Cash flow The Allstate Corporation

Equities

ALL

US0200021014

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:02 2024-09-06 pm EDT			5-day change	1st Jan Change
185.36 ^USD	-0.22%		-1.89%	+32.42%

Sep. 06	Citigroup Adjusts Allstate Price Target to $215 From $209, Maintains Buy Rating	MT
Sep. 03	TD Cowen Adjusts Allstate Price Target to $224 From $193, Maintains Buy Rating	MT

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Published financial data: THE ALLSTATE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	38.58B	39.52B	44.04B	47.74B	52.52B
Total Interest And Dividend Income	2.69B	2.52B	1.32B	1.42B	1.98B
Gain (Loss) on Sale of Investments, Total (Rev)	1.88B	1.36B	1.08B	-1.07B	-300M
Other Revenues, Total	1.52B	1.4B	4.14B	3.33B	2.9B
Total Revenues	44.68B	44.79B	50.59B	51.41B	57.09B
Policy Benefits	26.66B	24.88B	30.37B	38.32B	42.14B
Policy Acquisition / Underwriting Costs, Total	5.53B	5.63B	6.25B	6.64B	7.28B
Amortization of Goodwill and Intangible Assets - (IS)	126M	118M	376M	353M	329M
Selling General & Admin Expenses, Total	5.69B	5.69B	7.24B	7.45B	7.14B
Salaries And Other Employee Benefits	114M	-51M	-644M	116M	9M
Total Operating Expenses	38.12B	36.27B	43.59B	52.88B	56.89B
Operating Income	6.56B	8.52B	7B	-1.47B	200M
Interest Expense, Total	-327M	-318M	-330M	-335M	-379M
EBT, Excl. Unusual Items	6.23B	8.2B	6.67B	-1.81B	-179M
Restructuring Charges	-41M	-259M	-170M	-51M	-169M
Total Merger & Related Restructuring Charges	-	-	-22M	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Assets	6M	4M	-	-	-
Asset Writedown	-106M	-41M	-	-	-
Other Unusual Items	-	-948M	-29M	-	-
EBT, Incl. Unusual Items	6.09B	6.96B	6.45B	-1.86B	-348M
Income Tax Expense	1.24B	1.38B	1.29B	-494M	-135M
Earnings From Continuing Operations	4.85B	5.58B	5.16B	-1.36B	-213M
Earnings Of Discontinued Operations	-	-	-3.59B	-	-
Net Income to Company	4.85B	5.58B	1.57B	-1.36B	-213M
Minority Interest	-	-	33M	53M	25M
Net Income - (IS)	4.85B	5.58B	1.6B	-1.31B	-188M
Preferred Dividend and Other Adjustments	169M	115M	114M	105M	128M
Net Income to Common Incl Extra Items	4.68B	5.46B	1.48B	-1.42B	-316M
Net Income to Common Excl. Extra Items	4.68B	5.46B	5.08B	-1.42B	-316M
Per Share Items
Net EPS - Basic	14.25	17.53	5.04	-5.22	-1.2
Basic EPS - Continuing Operations	14.25	17.53	17.23	-5.22	-1.2
Basic Weighted Average Shares Outstanding	328M	312M	295M	271M	262M
Net EPS - Diluted	14.03	17.31	4.97	-5.22	-1.2
Diluted EPS - Continuing Operations	14.03	17.31	16.98	-5.22	-1.2
Diluted Weighted Average Shares Outstanding	334M	316M	299M	271M	262M
Normalized Basic EPS	11.86	16.45	14.25	-3.97	-0.33
Normalized Diluted EPS	11.68	16.25	14.05	-3.97	-0.33
Dividend Per Share	2	2.16	3.24	3.4	3.56
Payout Ratio	16.24	13.92	62.48	-78.64	-548.94
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	7.2B	9.21B	8.08B	-625M	904M
EBITA	6.68B	8.64B	7.38B	-1.12B	529M
EBIT	6.56B	8.52B	7B	-1.47B	200M
EBITDAR	7.38B	9.37B	8.25B	-494M	1.01B
Total Revenues (As Reported)	44.68B	44.79B	50.59B	51.41B	57.09B
Effective Tax Rate - (Ratio)	20.4	19.87	19.99	26.59	38.79
Total Current Taxes	991M	1.5B	841M	-36M	114M
Total Deferred Taxes	251M	-116M	448M	-458M	-249M
Normalized Net Income	3.89B	5.13B	4.2B	-1.08B	-86.88M
Non-Cash Pension Expense	-124M	-321M	-932M	-1M	-54M
Supplemental Operating Expense Items
Net Rental Expense, Total	171M	166M	162M	131M	102M
Imputed Operating Lease Interest Expense	65.46M	54.3M	50.98M	41.92M	38.25M
Imputed Operating Lease Depreciation	106M	112M	111M	89.08M	63.75M
