NYSE: ALL
Allstate
Financials · Fire, Marine & Casualty Insurance
52-week range
$188.15$277.22
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$60.2B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $27.1B |
| FY2017, ended Dec 31, 2017 | $37.1B |
| FY2018, ended Dec 31, 2018 | $27.4B |
| FY2019, ended Dec 31, 2019 | $35.6B |
| FY2020, ended Dec 31, 2020 | $33.3B |
| FY2021, ended Dec 31, 2021 | $32.7B |
| FY2022, ended Dec 31, 2022 | $35.7B |
| FY2023, ended Dec 31, 2023 | $36.8B |
| FY2024, ended Dec 31, 2024 | $51.1B |
| FY2025, ended Dec 31, 2025 | $54.0B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $60.2B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$70.1B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $37.4B |
| FY2017, ended Dec 31, 2017 | $39.4B |
| FY2018, ended Dec 31, 2018 | $39.8B |
| FY2019, ended Dec 31, 2019 | $41.5B |
| FY2020, ended Dec 31, 2020 | $41.9B |
| FY2021, ended Dec 31, 2021 | $50.6B |
| FY2022, ended Dec 31, 2022 | $51.4B |
| FY2023, ended Dec 31, 2023 | $57.1B |
| FY2024, ended Dec 31, 2024 | $64.1B |
| FY2025, ended Dec 31, 2025 | $67.7B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $70.1B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $1.88B | $3.68B |
| FY2017, ended Dec 31, 2017 | $3.55B | $4.01B |
| FY2018, ended Dec 31, 2018 | $2.16B | $4.90B |
| FY2019, ended Dec 31, 2019 | $4.85B | $4.70B |
| FY2020, ended Dec 31, 2020 | $5.58B | $5.18B |
| FY2021, ended Dec 31, 2021 | $1.61B | $4.77B |
| FY2022, ended Dec 31, 2022 | −$1.29B | $4.70B |
| FY2023, ended Dec 31, 2023 | −$188M | $3.96B |
| FY2024, ended Dec 31, 2024 | $4.67B | $8.72B |
| FY2025, ended Dec 31, 2025 | $10.3B | $9.88B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $13.3B | $12.2B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$840M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $436M |
| FY2017, ended Dec 31, 2017 | $617M |
| FY2018, ended Dec 31, 2018 | $425M |
| FY2019, ended Dec 31, 2019 | $273M |
| FY2020, ended Dec 31, 2020 | $311M |
| FY2021, ended Dec 31, 2021 | $763M |
| FY2022, ended Dec 31, 2022 | $736M |
| FY2023, ended Dec 31, 2023 | $722M |
| FY2024, ended Dec 31, 2024 | $704M |
| FY2025, ended Dec 31, 2025 | $678M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $840M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$7.49B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $6.35B |
| FY2017, ended Dec 31, 2017 | $6.35B |
| FY2018, ended Dec 31, 2018 | $6.45B |
| FY2019, ended Dec 31, 2019 | $6.63B |
| FY2020, ended Dec 31, 2020 | $7.83B |
| FY2021, ended Dec 31, 2021 | $7.98B |
| FY2022, ended Dec 31, 2022 | $7.96B |
| FY2023, ended Dec 31, 2023 | $7.94B |
| FY2024, ended Dec 31, 2024 | $8.09B |
| FY2025, ended Dec 31, 2025 | $7.49B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $7.49B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 30.7% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.253M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 365M |
| FY2017, ended Dec 31, 2017 | 354M |
| FY2018, ended Dec 31, 2018 | 332M |
| FY2019, ended Dec 31, 2019 | 317M |
| FY2020, ended Dec 31, 2020 | 303M |
| FY2021, ended Dec 31, 2021 | 278M |
| FY2022, ended Dec 31, 2022 | 263M |
| FY2023, ended Dec 31, 2023 | 263M |
| FY2024, ended Dec 31, 2024 | 265M |
| FY2025, ended Dec 31, 2025 | 260M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 253M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $2.46B more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $1.34B | $80.0M |
| FY2017, ended Dec 31, 2017 | $1.50B | $106M |
| FY2018, ended Dec 31, 2018 | $2.30B | $125M |
| FY2019, ended Dec 31, 2019 | $1.74B | $105M |
| FY2020, ended Dec 31, 2020 | $1.74B | $124M |
| FY2021, ended Dec 31, 2021 | $3.12B | $120M |
| FY2022, ended Dec 31, 2022 | $2.52B | $93.0M |
| FY2023, ended Dec 31, 2023 | $335M | $73.0M |
| FY2024, ended Dec 31, 2024 | $2.00M | $125M |
| FY2025, ended Dec 31, 2025 | $1.23B | $123M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $2.46B | — |
Revenue (TTM)
$70.1B
+5.9% YoY
Net income (TTM)
$13.3B
+129% YoY
Cash
$840M
−15.6% YoY
Total debt
$7.49B
−7.4% YoY
Valuation
At current price- Market Cap
- $65.7B
- P/E
- 4.9×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 0.9×
- Price / Book
- 1.9×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $70.1B
- Revenue Growth YoY
- 5.9%
- Revenue CAGR 3Y
- 9.6%
- Revenue CAGR 5Y
- 10.1%
- EPS Growth YoY
- 135%
- Net Income Growth YoY
- 129%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- —
- Net Margin
- 19.0%
- FCF Margin
- 17.5%
- Return on Equity
- 46.1%
Earnings
Trailing 12 months- Net Income
- $13.3B
- EPS (diluted)
- $49.94
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- —
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $840M
- Total Debt
- $7.49B
- Net Debt
- $6.65B
- Total Assets
- $125B
- Total Liabilities
- $91.1B
- Shareholders' Equity
- $33.7B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $12.5B
- Capital Expenditure
- $220M
- Free Cash Flow
- $12.2B
Dividends and risk
Last 12 months- Dividend Yield
- 1.6%
- Dividend / Share
- $4.24
- Beta (5Y)
- 0.13
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 5.9% year over year, at $70.1B.
