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ALL

The Allstate Corporation

ALL

The Allstate Corporation • NYSE
$215.39 ▲ 0.71% (+1.52)
Market Cap $56.96 B
52w High $215.89
52w Low $176.00
Dividend Yield 3.00%
P/E 6.98
Volume 620.69K
Outstanding Shares 264.45M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $17.061B ▲ $1.42B ▲ $3.746B ▲ 21.957% ▲ $14.13 ▲ $5.035B ▲
Q2-2025 $16.546B ▲ $1.33B ▼ $2.109B ▲ 12.746% ▲ $7.86 ▲ $2.93B ▲
Q1-2025 $16.263B ▼ $2.309B ▼ $595M ▼ 3.659% ▼ $2.142 ▼ $951M ▼
Q4-2024 $16.342B ▼ $2.47B ▲ $1.928B ▲ 11.798% ▲ $7.16 ▲ $2.701B ▲
Q3-2024 $16.497B $2.316B $1.19B 7.213% $4.39 $1.662B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $9.674B ▼ $120.402B ▲ $92.913B ▲ $27.505B ▲
Q2-2025 $10.635B ▲ $115.894B ▲ $91.889B ▼ $24.019B ▲
Q1-2025 $7.381B ▲ $115.161B ▲ $93.109B ▲ $22.055B ▲
Q4-2024 $5.241B ▼ $111.617B ▼ $90.25B ▼ $21.442B ▲
Q3-2024 $7.81B $113.743B $92.905B $20.877B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.041B ▼ $3.284B ▲ $-2.805B ▼ $-634M ▼ $-64M ▼ $3.236B ▲
Q2-2025 $2.195B ▲ $1.873B ▼ $-1.208B ▲ $-620M ▼ $155M ▲ $1.874B ▲
Q1-2025 $596M ▼ $1.964B ▲ $-1.293B ▲ $-334M ▼ $136M ▲ $1.872B ▲
Q4-2024 $1.886B ▲ $1.705B ▼ $-1.671B ▲ $-260M ▼ $-112M ▼ $1.655B ▼
Q3-2024 $1.164B $3.201B $-2.685B $-185M $217M $3.138B

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Allstate Health And Benefits
Allstate Health And Benefits
 $630.00M ▲$650.00M ▲$640.00M ▼$350.00M ▼
Property Liability
Property Liability
 $15.15Bn ▲$15.00Bn ▼$14.70Bn ▼$15.35Bn ▲
Protection Services
Protection Services
 $830.00M ▲$870.00M ▲$850.00M ▼$870.00M ▲
Corporate and Other
Corporate and Other
 $0 ▲$0 ▲$30.00M ▲$0 ▼
Intersegment Eliminations
Intersegment Eliminations
 $0 ▲$0 ▲$-40.00M ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Allstate’s revenue has climbed steadily over the past five years, showing that the company continues to grow its top line even through a tough insurance cycle. Profitability, however, has been very uneven. The company went from strong profits in 2020–2021 to losses in 2022–2023, then rebounded sharply in 2024. That pattern is typical of a property and casualty insurer hit by rising claims costs, severe weather, and pricing that temporarily lagged inflation. The latest year suggests that price increases and underwriting changes are starting to catch up with higher claim costs, restoring margins to much healthier levels. Overall, the income statement tells the story of a cyclical business that has just come through a difficult period and is now back to generating solid earnings, but with a reminder that results can swing when claim trends or catastrophes worsen.

Balance Sheet

Balance Sheet Allstate’s balance sheet looks broadly solid and consistent with a large, established insurer. Total assets are sizeable and have gradually increased again after a dip earlier in the period, which likely reflects both investment portfolio movements and business growth. Shareholders’ equity fell meaningfully during the loss-making years, then recovered as profitability improved, but it remains lower than it was several years ago. Debt levels have been fairly stable, suggesting the company has not aggressively levered up, and its overall leverage appears reasonable for this type of business. Cash on hand is relatively small compared with total assets, which is normal for an insurer that holds most of its resources in invested portfolios rather than plain cash. In short, the balance sheet shows resilience, but also the marks of recent underwriting and investment volatility.