Stock-Based Comp., Other (Total)	79M	137M	129M	102M	87M
Total Stock-Based Compensation	79M	137M	129M	102M	87M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	59.04B	66.35B	42.14B	42.48B	48.86B
Investment In Equity and Preferred Securities, Total	16.24B	12.32B	15.08B	12.68B	10.79B
Trading Asset Securities, Total	-	-	1M	3M	2M
Real Estate Owned	1B	974M	809M	813M	709M
Mortgage Loans	4.82B	4.08B	821M	762M	822M
Policy Loans	894M	754M	148M	120M	119M
Total Other Investments	4.35B	7.91B	4.12B	4.28B	5.15B
Total investments	86.35B	92.38B	63.12B	61.14B	66.45B
Cash And Equivalents	338M	377M	763M	736M	722M
Reinsurance Recoverable - (IS)	9.21B	9.22B	10.02B	9.61B	8.81B
Other Receivables - (Insurance Template)	8.94B	8.73B	10.28B	10.27B	10.81B
Deferred Policy Acquisition Costs - (BS)	4.7B	4.7B	4.72B	5.42B	5.94B
Separate Account Assets	3.04B	3.34B	-	-	-
Gross Property Plant And Equipment	4.23B	4.26B	3.69B	3.67B	3.61B
Accumulated Depreciation	-2.6B	-2.81B	-2.44B	-2.45B	-2.59B
Net Property Plant And Equipment	1.63B	1.45B	1.25B	1.22B	1.02B
Goodwill	2.54B	2.54B	3.5B	3.5B	3.5B
Other Intangibles, Total	481M	453M	1.42B	1.18B	966M
Other Current Assets, Total	157M	220M	84M	110M	125M
Deferred Tax Assets Long-Term (Collected)	-	-	-	386M	219M
Deferred Charges Long-Term	27M	25M	-	-	-
Other Long-Term Assets, Total	2.53B	2.54B	4.28B	4.38B	4.8B
Total Assets	120B	126B	99.44B	97.96B	103B
Liabilities
Insurance And Annuity Liabilities	29.53B	29.46B	2.18B	2.17B	2.24B
Unpaid Claims	28.64B	28.57B	34.18B	38.81B	41.21B
Unearned Premiums	15.34B	15.95B	19.84B	22.31B	24.71B
Current Portion of Long-Term Debt	-	-	2M	750M	351M
Current Portion of Leases	133M	120M	95M	100M	92M
Short-Term Borrowings	-	-	-	-	-
Long-Term Debt	6.63B	7.82B	7.98B	7.21B	7.59B
Long-Term Leases	453M	391M	370M	243M	173M
Separate Account Liability	3.04B	3.34B	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	507M	657M	12M	12M	5M
Pension & Other Post Retirement Benefits	1.34B	1.09B	284M	284M	185M
Deferred Tax Liability Non-Current	1.15B	1.36B	833M	-	-
Other Non Current Liabilities	7.17B	7B	8.53B	8.71B	9.18B
Total Liabilities	93.95B	95.77B	74.31B	80.61B	85.73B
Preferred Stock - Others	2.25B	1.97B	1.97B	1.97B	2B
Total Preferred Equity	2.25B	1.97B	1.97B	1.97B	2B
Common Stock, Total	9M	9M	9M	9M	9M
Additional Paid In Capital	3.46B	3.5B	3.72B	3.79B	3.85B
Retained Earnings	48.07B	52.77B	53.29B	50.95B	49.72B
Treasury Stock	-29.75B	-31.33B	-34.47B	-36.86B	-37.11B
Comprehensive Income and Other	1.95B	3.3B	655M	-2.39B	-700M
Total Common Equity	23.75B	28.25B	23.21B	15.5B	15.77B
Minority Interest	-	-	-52M	-125M	-140M
Total Equity	26B	30.22B	25.13B	17.35B	17.63B
Total Liabilities And Equity	120B	126B	99.44B	97.96B	103B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	317M	303M	278M	263M	263M
ECS Total Common Shares Outstanding	319M	304M	281M	263M	262M
Book Value / Share	74.45	92.92	82.59	58.95	60.19
Tangible Book Value	20.72B	25.25B	18.29B	10.83B	11.3B
Tangible Book Value Per Share	64.97	83.06	65.08	41.16	43.13
Total Debt	7.22B	8.34B	8.44B	8.31B	8.21B
Net Debt	6.88B	7.96B	7.68B	7.57B	7.49B
Debt Equivalent of Unfunded Proj. Benefit Obligation	947M	776M	-25M	81M	144M
Debt Equivalent Oper. Leases	1.37B	1.33B	1.3B	1.05B	816M
Minority Interest, Total (Incl. Fin. Div)	-	-	-52M	-125M	-140M
Equity Method Investments, Total	8.08B	7.61B	8.02B	8.11B	8.38B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	45.78K	41.86K	54.3K	54K	53K
Part Time Employees	510	300	400	500	400

