Allstate Corporation (ALL)
NYSE:ALL
Want to see ALL full AI Analyst Report?
Top Page
Allstate
(NYSE:ALL)
Select Model
Select Model
Rating:80Outperform
Price Target:
$234.00
▲(8.25% Upside)
Action:ReiteratedDate:02/21/26
Score is driven primarily by strong financial recovery and earnings quality (improving profitability, solid cash conversion, better leverage) plus very attractive valuation (low P/E). The earnings call supports the strength with improved underwriting performance and meaningful capital returns, while technicals are comparatively neutral and the key ongoing risk remains underwriting/claims-driven volatility and regulatory/cost headwinds.
Positive Factors
Earnings & Margin Recovery
Sustained margin expansion and revenue acceleration reflect durable underwriting and pricing improvements plus operational fixes. Higher margins improve cash generation, support reinvestment and capital returns, and provide cushion against cyclical underwriting swings over the next 2–6 months.
Negative Factors
Underwriting & Claims Volatility
Underwriting cycles and reserve normalization can quickly reverse recent gains. Volatility in loss experience drives large swings in earnings, capital needs and reserve releases, limiting predictability of returns and requiring ongoing pricing and claims discipline to sustain fundamentals.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings & Margin Recovery
Sustained margin expansion and revenue acceleration reflect durable underwriting and pricing improvements plus operational fixes. Higher margins improve cash generation, support reinvestment and capital returns, and provide cushion against cyclical underwriting swings over the next 2–6 months.
Read all positive factors
Allstate (ALL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$55.31B
Dividend Yield1.91%
Average Volume (3M)1.31M
Price to Earnings (P/E)5.3
Beta (1Y)0.47
Revenue Growth5.58%
EPS Growth124.80%
CountryUS
Employees55,000
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)10.65
Shares Outstanding258,227,330
10 Day Avg. Volume1,199,512
30 Day Avg. Volume1,307,377
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.78
Price to Sales (P/S)0.82
P/FCF Ratio5.50
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue0.93
Enterprise Value/Gross Profit2.79
Enterprise Value/Ebitda4.39
Forecast
1Y Price Target
$242.31Price Target Upside12.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)25.78
Revenue Forecast (FY)$63.93B
Allstate Business Overview & Revenue Model
Company Description
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 and Bene...
How the Company Makes Money
Allstate generates revenue primarily through its insurance premiums collected from policyholders. The company uses a model where it assesses risk and sets premium prices accordingly, allowing it to earn income from underwriting insurance policies....
Allstate Key Performance Indicators (KPIs)
Any
Policies In Force
Indicates the total number of active insurance policies, reflecting customer base size and market penetration. A growing number suggests effective sales strategies and customer retention.
Indicates the total number of active insurance policies, reflecting customer base size and market penetration. A growing number suggests effective sales strategies and customer retention.
Data provided by:
The Fly
The FlyAllstate Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call presented strong financial results, clear evidence that the Transformative Growth Initiative is driving market-share gains, improved underwriting and operational progress (claims, expense reduction, and customer affordability programs). These positive developments are tempered by structural industry headwinds — notably sustained cost inflation (physical damage, bodily injury, UM/UIM), regulatory uncertainty in some states (including pending product approvals), legacy-brand drag on policies in force, and some signs of increased customer shopping/retention pressure. Management communicated credible actions to address affordability, strengthen channels, and return capital to shareholders, and the positives (robust earnings, margin improvements, double‑digit product/channel growth, and meaningful capital returns) meaningfully outweigh the listed challenges.Positive Updates
Strong Overall Financial Results
Total revenues of $17.3 billion in Q4 and $67.7 billion for FY2025; net income applicable to common shareholders of $3.8 billion in Q4 and $10.2 billion for the year. Adjusted net income of $3.8 billion (Q4) or $14.31 per share and $9.3 billion for 2025 ($34.83 per share). Q4 net income improved vs. $1.9 billion in the prior-year quarter driven by better underwriting, lower catastrophes and reserve releases.
Negative Updates
Industry Cost Inflation and Litigation Pressure
Significant multi-year cost inflation: physical damage costs up ~47% over five years (used car prices +43%), bodily injury costs up ~52% over five years, and uninsured/underinsured motorist costs up ~72%. These trends place sustained upward pressure on premiums and affordability.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Overall Financial Results
Total revenues of $17.3 billion in Q4 and $67.7 billion for FY2025; net income applicable to common shareholders of $3.8 billion in Q4 and $10.2 billion for the year. Adjusted net income of $3.8 billion (Q4) or $14.31 per share and $9.3 billion for 2025 ($34.83 per share). Q4 net income improved vs. $1.9 billion in the prior-year quarter driven by better underwriting, lower catastrophes and reserve releases.
