The Allstate Corporation (ALL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$6.07	$8.99	+48.1%	—	—	—
Q4 26	$7.24	$10.7	+47.1%	—	—	—
Q3 26	$10.2	$14.4	+40.7%	—	—	—
Q2 26	$7.57	$13.9	+84.3%	—	—	—
Q1 26	$3.87	$7.76	+100.5%	—	—	—
Q4 25	$2.53	$3.53	+39.5%	—	—	—
Q3 25	$6.15	$7.07	+15.0%	—	—	—
Q2 25	$1.93	$4.39	+127.5%	—	—	—
Q1 25	$0.36	$1.61	+347.2%	—	—	—
Q4 24	$3.94	$5.13	+30.2%	—	—	—
Q3 24	$3.94	$5.82	+47.7%	—	—	—
Q2 24	$0.46	$0.81	+76.1%	—	—	—
Q1 24	-$4.18	-$4.42	-5.7%	—	—	—
Q4 23	-$1.42	-$1.3	+8.5%	—	—	—
Q3 23	-$1.36	-$1.36	0.0%	—	—	—
Q2 23	-$1.52	-$1.56	-2.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$38.6	—	—	$67.1B	—
FY24	—	$17.2	—	—	$63.5B	—
FY23	—	-$1.2	—	—	$57.1B	—
FY22	—	-$5.22	—	—	$51.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$37.4B	$39.4B	$39.8B	$41.5B	$41.9B	$50.6B	$51.4B	$57.1B	$63.5B	$67.1B
YoY change	+4.9%	+5.37%	+1.04%	+4.34%	+0.89%	+20.7%	+1.6%	+11.1%	+11.2%	+5.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	37.4B	39.4B	39.8B	41.5B	41.9B	50.6B	51.4B	57.1B	63.5B	67.1B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	4.9B	-217M	468M	114M	-51M	-644M	116M	9M	-37M	-35M
Operating expenses	9.9B	5B	6.1B	5.5B	6.4B	6.6B	7.6B	7.1B	8.6B	8.9B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	865M	883M	939M	1.1B	1.1B	2.2B	2.3B	2.4B	2.9B	3B
Pretax income	2.8B	4.5B	2.6B	5.4B	6.8B	6.5B	-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	-213M	4.6B	10.3B
Net margin	5.02%	9.02%	5.43%	11.7%	13.3%	3.12%	-2.61%	-0.37%	7.24%	15.3%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	4.72	8.49	5.78	14.3	17.5	5.04	-5.22	-1.2	17.2	38.6
Diluted EPS	4.67	8.36	5.7	14	17.3	4.96	-5.22	-1.2	17	38.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	14.5B	14.8B	15.3B	15.7B	16.5B	16.3B	16.3B	16.5B	17.1B	17.2B	16.8B	18.3B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	149M	-47M	-2M	-9M	26M	-52M	78M	0	-108M	-5M	19M	-146M
Operating expenses	1.9B	1.8B	1.9B	2B	2.2B	2.5B	2.3B	2.1B	2.2B	2.3B	2.2B	2.2B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	592M	650M	669M	679M	781M	801M	762M	747M	691M	755M	719M	728M
Pretax income	-21M	1.8B	1.5B	430M	1.4B	2.4B	719M	2.7B	4.8B	4.9B	3.1B	4.1B
Income tax	-17M	340M	266M	83M	254M	559M	123M	604M	1.1B	1.1B	650M	871M
Net income	-4M	1.5B	1.2B	347M	1.2B	1.9B	596M	2.1B	3.7B	3.8B	2.5B	3.3B
Net margin	-0.03%	10%	7.86%	2.21%	7.06%	11.6%	3.66%	12.7%	21.9%	22.3%	14.7%	17.8%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	-0.16	5.57	4.51	1.14	4.39	7.16	2.13	7.86	14.1	14.6	9.36	12.7
Diluted EPS	-0.16	5.52	4.46	1.13	4.33	7.07	2.11	7.76	13.9	14.4	9.25	12.5