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.85B	5.58B	1.6B	-1.31B	-188M
Depreciation, Depletion & Amortization	521M	568M	710M	494M	375M
Amortization of Goodwill and Intangible Assets - (CF)	126M	118M	376M	353M	329M
Total Depreciation, Depletion & Amortization	647M	686M	1.09B	847M	704M
(Gain) Loss On Sale of Asset - (CF)	-6M	43M	-304M	1M	4M
(Gain) Loss on Sale of Investments - (CF)	-1.9B	-1.35B	-1.02B	1.94B	212M
Total Asset Writedown	106M	-	-	-	-
Deferred Policy Acquisition Costs - (CF)	-85M	-125M	-608M	-702M	-489M
Change in Accounts Receivable	-299M	-3M	-498M	-1.04B	-861M
Reinsurance Recoverable - (CF)	320M	-11M	-1.56B	408M	807M
Change in Unearned Revenues	801M	598M	1.62B	2.54B	2.38B
Change In Income Taxes	487M	-232M	349M	-721M	-229M
Change in insurance Reserves / Liabilities	-508M	-682M	1.98B	4.5B	2.2B
Change in Other Net Operating Assets (Collected)	-50M	457M	-1.37B	-541M	-387M
Net Cash From Discontinued Operations	-	-	4.12B	-	-
Other Operating Activities	769M	534M	-282M	-811M	68M
Cash from Operations	5.13B	5.49B	5.12B	5.12B	4.23B
Capital Expenditure	-433M	-308M	-345M	-420M	-267M
Sale of Property, Plant, and Equipment	-	-	-	209M	27M
Cash Acquisitions	-18M	1M	-3.59B	-	-
Divestitures	-	-	2.06B	-	-
Investment in Marketable and Equity Securities, Total	-2.21B	-3.79B	1.75B	-1.58B	-2.7B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-149M	653M	639M	59M	-64M
Cash from Investing	-2.81B	-3.44B	510M	-1.73B	-3B
Long-Term Debt Issued, Total	491M	1.19B	-	-	743M
Total Debt Issued	491M	1.19B	-	-	743M
Long-Term Debt Repaid, Total	-317M	-	-436M	-	-750M
Total Debt Repaid	-317M	-	-436M	-	-750M
Issuance of Common Stock	120M	63M	114M	82M	73M
Repurchase of Common Stock	-1.74B	-1.74B	-3.12B	-2.52B	-335M
Issuance of Preferred Stock	1.41B	-	-	-	587M
Repurchase of Preferred Stock	-1.13B	-288M	-450M	-	-575M
Common Dividends Paid	-653M	-668M	-885M	-926M	-925M
Preferred Dividends Paid	-134M	-108M	-114M	-105M	-107M
Common & Preferred Stock Dividends Paid	-787M	-776M	-999M	-1.03B	-1.03B
Annuity Receipts	996M	991M	826M	133M	130M
Annuity Payments	-1.66B	-1.49B	-1.14B	-49M	-35M
Other Financing Activities, Total	129M	41M	-35M	-35M	-49M
Cash from Financing	-2.48B	-2.01B	-5.24B	-3.42B	-1.24B
Net Change in Cash	-161M	39M	386M	-27M	-14M
Supplemental Items
Cash Interest Paid	312M	311M	321M	323M	355M
Cash Income Tax Paid (Refund)	648M	1.48B	1.05B	95M	-45M
Net Debt Issued / Repaid	174M	1.19B	-436M	-	-7M
Levered Free Cash Flow	-11.14B	2.7B	21.41B	5.83B	4.06B
Unlevered Free Cash Flow	-10.93B	2.9B	21.61B	6.04B	4.29B
Change In Net Working Capital	15.32B	2.94B	-16.37B	-6.43B	-3.64B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.53	4.33	3.88	-0.93	0.12
Return on Total Capital	13.44	14.84	12.13	-3.11	0.49
Return On Equity %	20.49	19.84	18.64	-6.42	-1.22
Return on Common Equity	21.69	21	19.74	-7.32	-2.02
Margin Analysis
Gross Profit Margin %	27.95	31.88	27.61	12.53	13.44
SG&A Margin	12.99	12.59	13.03	14.71	12.52
EBITDA Margin %	16.13	20.56	15.98	-1.22	1.58
EBITA Margin %	14.96	19.29	14.58	-2.18	0.93
EBIT Margin %	14.68	19.02	13.84	-2.86	0.35
Income From Continuing Operations Margin %	10.85	12.45	10.2	-2.65	-0.37
Net Income Margin %	10.85	12.45	3.16	-2.55	-0.33
Net Avail. For Common Margin %	10.47	12.19	10.04	-2.75	-0.55
Normalized Net Income Margin	8.72	11.45	8.3	-2.09	-0.15
Levered Free Cash Flow Margin	-24.93	6.03	42.32	11.35	7.1
Unlevered Free Cash Flow Margin	-24.47	6.47	42.73	11.75	7.52
Asset Turnover
Asset Turnover