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Allstate

ALL NYSE Property & Casualty Insurance Financials FY2016–FY2025

Allstate's revenue rose 5.6% to $67.7 billion in fiscal 2025. Its net margin was 15.2%, up from 7.3% a year earlier. Free cash flow was $9.9 billion, up 13.3%. It paid out $2.3 billion in dividends and buybacks, 23% of free cash flow. The diluted share count fell 0.3%.

Last close · Oct 23, 2026

$253.19

2.3%
Value it Compare
Revenue Total sales reported in the income statement.
$67.7B
5.6% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$10.3B
120.3%
Free cash flow Cash from operations minus capital spending.
$9.9B
13.3%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
37.3%
14.9 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$65.6B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
5.1x
On $50.08 EPS (TTM)

What Allstate does

No business description yet.

Legal name
ALLSTATE CORP
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000899051-26-000031
0000899051

Revenue and margins

Allstate had $67.7B of revenue in fiscal 2025, up 5.6% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 26.3% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $9.9B in fiscal 2025, 14.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Allstate returned $2.3B to shareholders in fiscal 2025, 23% of free cash flow. The diluted share count fell 0.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Allstate yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$1.9B and divides by 267.1M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 5.1x · peers 11.0x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Allstate can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $4.8B$4.9B$5.9B$5.2B$5.6B
Debt incl. finance leases $8.0B$8.0B$7.9B$8.1B$7.5B
Net debt / EBITDA 0.7x—2.8x0.4x0.1x
Debt / equity 0.3x0.5x0.5x0.4x0.2x
Interest coverage 9.8x−4.3x0.1x15.6x34.3x
Total assets $99.4B$98.0B$103.4B$111.6B$119.8B
Total liabilities $74.3B$80.6B$85.7B$90.3B$89.2B
Shareholders' equity $24.9B$17.5B$17.8B$21.4B$30.6B
Net debt (− = net cash) $3.2B$3.1B$2.1B$2.8B$1.9B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$57.3M

