ALLSTATE CORP

Listed Company

ALL-PBCIK 0000899051NYSELarge AcceleratedFire, Marine & Casualty InsuranceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$67.69B

Net Income

$10.28B

Total Assets

$119.76B

Equity

$30.61B

Shares Out

257.42M

Op. Cash Flow

$10.11B

+ 13F Filer

Business

ALLSTATE CORP provides personal property and casualty insurance and complementary protection services primarily through subsidiaries including Allstate Insurance Company and multiple branded businesses. It offers auto, homeowners and other personal lines insurance, roadside assistance, consumer product protection plans, dealer services, telematics and identity protection, and employer, group and individual health products. Reportable segments include Allstate Protection (personal lines and commercial), Protection Services (consumer protection plans, roadside, Arity, identity protection), Allstate Health and Benefits, Run-off Property-Liability, and Corporate and Other. Products are distributed across exclusive and independent agents, direct channels, retailers, dealerships, strategic partners and online in the U.S., Canada and select international markets.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Insurance premiums and contract charges	61,449	58,309	52,516	47,736	44,052
Other revenue	2,955	2,930	2,400	2,344	2,172
Net investment income	3,449	3,092	2,478	2,403	3,293
Net gains (losses) on investments and derivatives	−168	−225	−300	—	—
Total revenues	67,685	64,106	57,094	51,411	50,601
Accident, health and other policy benefits	656	1,241	1,071	1,042	1,060
Amortization of deferred policy acquisition costs	8,389	8,039	7,278	6,634	6,236
Operating costs and expenses	8,977	8,626	7,137	7,446	7,260
Pension and other postretirement remeasurement (gains) losses	−35	−37	9	116	−644
Restructuring and related charges	61	61	169	51	170
Amortization of purchased intangibles	231	280	329	353	376
Interest expense	399	400	379	335	—
Total costs and expenses	56,132	58,345	57,442	53,241	44,135
Gain on disposition of operations	1,603	0	0	—	—
Income (loss) from operations before income taxes	13,156	5,761	−348	—	—
Income tax expense (benefit)	2,890	1,162	−135	−488	1,292
Net income (loss)	10,266	4,599	−213	−1,342	1,581
Less: Net loss attributable to noncontrolling interest	−16	−68	−25	−53	−33
Net income (loss) attributable to Allstate	10,282	4,667	−188	−1,289	1,614
Less: Preferred stock dividends	117	117	128	105	114
Net income (loss) applicable to common shareholders, basic	10,165	4,550	−316	−1,394	1,500
Net income (loss) applicable to common shareholders, diluted	10,165	4,550	−316	−1,394	1,500
Net income (loss) applicable to common shareholders per common share - Basic (in dollars per share)	38.56	17.22	−1.2	−5.14	5.09
Weighted average common shares - Basic (in shares)	264	264	263	271	295
Net income (loss) applicable to common shareholders per common share - Diluted (in dollars per share)	38.06	16.99	−1.2	−5.14	5.01
Weighted average common shares - Diluted (in shares)	267	268	263	271	299

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Fixed income securities, at fair value (amortized cost, net $58,730 and $53,616)	59,115	52,747	48,865	42,485	42,136
Equity securities, at fair value (cost $8,026 and $4,329)	8,398	4,463	2,411	4,567	7,061
Mortgage loans, net	879	784	822	762	821
Limited partnership interests	8,844	9,255	8,380	8,114	8,018
Short-term, at fair value (amortized cost $4,888 and $4,539)	4,887	4,537	5,144	4,173	4,010
Other investments, net	1,114	824	1,055	1,728	2,656
Total investments	83,237	72,610	66,677	61,829	64,701
Cash	678	704	722	736	763
Premium installment receivables, net	11,474	10,614	10,044	9,165	8,364
Deferred policy acquisition costs	6,163	5,773	5,940	5,442	4,738
Reinsurance and indemnification recoverables, net	8,501	8,924	8,809	9,619	10,024
Accrued investment income	708	615	539	423	339
Deferred income taxes	0	231	219	382	0
Property and equipment, net	627	669	859	987	939
Goodwill	3,118	3,245	3,502	3,502	3,502
Other assets, net	5,252	5,140	6,051	5,904	6,086
Assets held for sale	0	3,092	0	—	0
Total assets	119,758	111,617	103,362	97,989	99,440
Reserve for property and casualty insurance claims and claims expense	41,079	41,917	39,858	—	—
Unearned premiums	29,080	26,909	24,709	22,299	19,844
Claim payments outstanding	1,419	1,567	1,353	1,268	1,123
Deferred income taxes	227	0	—	0	833
Other liabilities and accrued expenses	9,874	9,659	9,635	9,353	9,296
Debt	7,490	8,085	7,942	7,964	7,976
Liabilities held for sale	0	2,113	0	—	0
Total liabilities	89,169	90,250	85,732	80,626	74,313
Commitments and Contingent Liabilities (Note 8, 10 and 14)	—	—	—	—	—
Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 82.0 thousand shares issued and outstanding, $2,050 aggregate liquidation preference	2,001	2,001	2,001	1,970	1,970
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 260 million and 265 million shares outstanding	9	9	9	9	9
Additional capital paid-in	4,158	4,029	3,854	3,788	3,722
Retained income	62,393	53,288	49,716	50,970	53,294
Treasury stock, at cost (640 million and 635 million shares)	−38,206	−36,996	−37,110	−36,857	−34,471
Unrealized net capital gains and losses	297	−771	−604	−2,255	598
Unrealized foreign currency translation adjustments	−55	−145	−98	−165	−15
Unamortized pension and other postretirement prior service credit	11	11	13	29	72
Discount rate for reserve for future policy benefits	2	16	−11	−1	—
Total accumulated other comprehensive income (loss)	255	−889	−700	−2,392	655
Total Allstate shareholders equity	30,610	21,442	17,770	17,488	24,944
Noncontrolling interest	−21	−75	−140	−125	−52
Total equity	30,589	21,367	17,630	17,363	24,892
Total liabilities and equity	119,758	111,617	103,362	97,989	99,440

