2.9%	-1.8%	0.5%
Financing Activities Proceeds From Debt	0.0%	0.4%	0.7%	0.0%	0.0%
Financing Activities Repayment of Debt	0.5%	0.3%	0.7%	0.0%	0.4%
Financing Activities Repurchase of Common Stock	1.0%	0.0%	0.3%	2.6%	3.1%
Financing Activities Dividends Paid	0.9%	0.9%	0.9%	0.9%	0.9%
Financing Activities Proceeds From Stock Issuance	0.1%	0.2%	0.1%	0.1%	0.2%
Financing Activities Other Financing Activities	0.0%	-0.0%	-0.0%	-0.0%	-0.0%
Financing Activities net Cash From Financing Activities	-2.4%	-0.6%	-1.2%	-3.5%	-5.3%
Cash Reconciliation Effect of Exchange Rate On Cash	0.6%	0.6%	0.7%	0.8%	0.8%
Cash Reconciliation net Change In Cash	-0.0%	-0.0%	-0.0%	-0.0%	0.4%
Cash Reconciliation Cash At Beginning of Period	0.6%	0.6%	0.7%	0.8%	0.8%
Cash Reconciliation Cash At End of Period	0.6%	0.6%	0.7%	0.8%	0.8%

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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