Allstate (ALL)
Financials · $57.8B market cap · SEC CIK 0000899051
fundamentals score out of 100
Next reports on Nov 4, 2026, after the close, with analysts expecting $6.49 in earnings per share.
The case for ALL
- Cheap on earnings at 4.3×, well under the market's usual 20×.
- Earns 43% back on shareholder equity.
- Earnings per share up 132.8%.
- Pays a 2.6% dividend while you wait.
- A PEG of 0.03: a P/E of 4.3× is low for EPS growing 133%.
- Has compounded revenue at 10.1% a year over five years.
The case against
- Weakest against its peers: revenue growth of +5.9% is slower than 71% of Financials companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 92 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 73 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 72 |
| Momentumhow the price has behaved lately | 63 |
| Stabilityhow violently it moves, what it owes and what it pays you | 84 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 4.3× |
|---|---|
| Price / book | 1.82× |
| Price / sales | 0.8× |
| Revenue growth (YoY) | +5.9% |
| EPS growth (YoY) | +132.8% |
| Gross margin | — |
| Operating margin | 24% |
| Net margin | 19% |
| Return on equity | 43% |
| Debt / equity | 0.22× |
| Current ratio | n/a |
| Dividend yield | 2.61% |
| Beta | 0.15 |
| 52-week range | $188.08 – $277.22 |
| Position in that range | 46% of the way up |
| 3-month return | +9.8% |
| 1-year return | +17.9% |
Five years of financials, as filed
Pulled from Allstate's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $67.7B | $64.1B | $57.1B | $51.4B | $50.6B |
| Net income | $10.2B | $4.5B | -$316M | -$1.4B | $1.5B |
| Operating cash flow | $10.1B | $8.9B | $4.2B | $5.1B | $5.1B |
| Capital expenditure | $228M | $210M | $267M | $420M | $345M |
| Total assets | $120B | $112B | $103B | $98.0B | $99.4B |
| Total liabilities | $89.2B | $90.3B | $85.7B | $80.6B | $74.3B |
| Shareholder equity | $30.6B | $21.4B | $17.8B | $17.5B | $24.9B |
| Cash | $678M | $704M | $722M | $736M | $763M |
| Long-term debt | $7.5B | $8.1B | $7.9B | $8.0B | $8.0B |
| Free cash flow | $9.9B | $8.7B | $4.0B | $4.7B | $4.8B |
| Net margin | 15.0% | 7.1% | -0.6% | -2.8% | 2.9% |
| Diluted shares | 267M | 268M | 263M | 271M | 299M |
Share count is down 10.7% over 4 years. Buybacks have been shrinking the pie.
What Allstate says it does
Strategy and Segment Information. Underwriting results For the years ended December 31, ($ in millions) 2025 2024 2023 Premiums written $ 59,546 $ 55,926 $ 50,347 Premiums earned $ 57,682 $ 53,866 $ 48,427 Other revenue 2,051 1,895 1,545 Claims and claims expense (36,626) (39,050) (40,364) Amortization of DAC (7,003) (6,676) (6,070) Other costs and expenses (7,173) (6,625) (5,251) Restructuring and related charges (54) (51) (142) Amortization of purchased intangibles (183) (206) (235) Underwriting income (loss) $ 8,694 $ 3,153 $ (2,090) Catastrophe losses $ 4,959 $ 4,964 $ 5,636 Underwriting income was $8.69 billion in 2025 compared to $3.15 billion in 2024, primarily due to increased premiums earned and the benefit of prior year reserve releases, partially offset by higher expenses. Underwriting income (loss) For the years ended December 31, ($ in millions) 2025 2024 2023 Auto $ 5,724 $ 1,810 $ (1,109) Homeowners 2,393 1,319 (803)…
Risk factors ALL lists in its 10-K
- Widespread disruptive or destabilizing events may have an adverse effect on our business
- Conditions in the global economy and capital markets could adversely affect the business and results of operations
- Consolidated net income applicable to common shareholders
- Book value per diluted common share
- Return on average Allstate common shareholders’ equity
- Effect of catastrophe losses on combined ratio
- Effect of prior year reserve reestimates on combined ratio
- Effect of restructuring and related charges on combined ratio
- Effect of amortization of purchased intangibles on combined ratio
- Effect of Run-off Property-Liability business on combined ratio
- Average premium-gross written ("average premium")
- Change in underwriting results from 2024 to 2025
- Change in underwriting results from 2023 to 2024
- Auto premium measures and statistics