ALL

MKT CAP:$56B

The Allstate Corporation

Market Cap

$56B

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NYSE

Financials·Insurance·🇺🇸·NYSE

Stock Price

$213.27+$9.45 (+4.64%)

Apr 24, 2026

Company Details

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health a...

CEO

Thomas Joseph Wilson

IPO Date

Jun 3, 1993

Website

www.allstate.com

Key Metrics TTM

Revenue

$63.5B

+18.7% YoY

Net Income

$6.0B

EPS (Diluted)

$22.07

Free Cash Flow

$8.7B

Revenue / Share

$240.00

Gross Margin

27.8%

Operating Margin

11.8%

Net Margin

9.4%

FCF Margin

13.7%

P/S

0.9x

P/E

9.3x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 19, 2026

$66.5BEPS $38.19

Q4 2025

Feb 19, 2026

$16.6BEPS $14.37

Q1 2025

Apr 30, 2025

$16.3B+8.0%EPS $2.11

Q2 2024

Jul 31, 2024

$15.6BEPS $1.13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 19	$11.0B	$3.1B	$1.6B
Q2 19	$11.1B	$2.8B	$1.1B
Q3 19	$11.1B	$2.9B	$1.2B
Q4 19	$11.5B	$3.7B	$2.2B
Q1 20	$9.9B	$3.0B	$1.0B
Q2 20	$10.4B	$3.7B	$1.4B
Q3 20	$10.7B	$3.1B	$1.5B
Q4 20	$12.0B	$4.6B	$3.3B
Q1 21	$12.5B	$4.6B	$3.0B
Q2 21	$12.6B	$3.6B	$1.8B
Q1 23	$13.6B	$1.3B	-$406M
Q4 23	$14.8B	$3.8B	$1.8B
Q1 24	$15.1B	$3.3B	$1.5B
Q2 24	$15.6B	$2.5B	$430M
Q1 25	$16.3B	$3.0B	$719M
Q4 25	$16.6B	$8.8B	$4.9B

Valuation

Quarter	P/S	P/E
Q1 19	0.8x	10.7x
Q2 19	0.8x	10.8x
Q3 19	0.8x	12.4x
Q4 19	0.8x	7.4x
Q1 20	0.7x	7.3x
Q2 20	0.7x	6.6x
Q3 20	0.7x	6.1x
Q4 20	0.8x	5.9x
Q1 21	0.8x	9.7x
Q2 21	0.8x	9.6x
Q1 23	0.6x	11.8x
Q4 23	0.7x	27.9x
Q1 24	0.8x	11.4x
Q2 24	0.7x	15.6x
Q1 25	0.9x	15.1x
Q4 25	0.9x	9.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 19	$714M	$634M
Q2 19	$1.3B	$1.3B
Q3 19	$1.8B	$1.7B
Q4 19	$1.2B	$1.1B
Q1 20	$1.0B	$962M
Q2 20	$1.8B	$1.7B
Q3 20	$1.3B	$1.2B
Q4 20	$1.3B	$1.2B
Q1 21	$1.4B	$1.3B
Q2 21	$1.5B	$1.4B
Q1 23	$601M	$522M
Q4 23	$1.2B	$1.2B
Q1 24	$1.7B	$1.6B
Q2 24	$2.4B	$2.3B
Q1 25	$2.0B	$1.9B
Q4 25	$3.0B	$2.9B

