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 revenue.

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	18.1%	20.7%	25.9%	27.8%	22.0%	18.0%	14.4%	14.2%	17.1%	13.6%
Short Term Investments	130.4%	133.2%	184.2%	172.4%	203.8%	452.7%	224.2%	86.1%	53.8%	133.5%
Other Current Assets	140.2%	150.9%	216.7%	222.9%	175.7%	199.0%	186.0%	85.6%	78.5%	57.1%
Property,Plant and Equipment	16.7%	19.6%	30.8%	37.3%	27.1%	61.3%	60.3%	29.7%	29.7%	33.1%
Goodwill	83.2%	95.2%	125.4%	132.2%	101.1%	147.6%	133.9%	72.0%	60.4%	37.9%
Intangible Assets	0.0%	22.1%	64.5%	55.9%	32.6%	43.6%	33.3%	16.3%	12.9%	0.0%
Long Term Investments	12.4%	133.2%	184.2%	—	—	452.7%	224.2%	86.1%	53.8%	133.5%
Deferred Tax Assets	0.0%	6.8%	7.8%	14.6%	36.0%	67.6%	62.8%	32.7%	26.8%	54.9%
Other Noncurrent Assets	140.2%	150.9%	216.7%	222.9%	175.7%	199.0%	186.0%	85.6%	78.5%	57.1%
Total Assets	3196.1%	3276.1%	3702.1%	3697.9%	2870.7%	7312.1%	6313.2%	3194.3%	3111.6%	3380.3%
Liabilities
Current Portion of Long Term Debt	199.9%	237.3%	284.5%	300.6%	230.3%	454.1%	349.0%	183.6%	175.8%	197.5%
Total Current Liabilities	2379.7%	2649.0%	3070.6%	3042.9%	2145.3%	5558.3%	4944.8%	2587.8%	2487.4%	2740.0%
Long Term Debt	199.9%	237.3%	284.5%	300.6%	230.3%	454.1%	349.0%	183.6%	175.8%	197.5%
Deferred Tax Liabilities	6.1%	60.4%	68.7%	67.8%	24.0%	78.6%	123.5%	44.8%	48.4%	70.1%
Total Liabilities	2379.7%	2649.0%	3070.6%	3042.9%	2145.3%	5558.3%	4944.8%	2587.8%	2487.4%	2740.0%
Equity
Common Stock	0.2%	0.3%	0.3%	0.3%	0.3%	0.5%	0.5%	0.3%	0.2%	0.3%
Additional Paid In Capital	111.0%	118.3%	138.0%	143.0%	107.4%	203.0%	182.3%	94.2%	91.7%	102.8%
Retained Earnings	1665.1%	1564.1%	1780.7%	1923.5%	1538.5%	3062.5%	2530.2%	1300.7%	1194.6%	1266.0%
Treasury Stock	1019.6%	1085.9%	1329.2%	1391.4%	995.1%	1818.4%	1565.6%	799.2%	719.1%	770.0%
Accumulated Other Comprehensive Income	6.8%	-26.1%	-25.1%	-90.2%	18.9%	191.8%	102.6%	-44.3%	8.5%	-12.9%
Noncontrolling Interest	-0.6%	-2.2%	-5.0%	-4.7%	-1.5%	—	—	—	—	—
Total Stockholders Equity	816.9%	629.4%	636.5%	659.7%	726.9%	1753.7%	1368.3%	606.5%	624.2%	640.3%
Total Liabilitiesand Equity	3196.1%	3276.1%	3702.1%	3697.9%	2870.7%	7312.1%	6313.2%	3194.3%	3111.6%	3380.3%

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	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Depreciation and Amortization	6.2%	8.2%	11.8%	13.3%	10.9%	6.8%	6.6%	3.0%	2.7%	1.0%
Expenses Share Based Compensation	3.3%	3.7%	2.6%	3.5%	3.5%	7.2%	5.5%	3.6%	2.9%	2.5%
Expenses Restructuring and Asset Impairment	1.6%	1.8%	6.1%	1.9%	4.9%	14.7%	2.1%	1.9%	2.7%	0.9%
Other Income Expense Operating Income	274.4%	137.0%	-6.7%	-48.7%	150.3%	315.1%	227.7%	61.5%	98.4%	58.4%
Other Income Expense Interest Income	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Other Income Expense Income Before Tax	351.1%	169.1%	-12.5%	—	—	—	—	—	—	—
Income Tax Income Tax Expense	77.1%	34.1%	-4.8%	-18.4%	37.3%	79.7%	58.7%	13.3%	27.5%	27.3%
net Income net Income	274.4%	137.0%	-6.7%	-48.7%	46.6%	323.6%	255.1%	61.5%	98.4%	58.4%
net Income Comprehensive Income	304.9%	131.1%	53.5%	-154.3%	-28.4%	402.2%	351.5%	37.0%	107.0%	69.0%
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	7.0%	7.8%	9.4%	10.2%	8.5%	18.1%	17.3%	9.9%	10.0%	11.6%
Earnings Per Share Weighted Average Shares Diluted	7.1%	7.9%	9.4%	10.2%	8.6%	18.3%	17.6%	10.1%	10.2%	11.7%