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	27.6B	37.9B	28.7B	36.9B	34.3B	34.7B	36.8B	36.7B	51B	54.9B	57.5B
Enterprise value	29.3B	41.7B	31.7B	38.9B	35B	37.9B	39.8B	38.8B	53.8B	56.8B	61.3B
Shares outstanding	372.8M	362M	347.8M	328.2M	311.6M	294.8M	271.2M	262.5M	264.3M	263.6M	263.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	14.7	10.7	13.3	7.61	6.14	21.9	—	—	11.1	5.34	4.56
P/S	0.74	0.96	0.72	0.89	0.82	0.69	0.72	0.64	0.8	0.82	0.82
P/B	1.34	1.68	1.35	1.42	1.13	1.38	2.12	2.08	2.38	1.79	1.82
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	3.58
EV/Sales	0.78	1.06	0.8	0.94	0.83	0.75	0.77	0.68	0.85	0.85	0.87
Earnings yield	6.79%	9.38%	7.52%	13.1%	16.3%	4.56%	—	—	9.03%	18.7%	21.9%
FCF yield	13.3%	10.6%	17%	12.7%	15.1%	13.8%	12.8%	10.8%	17.1%	18%	26.3%
PEG	—	—	—	—	—	—	—	—	—	—	0.07

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	22.8%
Net margin	5.02%	9.02%	5.43%	11.7%	13.3%	3.12%	-2.61%	-0.37%	7.24%	15.3%	19%
ROE	9.12%	15.8%	10.1%	18.6%	18.5%	6.29%	-7.73%	-1.21%	21.5%	33.6%	46.1%
ROA	—	—	—	—	—	—	—	—	4.12%	8.57%	8.68%
Return on tangible assets	—	—	—	—	—	—	—	—	4.44%	9.13%	11.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	—	—	—	—	—	—	—	—	0.36
Debt / equity	0.31	0.28	0.3	0.26	0.26	0.32	0.46	0.45	0.38	0.24	0.22
Debt / assets	—	—	—	—	—	—	—	—	0.07	0.06	0.06
Net debt / EBITDA	—	—	—	—	—	—	—	—	—	—	0.1
Interest coverage	10.3	14.6	8.92	17.6	22.4	20.6	-4.46	0.08	15.4	34	44.2
Effective tax rate	31.8%	21.9%	17.8%	20.5%	20.2%	20%	0%	0%	20.2%	22%	21.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	100.3	108.9	114.5	126.6	134.5	171.6	189.6	217.5	240.3	254.4	269.8
EPS (basic)	4.72	8.49	5.78	14.3	17.5	5.04	-5.22	-1.2	17.2	38.6	38.6
EPS (diluted)	4.67	8.36	5.7	14	17.3	4.96	-5.22	-1.2	17	38.1	49.9
Book value per share	55.2	62.3	61.3	79.2	97	85.2	64	67.2	80.8	116	124.8
FCF per share	9.87	11.1	14.1	14.3	16.6	16.2	17.3	15.1	33	37.5	47.3
Cash per share	12.7	7.07	10.1	14	22.8	16.2	18.1	22.3	19.8	21.1	22.6
Capex per share	0.84	0.83	0.8	1.32	0.99	1.17	0.78	0.91	0.73	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.84%	0.76%	0.7%	1.04%	0.73%	0.68%	0.41%	0.42%	0.3%	—	—
Capex / operating cash flow	15.9%	9.5%	17.5%	8.36%	5.49%	-20%	-6.62%	-27.2%	4.72%	—	—
Payout ratio	32.1%	18%	34.6%	16.2%	13.9%	63.2%	-76.8%	-484.5%	23.5%	11.2%	8.33%
Dividend yield	2.18%	1.69%	2.6%	2.13%	2.27%	2.88%	2.8%	2.81%	2.12%	2.1%	1.9%

Yield

1.9%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.08

ex-dividend Aug 31, 2026

Payout ratio

of earnings

Dividend growth

15 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$1.08
Jun 1, 2026	$1.08
Mar 2, 2026	$1.08