7 insiders

Of sales under plans

50%

$28.7M

DateInsiderTradeSharesPriceValueFiling
Aug 11, 2026 Mario RizzoChief Operating Officer-AIC Sold 56,225 $264.48 $14.9M Form 4
Aug 7, 2026 John E DugenskePres, Invest. & Corp. Strategy Sold 32,996 $269.33 $8.9M Form 4
Jun 1, 2026 Andrea RedmondDirector Sold 2,225 $202.91 $0.5M Form 4
May 22, 2026 Mark Q PrindivilleFormer Section 16 officer Sold 1,550 $216.27 $0.3M Form 4
May 1, 2026 Mario RizzoChief Operating Officer-AIC Sold 18,578 $218.80 $4.1M Form 4
Mar 16, 2026 Thomas J WilsonChairman, President & CEO, Director Sold plan 16,807 $208.90 $3.5M Form 4
Mar 2, 2026 Thomas J WilsonChairman, President & CEO, Director Sold plan 16,807 $212.26 $3.6M Form 4
Feb 25, 2026 Jesse E MertenPresPersonalProperty-Liability Sold plan 33,986 $208.57 $7.1M Form 4
Feb 17, 2026 Thomas J WilsonChairman, President & CEO, Director Sold plan 16,807 $210.48 $3.5M Form 4
Feb 2, 2026 Thomas J WilsonChairman, President & CEO, Director Sold plan 16,807 $200.71 $3.4M Form 4
Jan 12, 2026 Thomas J WilsonChairman, President & CEO, Director Sold plan 16,807 $207.82 $3.5M Form 4
Jan 7, 2026 Suren GuptaPresident,Enterprise Solutions Sold plan 19,593 $210.00 $4.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✕ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✕
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose — — —
Share count didn't rise ✓ ✕ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✕
F-score — / 9— / 9— / 9
Accruals ratio −4.4%−4.0%0.2%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Allstate ALL $65.6B 5.6% — 14.6% 37.3% 5.1x —
Chubb CB $140.1B 6.5% — — 13.6% 12.6x — Compare →
Progressive PGR $133.2B 16.3% — 19.6% 39.2% 11.4x — Compare →
Travelers Companies TRV $83.9B 5.2% — — 20.1% 10.5x — Compare →
Hartford HIG $37.8B 6.9% — 20.3% 22.6% 8.8x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $37.4B $39.4B $39.8B $41.5B $41.9B $50.6B $51.4B $57.1B $64.1B $67.7B
Interest expense $295M $335M $332M $327M $318M $330M $335M $379M $395M $395M
Pretax income $2.8B $4.5B $2.6B $6.0B $6.9B $2.9B −$1.8B −$348M $5.8B $13.2B
Income tax $877M $995M $468M $1.1B $1.4B $1.3B −$488M −$135M $1.2B $2.9B
Net income $1.9B $3.6B $2.2B $4.8B $5.6B $1.6B −$1.3B −$188M $4.7B $10.3B
Diluted EPS $4.67 $9.35 $5.70 $14.03 $17.31 $5.01 −$5.14 −$1.20 $16.99 $38.06
Diluted shares 0.38B 0.37B 0.35B 0.33B 0.32B 0.30B 0.27B 0.26B 0.27B 0.27B
Cash flow
Cash from operations $4.0B $4.3B $5.2B $5.1B $5.5B $5.1B $5.1B $4.2B $8.9B $10.1B
Capital expenditure $313M $299M $277M $433M $308M $345M $420M $267M $210M $228M
Free cash flow $3.7B $4.0B $4.9B $4.7B $5.2B $4.8B $4.7B $4.0B $8.7B $9.9B
Depreciation and amortization $382M $483M $511M $647M $686M $1.1B $847M $704M $555M $482M
Stock-based compensation $80.0M $106M $125M $105M $124M $120M $93.0M $73.0M $125M $123M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $1.3B $1.5B $2.3B $1.7B $1.7B $3.1B $2.5B $335M $2.0M $1.2B
Dividends paid $486M $525M $614M $653M $668M $885M $926M $925M $962M $1.0B
Dividends and buybacks $1.8B $2.0B $2.9B $2.4B $2.4B $4.0B $3.4B $1.3B $964M $2.3B
Balance sheet
Cash and short-term investments $4.7B $2.6B $3.5B $4.5B $8.1B $4.8B $4.9B $5.9B $5.2B $5.6B
Total debt $6.3B $6.4B $6.5B $6.6B $7.8B $8.0B $8.0B $7.9B $8.1B $7.5B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $1.1B $1.1B $1.0B $1.1B $1.1B $939M $987M $859M $669M $627M
Total assets $108.6B $112.4B $112.2B $120.0B $126.0B $99.4B $98.0B $103.4B $111.6B $119.8B
Total liabilities $88.0B $89.9B $90.9B $94.0B $95.8B $74.3B $80.6B $85.7B $90.3B $89.2B
Shareholders' equity $20.6B $22.6B $21.3B $26.0B $30.2B $24.9B $17.5B $17.8B $21.4B $30.6B
Margins
EBITDA margin 9.2% 13.6% 8.7% 16.7% 19.0% 8.5% −1.2% 1.3% 10.5% 20.7%
Net margin 5.0% 9.0% 5.4% 11.7% 13.3% 3.2% −2.5% −0.3% 7.3% 15.2%
FCF margin 9.8% 10.2% 12.3% 11.3% 12.4% 9.4% 9.1% 6.9% 13.6% 14.6%
Returns
Return on capital 9.3% 15.7% 9.6% 19.5% 42.4% 13.1% −4.7% 0.1% 22.4% 37.3%
Return on equity 9.3% 16.5% 9.9% 20.5% 19.8% 5.9% −6.1% −1.1% 23.8% 39.5%
Return on assets 1.8% 3.2% 1.9% 4.2% 4.5% 1.4% −1.3% −0.2% 4.3% 8.9%
Growth
Revenue growth 4.9% 5.4% 1.0% 4.3% 0.9% 20.7% 1.6% 11.1% 12.3% 5.6%
Net income growth −13.5% 89.3% −39.2% 124.4% 15.0% −71.1% −179.9% — — 120.3%
EPS growth −7.5% 100.2% −39.0% 146.1% 23.4% −71.1% −202.6% — — 124.0%
FCF growth 11.1% 9.1% 22.0% −4.1% 10.4% −8.0% −1.5% −15.7% 120.2% 13.3%
Share count change −7.3% −2.5% −4.0% −5.6% −5.4% −5.2% −9.3% −3.2% 2.0% −0.3%
Financial health
Net debt / EBITDA 0.5x 0.7x 0.9x 0.3x −0.0x 0.7x — 2.8x 0.4x 0.1x
Debt / equity 0.3x 0.3x 0.3x 0.3x 0.3x 0.3x 0.5x 0.5x 0.4x 0.2x
Interest coverage 10.3x 14.6x 8.9x 19.2x 22.9x 9.8x −4.3x 0.1x 15.6x 34.3x
Capital allocation
Capex / revenue 0.8% 0.8% 0.7% 1.0% 0.7% 0.7% 0.8% 0.5% 0.3% 0.3%
Stock comp / revenue 0.2% 0.3% 0.3% 0.3% 0.3% 0.2% 0.2% 0.1% 0.2% 0.2%
Payouts / FCF 49.5% 50.3% 59.6% 50.9% 46.4% 83.9% 73.3% 31.8% 11.1% 23.0%
Quality scores
Accruals ratio −2.0% −0.7% −2.7% −0.2% 0.1% −3.1% −6.5% −4.4% −4.0% 0.2%

Source: SEC EDGAR XBRL filings (CIK 0000899051). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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