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and other non-cash items	482	555	704	847	1,086
Pension and other postretirement remeasurement (gains) losses	−35	−37	9	116	−644
Claims and claims expense and other insurance reserves	−943	2,171	2,202	4,445	2,444
Unearned premiums	2,120	2,294	2,385	2,539	1,608
Deferred policy acquisition costs	−365	−347	−489	−713	−624
Premium installment receivables, net	−831	−705	−861	−1,038	−498
Reinsurance and indemnification recoverables, net	630	−226	807	451	−1,570
Income taxes	583	753	−229	−715	353
Other operating assets and liabilities	−362	−351	−387	−541	−1,368
Net cash provided by operating activities	10,110	8,931	4,228	5,121	5,116
Fixed income securities	72,897	38,751	22,973	31,494	31,774
Equity securities	6,729	3,168	5,400	10,969	4,513
Limited partnership interests	1,357	633	710	970	886
Other investments	243	265	594	1,071	1,406
Fixed income securities	814	1,509	1,641	728	2,284
Mortgage loans	127	151	81	163	860
Other investments	55	41	152	167	550
Fixed income securities	−78,784	−46,590	−29,431	−36,920	−33,857
Equity securities	−10,595	−4,980	−2,935	−9,294	−6,409
Limited partnership interests	−1,269	−1,434	−890	−1,258	−1,766
Mortgage loans	−242	−113	−145	−104	−221
Other investments	−609	−172	−292	−295	−1,647
Change in short-term and other investments, net	−791	724	−617	792	4,017
Purchases of property and equipment, net	−228	−210	−267	−420	−345
Proceeds from sale of property and equipment	0	18	27	209	0
Acquisition of operations, net of cash acquired	0	−13	0	0	−3,593
Proceeds from disposition of operations, net of cash transferred	3,041	0	0	0	2,058
Net cash used in investing activities	−7,255	−8,252	−2,999	−1,728	510
Proceeds from issuance of debt	0	495	743	0	0
Redemption and repayment of debt	−600	−350	−750	0	−436
Proceeds from issuance of preferred stock	0	0	587	0	0
Redemption of preferred stock	0	0	−575	0	−450
Contractholder fund deposits	30	129	130	133	826
Contractholder fund withdrawals	−15	−37	−35	−49	−1,140
Dividends paid on common stock	−1,036	−962	−925	−926	−885
Dividends paid on preferred stock	−117	−117	−107	−105	−114
Treasury stock purchases	−1,233	−2	−335	−2,520	−3,120
Shares reissued under equity incentive plans, net	48	163	73	82	114
Other	42	−16	−49	−35	−35
Net cash used in financing activities	−2,881	−697	−1,243	−3,420	−5,240
Net decrease in cash	−26	−18	−14	−27	386

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 591 positions

Reported AUM

$3.74B

Holdings

591

Top sector

$3.74B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$3.74B	100.0%

Top holdings

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SPDR S&P ETF TRUST	—	317.9K	$143.60M	3.8%
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SPDR S&P ETF TRUST	—	155.1K	$70.06M	1.9%