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$14.5B	$14.8B	$15.3B	$15.7B	$16.5B	$16.3B	$16.3B	$16.5B	$17.1B	$17.2B	$16.8B	$18.3B
YoY change	+9.76%	+8.68%	+10.6%	+12.5%	+13.8%	+10.2%	+6.64%	+5.21%	+3.42%	+5.24%	+3%	+10.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	4.7B	2.6B	3.5B	4.6B	7.1B	4.8B	4.9B	5.9B	5.2B	5.6B
Receivables	14.3B	14.7B	15.7B	15.7B	13.7B	18.4B	18.8B	18.9B	19.5B	20B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	2.4B	5.5B	6.5B	6.1B	5.6B	9.8B	9.4B	8.9B	8B	7.4B
Total assets	—	—	—	—	—	—	—	—	111.6B	119.8B
Accounts payable	6.2B	6.5B	7.2B	6.9B	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	—	—	—	600M	550M
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	6.3B	6.3B	6.5B	6.6B	7.8B	8B	8B	7.9B	7.5B	6.9B
Total liabilities	—	—	—	—	—	—	—	—	90.3B	89.2B
Shareholders' equity	20.6B	22.6B	21.3B	26B	30.2B	25.1B	17.4B	17.6B	21.4B	30.6B
Total debt	6.3B	6.3B	6.5B	6.6B	7.8B	8B	8B	7.9B	8.1B	7.5B
Net debt	5.9B	5.7B	6B	6.3B	7.5B	7.2B	7.2B	7.2B	7.4B	6.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	4.2B	5.9B	5.2B	5.9B	7.8B	5.2B	7.4B	10.6B	9.7B	5.6B	5.4B	5.7B
Receivables	19.2B	18.9B	19.3B	19.5B	20.1B	19.5B	21.1B	20.9B	21.3B	20B	20.1B	19.7B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	7B	8.9B	7B	7B	6.4B	8B	6.2B	6.2B	6.2B	7.4B	6.2B	6.2B
Total assets	—	—	105.2B	108.4B	113.7B	111.6B	115.2B	115.9B	120.4B	119.8B	124B	124.8B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	600M	—	—	—	550M	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	7.9B	7.9B	7.9B	8.1B	8.1B	7.5B	8.1B	8.1B	8.1B	6.9B	7.5B	7.5B
Total liabilities	—	—	—	89.8B	92.9B	90.3B	93.1B	91.9B	92.9B	89.2B	92.4B	91.1B
Shareholders' equity	14.4B	17.6B	18.5B	18.6B	20.8B	21.4B	22.1B	24B	27.5B	30.6B	31.6B	33.7B
Total debt	7.9B	7.9B	7.9B	8.1B	8.1B	8.1B	8.1B	8.1B	8.1B	7.5B	7.5B	7.5B
Net debt	7.1B	7.2B	7.1B	7.5B	7.3B	7.4B	7.2B	7.1B	7.2B	6.8B	6.8B	6.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.9B	3.6B	2.2B	4.8B	5.6B	1.6B	-1.3B	-213M	4.6B	10.3B
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	95M	-407M	-577M	336M	43M	-3.3B	-1.8B	-670M	-529M	20M
Operating cash flow	2B	3.1B	1.6B	5.2B	5.6B	-1.7B	-3.2B	-883M	4.1B	10.1B
Capital expenditure	-313M	-299M	-277M	-433M	-308M	-345M	-211M	-240M	-192M	—
Investing cash flow	-2.4B	-1.2B	-1.6B	-2.7B	-4.1B	-129M	-1.8B	-2.9B	-8.3B	-6.9B
Dividends paid	-602M	-641M	-748M	-787M	-776M	-999M	-1B	-1B	-1.1B	-1.2B
Share repurchases	-1.3B	-1.5B	-2.7B	-2.9B	-2B	-3.6B	-2.5B	-910M	-2M	-1.2B
Financing cash flow	-1.7B	-3.1B	-3.6B	-2.6B	-2.1B	-5.4B	-3.5B	-1.3B	-860M	-2.9B
Net change in cash	-2.1B	-1.1B	-3.6B	-84M	-553M	-7.2B	-8.5B	-5.1B	-5.1B	269M
Free cash flow	3.7B	4B	4.9B	4.7B	5.2B	4.8B	4.7B	4B	8.7B	9.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-4M	1.5B	1.2B	347M	1.2B	1.9B	596M	2.1B	3.7B	3.8B	2.5B	3.3B
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-286M	344M	-404M	-473M	-33M	381M	-1.4B	-479M	508M	1.4B	408M	309M
Operating cash flow	-290M	1.8B	794M	-126M	1.1B	2.3B	-770M	1.9B	3.3B	3B	3.6B	2.6B
Capital expenditure	-55M	-63M	-23M	-56M	-63M	-50M	-92M	—	—	—	—	—
Investing cash flow	-837M	-1.1B	-1.4B	-2.5B	-2.7B	-1.7B	-1.3B	-1.2B	-2.7B	-1.8B	-2.6B	-1.1B
Dividends paid	-251M	-269M	-262M	-273M	-272M	-272M	-273M	-295M	-293M	-292M	-290M	-310M
Share repurchases	-28M	0	0	0	0	-2M	-99M	-340M	-360M	-434M	-614M	-1.1B
Financing cash flow	-234M	-314M	-246M	-99M	-241M	-274M	-349M	-631M	-646M	-1.3B	-908M	-1.4B
Net change in cash	-1.4B	404M	-831M	-2.8B	-1.8B	345M	-2.4B	71M	-88M	-112M	57M	112M
Free cash flow	1.2B	1.2B	1.6B	2.3B	3.1B	1.7B	1.9B	1.9B	3.2B	2.9B	3.5B	2.6B

The Allstate Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history