Read all positive updates
Company Guidance
The company reiterated strong capital deployment and operating targets: shareholders received $2.2 billion of cash returns in 2025, the quarterly dividend will increase 8% to $1.08 per share (payable 04/01/2026), and a $4.0 billion share‑repurchase program was authorized to follow completion of the existing $1.5 billion program (to be completed in 2026). Full‑year 2025 results included revenues of $67.7 billion, net income applicable to common shareholders of $10.2 billion (Q4: $3.8 billion), adjusted net income of $9.3 billion ($34.83 per share) for the year and $3.8 billion ($14.31) in Q4, net investment income of $3.4 billion (up >$350 million YoY) with total portfolio carrying value up ~ $73 billion to $83 billion, market‑based assets returning 6.1% and performance‑based investments returning 5.8%. On property‑liability, Allstate said it will continue driving affordability while maintaining margins: auto premiums earned +4.4% with auto policy growth +2.3% and $5.7 billion of auto underwriting income (auto combined ratio improved ~10 points; underlying auto combined ratio ex‑reserve/catastrophe items ~90), homeowners premiums +15% with policy growth +2.5% and $2.4 billion of homeowners underwriting income (recorded combined ratio 84.4; underlying 57.9; targets: recorded low‑90s / underlying low‑to‑mid‑60s); the cumulative earned‑premium impact of rate decreases and SAVE actions totaled ~$810 million (~2% of 2025 auto earned premiums). Transformative‑growth metrics cited include personal‑lines new business rising from 5.5 million (2019) to 11.6 million (2025), policies in force up to 38.1 million (from 33.5M), protection‑services PIF +3.3% to 172 million with revenue +11.7% to $3.3 billion (protection plans ≈ $2.3B), an adjusted expense ratio down 6.6 points since 2018, and marketing investment of $2.1 billion in 2025.Allstate Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 66.46B | 63.52B | 56.59B | 50.62B | 48.68B |
| Gross Profit | 22.09B | 14.50B | 7.17B | 5.68B | 12.03B |
| EBITDA | 14.04B | 6.72B | 735.00M | -648.00M | 7.88B |
| Net Income | 10.28B | 4.67B | -188.00M | -1.29B | 1.61B |
Balance Sheet | |||||
| Total Assets | 119.76B | 111.62B | 103.36B | 97.99B | 99.44B |
| Cash, Cash Equivalents and Short-Term Investments | 5.57B | 5.24B | 5.87B | 4.91B | 4.77B |
| Total Debt | 7.49B | 8.09B | 7.94B | 7.96B | 7.98B |
| Total Liabilities | 89.17B | 90.25B | 85.73B | 80.63B | 74.31B |
| Stockholders Equity | 30.61B | 21.44B | 17.77B | 17.49B | 25.18B |
Cash Flow | |||||
| Free Cash Flow | 9.88B | 8.72B | 3.96B | 4.70B | 4.77B |
| Operating Cash Flow | 10.11B | 8.93B | 4.23B | 5.12B | 5.12B |
| Investing Cash Flow | -7.25B | -8.25B | -3.00B | -1.73B | 510.00M |
| Financing Cash Flow | -2.88B | -697.00M | -1.24B | -3.42B | -5.24B |
Allstate Technical Analysis
Positive
216.16
Price Trends
208.51
Positive
205.99
Positive
202.79
Positive
Market Momentum
2.42
Negative
59.17
Neutral
74.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALL, the sentiment is Positive. The current price of 216.16 is above the 20-day moving average (MA) of 209.79, above the 50-day MA of 208.51, and above the 200-day MA of 202.79, indicating a bullish trend. The MACD of 2.42 indicates Negative momentum. The RSI at 59.17 is Neutral, neither overbought nor oversold. The STOCH value of 74.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ALL.
Allstate Risk Analysis
Allstate disclosed 5 risk factors in its most recent earnings report. Allstate reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Allstate Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $25.79B | 22.22 | 16.13% | 2.10% | 11.41% | 4.67% | |
82 Outperform | $64.59B | 9.17 | 24.14% | 1.49% | 4.12% | 83.05% | |
80 Outperform | $55.31B | 5.29 | 39.47% | 1.91% | 5.58% | 124.80% | |
78 Outperform | $126.67B | 13.86 | 15.69% | 1.22% | 8.28% | ― | |
78 Outperform | $37.48B | 10.99 | 22.01% | 1.55% | 6.90% | 41.67% | |
72 Outperform | $118.15B | 10.30 | 45.09% | 2.20% | 13.89% | 32.56% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
ALL
Allstate
216.40
21.84
11.23%
CB
Chubb
330.34
47.93
16.97%
CINF
Cincinnati Financial
164.96
28.87
21.22%
HIG
Hartford Insurance
138.79
18.14
15.04%
PGR
Progressive
203.03
-61.54
-23.26%
TRV
Travelers Companies
310.02
50.01
19.23%
Allstate Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Allstate Posts January Catastrophe Loss and Policy Update
Neutral
Feb 19, 2026
Allstate disclosed that its January 2026 monthly update on estimated catastrophe losses and policies in force has been made available on its investor website for market participants. The information, furnished rather than filed as part of a regula...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Allstate Issues Monthly Catastrophe Loss and Policy Update
Neutral
Jan 15, 2026
In December 2025, Allstate published its monthly release detailing estimated catastrophe losses and policies in force, making the information available on its investor website. The disclosure, provided as an exhibit to a regulatory filing, supplie...
Business Operations and StrategyFinancial Disclosures
Allstate Issues November 2025 Catastrophe Loss Update
Neutral
Dec 18, 2025
Allstate announced that its November 2025 monthly update detailing estimated catastrophe losses and policies in force has been made available to investors via its website. The release signals the company’s ongoing practice of providing regul...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.