Note
Net margin of 19.0% over the last 12 months.
Strength
Turns 17.5% of revenue into free cash flow.
Strength
Share count is down 4.0% in a year, from buybacks.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 20, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K75Good news
75Good news
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 24, 2025 · Read the filing on EDGAR
- Allstate swung to a $4.55 billion profit in 2024, from a $316 million loss in 2023. Total revenue rose 12.3% to $64.11 billion.
- The combined ratio, which compares claims and expenses to premiums, fell to 94.3 from 104.5. Both auto and homeowners made underwriting profits after large price increases and lower catastrophe losses.
- Allstate agreed to sell its employer voluntary benefits business for about $2.0 billion and its group health business for about $1.25 billion. It expects a gain on both sales.
- Allstate dropped most auto underwriting restrictions and sharply raised advertising to win back customers. Auto policies still fell 1.4%.
Business momentum
Strong improvement
“Consolidated net income applicable to common shareholders was $4.55 billion in 2024 compared to net loss of $316 million in 2023, primarily due to improved underwriting results from increased earned premium and improved loss trends.”
Outlook
Positive
“In 2024, we have removed underwriting restrictions in areas that represent the majority of Allstate brand countrywide premiums, which is expected to increase premiums written and PIF.”
Financial stress
Low
“Investments totaled $72.61 billion as of December 31, 2024, increasing from $66.68 billion as of December 31, 2023, primarily due to positive operating and investment cash flows.”
Tone against the previous report
More positive
Red flags
None found in this report.
Positives
Big swing back to profit
“For the twelve months ended December 31, 2024, return on average Allstate common shareholders’ equity was 25.8% compared to (2.0)% for the twelve months ended December 31, 2023”
Auto and home both profitable
“Underwriting income was $3.15 billion in 2024 compared to underwriting loss of $2.09 billion in 2023, primarily due to increased premiums earned, favorable reserve reestimates and lower losses”
Higher investment income
“Net investment income increased 24.8% or $614 million in 2024 compared to 2023, primarily due to higher results for both the market-based and performance-based strategies.”
Concerns
Auto customers still shrinking
“PIF decreased 1.4% or 347 thousand to 24,936 thousand as of December 31, 2024 compared to December 31, 2023”
Health and Benefits profit fell
“Allstate Health and Benefits adjusted net income was $186 million in 2024 compared to $242 million in 2023.”
Customer satisfaction down after price rises
“Enterprise Net Promoter Score, which measures how likely customers are to recommend Allstate, finished below the prior year, reflecting the impact of substantial price increases”
New risks since the previous report
January 2025 California wildfires
“Refer to Note 1 for more information on the impact of the California wildfires.”
Tariffs raising claim costs
“Vehicle physical damage — inflation, supply chain disruptions, labor shortages and the imposition of tariffs impacting used vehicle and parts prices”
Rules limiting use of artificial intelligence
“Regulatory restrictions on the use of artificial intelligence may impose additional compliance or reporting obligations and may materially adversely affect our operations”
Risks from selling off health businesses
“These transactions may require us to provide technology and administrative services or may result in continued financial involvement in the divested businesses”
Loss on notes issued by reciprocal exchanges
“2024 includes $123 million loss related to the carrying value of the surplus notes issued by Adirondack Insurance Exchange and New Jersey Skylands Insurance Association”
Biggest risks named
- Catastrophe and severe weather losses, including wildfires
- Claim costs rising faster than reserves
- Regulators limiting rate increases
- Losing customers to competitors after price increases
- Cost and availability of reinsurance
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | +3 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 75 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 20, 2026 | Pro | |||
| 10-K | Feb 24, 2025 | 75 | Strong improvement | None | |
| 10-K | Feb 21, 2024 | 64 | Improving | None | |
| 10-K | Feb 16, 2023 | 37 | Sharp deterioration | 1 medium | |
| 10-K | Feb 18, 2022 | 37 | Sharp deterioration | 1 medium | |
| 10-K | Feb 22, 2021 | 59 | Improving | 1 medium | |
| 10-K | Feb 21, 2020 | 71 | Strong improvement | 1 minor | |
| 10-K | Feb 15, 2019 | 53 | Mixed | None | |
| 10-K | Feb 26, 2018 | 74 | Strong improvement | 1 minor | |
| 10-K | Feb 17, 2017 | 53 | Mixed | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 5, 2026. View filings on SEC EDGAR