Cash Flow

Cash Flow Cash generation is a clear bright spot. Operating cash flow has remained positive throughout the period, even when accounting profits were under pressure or negative. That indicates the core insurance operations continued to bring in more cash than they paid out over time, though with some ups and downs. Capital spending is modest, so free cash flow has generally tracked operating cash flow closely and has improved noticeably in the most recent year. This gives Allstate financial flexibility to absorb shocks, invest in systems and data capabilities, and meet its obligations. The stability of cash flow, compared with the volatility in earnings, is typical for insurers and suggests the underlying franchise has stayed intact through the recent rough patch.

Competitive Edge

Competitive Edge Allstate is one of the major players in U.S. personal property and casualty insurance, with a well-known brand and very broad reach. Its slogan and long history create a perception of reliability, which matters in a product built on trust. The company sells through multiple channels—exclusive agents, independent agents, and direct digital and call-center offerings—allowing it to serve both customers who want personal advice and those who prefer online convenience. Its large scale helps spread fixed costs in marketing, technology, and claims handling. A key competitive edge is its data advantage from telematics and mobility analytics through Drivewise and Arity, which can improve pricing accuracy and risk selection. That said, competition is intense, with rivals like Progressive, State Farm, and GEICO also investing heavily in data, advertising, and pricing sophistication. Allstate’s position is strong but contested, and its performance will depend on how well it balances price competitiveness, underwriting discipline, and customer experience in a market shaped by climate risk and regulatory constraints.

Innovation and R&D

Innovation and R&D Innovation is a central part of Allstate’s strategy. The company was early to invest in telematics, gathering vast amounts of driving data through Drivewise and its Arity subsidiary. This data can support more precise pricing and tailored products, which is increasingly important as auto insurance becomes more usage-based. Allstate is also modernizing its technology stack, using microservices, event-driven architecture, and artificial intelligence to speed up product changes and improve service. Its mobile app, digital claims tools like QuickFoto Claim, and AI chatbots aim to make interactions simpler and faster for customers. Product innovation goes beyond standard auto and home policies: offerings like Milewise pay-per-mile insurance, customizable auto features (such as accident forgiveness), and a wide range of protection plans for devices, electronics, and identity protection broaden the revenue base. The new scam protection benefit and partnerships like the Arlo smart-home bundle show a push toward proactive, tech-enabled protection rather than just paying claims after the fact. In addition, Allstate Strategic Ventures invests in insurtech, fintech, mobility, cyber, climate tech, and property technology, keeping the company plugged into emerging trends that could reshape the industry.

Summary

Allstate today reflects a large, mature insurer that has worked through a difficult insurance cycle and is showing signs of a strong earnings recovery. Revenues have grown, but profits have been volatile, with recent results indicating that pricing and underwriting changes are starting to restore health after prior losses. The balance sheet remains sound for a company of its type—leveraged but not overly so, with capital rebuilt as profitability improved. Cash flows have been consistently positive, underpinning financial flexibility even when reported earnings dipped. Competitively, Allstate benefits from a powerful brand, broad distribution, and economies of scale, while also facing tough rivals and rising climate and regulatory pressures. Its heavy emphasis on data, telematics, AI, and digital customer experiences, along with expansion into protection services and scam and identity coverage, positions it as more than a traditional insurer. Going forward, the key watchpoints are whether Allstate can sustain improved underwriting results, keep pace with competitors on technology and pricing, and manage the growing risks from severe weather and changing customer expectations while continuing its transformation into a broader, tech-enabled protection company.

NEWS

November 25, 2025 · 12:00 PM UTC

Allstate Wuerffel Trophy announces 2025 finalists for college football's top community service award

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November 21, 2025 · 11:25 AM UTC

Allstate CEO to Present at Goldman Sachs 2025 U.S. Financial Services Conference

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November 20, 2025 · 4:33 PM UTC

Allstate Announces Quarterly Dividends Payable in January 2026

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November 20, 2025 · 8:11 AM UTC

October 2025 Monthly Release

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November 13, 2025 · 9:02 AM UTC

The Allstate Foundation Commits $5 Million to Address the Immediate Needs of Relationship Abuse Survivors

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