Capital Expenditures

Quarter	CapEx
Q1 19	$80M
Q2 19	$93M
Q3 19	$120M
Q4 19	$140M
Q1 20	$65M
Q2 20	$101M
Q3 20	$69M
Q4 20	$73M
Q1 21	$61M
Q2 21	$136M
Q1 23	$79M
Q4 23	$71M
Q1 24	$41M
Q2 24	$56M
Q1 25	$92M
Q4 25	$89M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 19	+12.0%	+4.6%
Q2 19	+12.7%	+12.9%
Q3 19	+12.5%	+14.1%
Q4 19	+21.0%	-6.1%
Q1 20	-10.2%	-5.7%
Q2 20	-6.6%	-10.4%
Q3 20	-3.5%	-7.7%
Q4 20	+4.8%	-5.8%
Q1 21	+26.2%	+6.6%
Q2 21	+21.6%	+20.2%
Q1 23	+27.6%	+53.4%
Q4 23	+22.9%	+48.7%
Q1 24	+20.9%	+44.3%
Q2 24	+23.5%	+40.0%
Q1 25	+19.3%	+10.7%
Q4 25	+12.3%	-9.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 19	$0	0.0%
Q2 19	$0	0.0%
Q3 19	$0	0.0%
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q1 23	$0	0.0%
Q4 23	$87M	0.6%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q1 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 19	$15M
Q2 19	$125M
Q3 19	$225M
Q1 20	$318M
Q2 20	$73M
Q1 25	$78M

Revenue Segments

Quarter	Allstate Health And Benefits	Corporate and Other	Property Liability	Protection Services	Intersegment Eliminations
Q1 20	$288M	$16M	$9.2B	$430M	—
Q2 20	$294M	$39M	$9.6B	$476M	—
Q3 20	$308M	$22M	$9.9B	$498M	—
Q1 21	$556M	$16M	$11.4B	$562M	—
Q2 21	$553M	$26M	$11.5B	$587M	—
Q1 23	$585M	$55M	$12.5B	$670M	—
Q4 23	$632M	$62M	$13.4B	$732M	-$138M
Q1 24	$637M	$39M	$13.9B	$748M	—
Q2 24	$620M	—	$14.3B	$772M	—
Q1 25	$642M	$28M	$14.7B	$850M	-$37M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.1B	$4.3B	$5.5B
Q2 22	$766M	$4.4B	$5.2B
Q3 22	$786M	$4.0B	$4.8B
Q4 22	$736M	$4.2B	$4.9B
Q1 23	$662M	$6.7B	$7.4B
Q2 23	$699M	$5.1B	$5.8B
Q3 23	$860M	$3.4B	$4.2B
Q4 23	$722M	$5.1B	$5.9B
Q1 24	$850M	$4.3B	$5.2B
Q2 24	$599M	$5.3B	$5.9B
Q3 24	$816M	$7.0B	$7.8B
Q4 24	$704M	$4.5B	$5.2B
Q1 25	$840M	$6.5B	$7.4B
Q2 25	$995M	$9.6B	$10.6B
Q3 25	$931M	$8.7B	$9.7B
Q4 25	$678M	$4.9B	$5.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 19	338M	-2.8%	-8.5%
Q2 19	337M	-0.2%	-8.2%
Q3 19	333M	-1.2%	-8.5%
Q4 19	326M	-2.0%	-6.0%
Q1 20	322M	-1.2%	-4.5%
Q2 20	317M	-1.7%	-5.9%
Q3 20	314M	-0.9%	-5.7%
Q4 20	308M	-2.1%	-5.7%
Q1 21	306M	-0.4%	-5.0%
Q2 21	303M	-1.0%	-4.3%
Q1 23	264M	-13.1%	-16.1%
Q4 23	265M	+0.5%	-13.9%
Q1 24	267M	+0.7%	-13.0%
Q2 24	267M	+0.2%	-11.9%
Q1 25	268M	+0.3%	+1.6%
Q4 25	265M	-1.2%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 19	$243.5K	45K
Q2 19	$246.9K	45K
Q3 19	$245.2K	45K
Q4 19	$250.6K	46K
Q1 20	$215.5K	46K
Q2 20	$227.2K	46K
Q3 20	$233.2K	46K
Q4 20	$287.1K	42K
Q1 21	$297.4K	42K
Q2 21	$302.1K	42K
Q1 23	$252.4K	54K
Q4 23	$278.8K	53K
Q1 24	$284.0K	53K
Q2 24	$294.8K	53K
Q1 25	$295.7K	55K
Q4 25	$313.0K	53K

Revenue / Employee