Financials The Allstate Corporation

Equities

ALL

US0200021014

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:03 2026-02-12 pm EST			5-day change	1st Jan Change
206.56 ^USD	+0.89%		-4.01%	-0.76%

Feb. 11	Keefe Bruyette & Woods Adjusts Allstate PT to $260 From $254, Maintains Outperform Rating	MT
Feb. 09	HSBC Adjusts Price Target on Allstate to $244 From $239, Maintains Buy Rating	MT

Projected Income Statement: The Allstate Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	37,073	42,218	50,340	57,094	64,106	67,685	71,845	75,444
Change	-	13.88%	19.24%	13.42%	12.28%	5.58%	6.15%	5.01%
EBITDA	-	-	-	1,459	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	6,262	5,044	-424	755	6,613	12,303	9,134	8,582
Change	-	-19.46%	-108.41%	278.07%	775.89%	86.04%	-25.75%	-6.04%
Interest Paid ¹	-318	-330	-335	-379	-400	-399	-396.8	-400
Earnings before Tax (EBT) ¹	6,959	6,448	-1,858	-348	5,761	13,156	8,048	7,830
Change	-	-7.34%	-128.82%	81.27%	1,755.46%	128.36%	-38.83%	-2.71%
Net income ¹	5,461	1,485	-1,416	-316	4,550	10,165	6,462	6,262
Change	-	-72.81%	-195.35%	77.68%	1,539.87%	123.41%	-36.42%	-3.11%
Announcement Date	2/3/21	2/2/22	2/1/23	2/7/24	2/5/25	2/4/26	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	9,279	10,307	10,444	10,615	10,852	12,604	12,953	13,375	13,742	13,786	13,979	14,497	14,832	15,259	15,714	16,627	16,506	16,452	16,633	17,255	17,345	17,298	17,692	18,034	18,294	18,057	18,551	18,899
Change	-	11.08%	1.33%	1.64%	2.23%	16.14%	2.77%	3.26%	2.74%	0.32%	1.4%	3.71%	2.31%	2.88%	2.98%	5.81%	-0.73%	-0.33%	1.1%	3.74%	0.52%	-0.27%	2.28%	1.93%	1.44%	-1.3%	2.74%	1.88%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	2,458	-	-	970	916	-267	-584	-489	-396	-	-	-	1,719	691	1,375	2,759	1,305	2,111	3,896	4,991	2,666	1,766	1,799	2,886	-	-	-
Change	-	-	-	-	-	-5.57%	-129.15%	-118.73%	16.27%	19.02%	-	-	-	-	-59.8%	98.99%	100.65%	-52.7%	61.76%	84.56%	28.11%	-46.58%	-33.77%	1.9%	60.41%	-	-	-
Charge d'intérêts ¹	-80	-86	-91	-69	-84	-83	-83	-85	-84	-86	-98	-88	-107	-97	-98	-104	-101	-100	-100	-101	-98	-98.25	-98.25	-98.25	-98.25	-98	-98	-98
Earnings before Tax (EBT) ¹	3,310	3,032	1,797	226	1,393	797	-	-	-	-	-1,748	-21	1,827	1,464	430	1,418	2,449	719	2,703	4,819	4,915	2,384	1,314	1,845	2,687	1,996	1,242	1,874
Change	-	-8.4%	-40.73%	-87.42%	516.37%	-42.79%	-	-	-	-	-	98.8%	8,800%	-19.87%	-70.63%	229.77%	72.71%	-70.64%	275.94%	78.28%	1.99%	-51.49%	-44.89%	40.41%	45.64%	-25.72%	-37.78%	50.89%
Net income ¹	2,598	-1,408	1,595	508	790	630	-1,042	-694	-310	-346	-1,389	-41	1,460	1,189	301	1,161	1,899	566	2,079	3,717	3,803	1,875	1,017	1,468	2,084	1,713	961.5	1,334
Change	-	-154.2%	213.28%	-68.15%	55.51%	-20.25%	-265.4%	33.4%	55.33%	-11.61%	-301.45%	97.05%	3,660.98%	-18.56%	-74.68%	285.71%	63.57%	-70.19%	267.31%	78.79%	2.31%	-50.7%	-45.77%	44.43%	41.9%	-17.79%	-43.87%	38.79%
Announcement Date	2/3/21	5/5/21	8/4/21	11/3/21	2/2/22	5/4/22	8/3/22	11/2/22	2/1/23	5/3/23	8/1/23	11/1/23	2/7/24	5/1/24	7/31/24	10/30/24	2/5/25	4/30/25	7/30/25	11/5/25	2/4/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: The Allstate Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	7,220	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	2/3/21	2/2/22	2/1/23	2/7/24	2/5/25	2/4/26	-	-

Estimates

Cash Flow Forecast: The Allstate Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	433	308	345	420	267	210
Change	-	-28.87%	12.01%	21.74%	-36.43%	-21.35%
Free Cash Flow (FCF) ¹	-11,136	2,701	21,408	5,834	4,055	7,450
Change	-	124.25%	692.64%	-72.75%	-30.49%	83.71%
Announcement Date	2/21/20	2/22/21	2/18/22	2/16/23	2/21/24	2/24/25

¹USD in Million

Estimates

Forecast Financial Ratios: The Allstate Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	2.56%	-	-	-	-
EBIT Margin (%)	-	16.89%	11.95%	-0.84%	1.32%	10.32%	18.18%	12.71%	11.38%
EBT Margin (%)	-	18.77%	15.27%	-3.69%	-0.61%	8.99%	19.44%	11.2%	10.38%
Net margin (%)	-	14.73%	3.52%	-2.81%	-0.55%	7.1%	15.02%	8.99%	8.3%
FCF margin (%)	-	-	-	-	6.94%	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-1,253.48%	-	-	-	-
Profitability
ROA	-	3.78%	1.32%	-1.43%	-0.38%	4.23%	8.79%	4.8%	4.3%
ROE	-	19.8%	14.56%	-1.23%	1.5%	25.84%	39.06%	21.54%	19%
Financial Health
Leverage (Debt/EBITDA)	0.95x	0.86x	0.95x	-12.11x	8.28x	1.12x	-	-	-
Debt / Free cash flow	-0.62x	2.95x	0.36x	1.3x	1.85x	1.02x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	0.82%	0.83%	0.47%	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	18.3%	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	6.74%	-	-	-	-
Items per share
Cash flow per share ¹	-	17.4	-	18.88	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	2.16	3.24	3.4	3.56	3.68	4	4.361	4.63
Change	-	-	50%	4.94%	4.71%	3.37%	8.7%	9.9%	6.16%
Book Value Per Share ¹	-	91.5	81.52	58.07	59.39	72.35	108.4	127.5	145.1
Change	-	-	-10.91%	-28.77%	2.27%	21.82%	49.9%	19.26%	13.8%
EPS ¹	-	17.31	4.96	-5.22	-1.2	16.99	38.06	25.65	26.13
Change	-	-	-71.35%	-205.24%	77.01%	1,515.83%	124.01%	-15.38%	1.87%
Nbr of stocks (in thousands)	-	304,068	286,676	265,210	261,687	264,803	260,136	260,136	260,136
Announcement Date	-	2/3/21	2/2/22	2/1/23	2/7/24	2/5/25	2/4/26	-	-