Allstate
ALL · NYSEFire, Marine & Casualty Insurance · Fiscal year ends Dec 31
Allstate reported revenue of $67.7B in the fiscal year ended Dec 2025, up 5.6% from the year before. Net income was $10.3B. Operating cash flow of $10.1B less capital expenditure of $228M left free cash flow of $9.9B. Net debt was $6.8B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $50.6B | $51.4B | $57.1B | $64.1B | $67.7B |
| Interest expense | $330M | $335M | $379M | – | – |
| Pre-tax income | – | – | −$348M | $5.8B | $13.2B |
| Income tax | $1.3B | −$488M | −$135M | $1.2B | $2.9B |
| Net income | $1.6B | −$1.3B | −$188M | $4.7B | $10.3B |
| Diluted EPS | 5.01 | −5.14 | −1.20 | 16.99 | 38.06 |
| Diluted shares | 299M | 271M | 263M | 268M | 267M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $763M | $736M | $722M | $704M | $678M |
| Net PP&E | $939M | $987M | $859M | $669M | $627M |
| Goodwill | $3.5B | $3.5B | $3.5B | $3.2B | $3.1B |
| Total assets | $99.4B | $98B | $103B | $112B | $120B |
| Long-term debt | $8B | $8B | $7.9B | $8.1B | $7.5B |
| Total liabilities | $74.3B | $80.6B | $85.7B | $90.3B | $89.2B |
| Shareholders' equity | $24.9B | $17.5B | $17.8B | $21.4B | $30.6B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $5.1B | $5.1B | $4.2B | $8.9B | $10.1B |
| Capital expenditure | $345M | $420M | $267M | $210M | $228M |
| Free cash flow | $4.8B | $4.7B | $4B | $8.7B | $9.9B |
| Depreciation & amortisation | $1.1B | $847M | $704M | $555M | $482M |
| Stock-based compensation | $120M | $93M | $73M | $125M | $123M |
| Share buybacks | $3.1B | $2.5B | $335M | $2M | $1.2B |
| Dividends paid | $885M | $926M | $925M | $962M | $1B |
| Dividend per share | 3.24 | 3.40 | 3.56 | 3.68 | 4.00 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 1.6% | 11.1% | 12.3% | 5.6% |
| EPS growth (YoY) | – | −202.6% | – | – | 124.0% |
| Net margin | 3.2% | −2.5% | −0.3% | 7.3% | 15.2% |
| Return on equityBlank when equity is negative | 6.5% | −7.4% | −1.1% | 21.8% | 33.6% |
| Free cash flow margin | 9.4% | 9.1% | 6.9% | 13.6% | 14.6% |
| Cash conversion (CFO ÷ net income) | 3.17x | −3.97x | −22.5x | 1.91x | 0.98x |
| Debt ÷ equity | 0.32x | 0.46x | 0.45x | 0.38x | 0.24x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $7.2B | $7.2B | $7.2B | $7.4B | $6.8B |
Recent filings
More in Fire, Marine & Casualty Insurance
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.