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	274.4%	137.0%	-6.7%	-48.7%	46.6%	323.6%	255.1%	61.5%	98.4%	58.4%
Operating Activities Depreciation and Amortization	6.9%	9.3%	12.3%	12.6%	11.9%	20.5%	17.2%	8.5%	8.0%	8.3%
Operating Activities Stock Based Compensation	3.3%	3.7%	2.6%	3.5%	3.5%	7.2%	5.5%	3.6%	2.9%	2.5%
Operating Activities Deferred Income Taxes	4.2%	-0.5%	-8.9%	-17.1%	13.0%	-6.2%	10.4%	-6.7%	-0.6%	6.9%
Operating Activities Changes In Operating Assets and Liabilities	9.7%	10.3%	13.9%	20.4%	39.5%	-26.5%	2.6%	-24.3%	0.4%	0.5%
Operating Activities net Cash From Operating Activities	269.8%	262.1%	151.4%	193.3%	147.7%	318.7%	269.9%	147.3%	119.4%	124.3%
Investing Activities Capital Expenditures	6.1%	6.2%	9.6%	15.9%	10.0%	17.9%	22.8%	7.9%	8.3%	9.7%
Investing Activities Purchases of Investments	2102.6%	1367.5%	1054.1%	1393.7%	977.4%	2212.5%	1648.3%	1051.8%	862.0%	871.1%
Investing Activities Proceeds From Sale of Investments	21.7%	44.3%	58.8%	27.5%	65.9%	129.7%	135.3%	98.6%	116.1%	141.1%
Investing Activities net Cash From Investing Activities	-193.6%	-242.2%	-107.4%	-65.2%	14.7%	-199.7%	-147.7%	-48.9%	-33.5%	-78.6%
Financing Activities Proceeds From Debt	0.0%	14.5%	26.6%	0.0%	0.0%	69.0%	25.8%	14.2%	0.0%	38.5%
Financing Activities Repayment of Debt	16.0%	10.3%	26.9%	0.0%	12.6%	0.0%	16.7%	11.4%	0.0%	0.5%
Financing Activities Repurchase of Common Stock	32.9%	0.1%	12.0%	95.1%	90.1%	100.8%	91.3%	65.5%	41.4%	41.6%
Financing Activities Dividends Paid	27.6%	28.2%	33.1%	35.0%	25.5%	38.8%	34.4%	17.5%	14.5%	15.1%
Financing Activities Proceeds From Stock Issuance	2.1%	5.5%	3.7%	4.9%	4.4%	6.4%	8.1%	2.6%	4.9%	5.8%
Financing Activities Other Financing Activities	1.1%	-0.5%	-1.8%	-1.3%	-1.0%	2.4%	6.8%	2.6%	-1.6%	1.1%
Financing Activities net Cash From Financing Activities	-76.9%	-20.5%	-44.5%	-129.1%	-151.3%	-116.7%	-130.7%	-101.7%	-80.9%	-47.5%
Cash Reconciliation Effect of Exchange Rate On Cash	18.1%	20.7%	25.9%	27.8%	22.0%	18.0%	14.4%	14.2%	17.1%	—
Cash Reconciliation net Change In Cash	-0.7%	-0.5%	-0.5%	-1.0%	11.1%	2.3%	-8.5%	-3.4%	5.0%	—
Cash Reconciliation Cash At Beginning of Period	18.1%	20.7%	25.9%	27.8%	22.0%	18.0%	14.4%	14.2%	17.1%	—
Cash Reconciliation Cash At End of Period	18.1%	20.7%	25.9%	27.8%	22.0%	18.0%	14.4%	14.2%	17.1%	—

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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