Financials The Allstate Corporation

Equities

ALL

US0200021014

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:02 2024-10-08 pm EDT			5-day change	1st Jan Change
182.87 ^USD	+0.89%		-3.69%	+30.64%

Oct. 08	Property Insurance Stocks Extend Slide on Hurricane Milton Fears	MT
Oct. 07	US property and casualty insurers slump as hurricane season brings losses	RE

Projected Income Statement: The Allstate Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	36,076	37,073	42,218	50,340	57,094	63,026	68,490	72,609
Change	-	2.76%	13.88%	19.24%	13.42%	10.39%	8.67%	6.01%
EBITDA	-	-	-	-	1,459	-	-	-
Change	-	-	-	-	-	-100%	-	-
EBIT ¹	4,907	6,262	5,044	-71	755	5,340	7,124	7,916
Change	-	27.62%	-19.46%	-	-	607.23%	33.41%	11.13%
Interest Paid ¹	-327	-318	-330	-335	-379	-391.6	-396	-395.8
Earnings before Tax (EBT) ¹	6,089	6,959	6,448	-1,858	-348	4,742	6,241	6,599
Change	-	14.29%	-7.34%	-	-81.27%	-	31.63%	5.73%
Net income ¹	4,678	5,461	1,485	-1,416	-316	3,739	4,864	5,244
Change	-	16.74%	-72.81%	-	-77.68%	-	30.09%	7.83%
Announcement Date	2/4/20	2/3/21	2/2/22	2/1/23	2/7/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	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
Net sales ¹	9,094	9,194	9,235	9,223	9,336	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	15,698	16,189	16,535	16,967	17,813	18,233	18,617	19,225
Change	-	1.1%	0.45%	-0.13%	1.23%	-0.61%	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%	-0.1%	3.13%	2.14%	2.61%	4.99%	2.36%	2.11%	3.27%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	-	-	-	-	2,458	-	-	970	916	-180	-494	-400	-396	-	-	-	1,719	691	1,116	1,903	1,936	1,261	-	-	-	-
Change	-	-	-	-	-	-	-	-100%	-	-	-5.57%	-	174.44%	-19.03%	-1%	-100%	-	-	-	-59.8%	61.48%	70.53%	1.74%	-34.86%	-100%	-	-	-
Charge d'intérêts ¹	-80	-82	-81	-79	-78	-80	-86	-91	-69	-84	-83	-83	-85	-84	-86	-98	-88	-107	-97	-98	-97	-97	-97.75	-98.5	-98.5	-98.5	-100	-100
Earnings before Tax (EBT) ¹	1,160	2,231	661	1,546	1,442	3,310	3,032	1,797	226	1,393	797	-	-	-	-	-1,748	-21	1,827	1,464	430	1,043	1,813	1,656	809	1,077	1,984	2,040	913.5
Change	-	92.33%	-70.37%	133.89%	-6.73%	129.54%	-8.4%	-40.73%	-87.42%	516.37%	-42.79%	-100%	-	-	-	-	-98.8%	-	-19.87%	-70.63%	142.56%	73.79%	-8.64%	-51.15%	33.13%	84.22%	2.82%	-55.22%
Net income ¹	889	1,707	513	1,224	1,126	2,598	-1,408	1,595	508	790	630	-1,042	-694	-310	-346	-1,389	-41	1,460	1,189	301	758.3	1,398	1,486	631.2	917.8	1,572	1,602	704.5
Change	-	92.01%	-69.95%	138.6%	-8.01%	130.73%	-	-	-68.15%	55.51%	-20.25%	-	-33.4%	-55.33%	11.61%	301.45%	-97.05%	-	-18.56%	-74.68%	151.94%	84.33%	6.32%	-57.53%	45.41%	71.28%	1.94%	-56.04%
Announcement Date	10/29/19	2/4/20	5/5/20	8/4/20	11/4/20	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	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: The Allstate Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	7,220	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	2/4/20	2/3/21	2/2/22	2/1/23	2/7/24	-	-	-

Estimates

Cash Flow Forecast: The Allstate Corporation

Fiscal Period: December	2018	2019	2020	2021	2022	2023
CAPEX ¹	277	433	308	345	420	267
Change	-	56.32%	-28.87%	12.01%	21.74%	-36.43%
Free Cash Flow (FCF) ¹	-12,924	-11,136	2,701	21,408	5,834	4,055
Change	-	-13.83%	-124.25%	692.64%	-72.75%	-30.49%
Announcement Date	2/15/19	2/21/20	2/22/21	2/18/22	2/16/23	2/21/24

¹USD in Million

Estimates

Forecast Financial Ratios: The Allstate Corporation

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	-	2.56%	-	-	-
EBIT Margin (%)	-	13.6%	16.89%	11.95%	-0.14%	1.32%	8.47%	10.4%	10.9%
EBT Margin (%)	-	16.88%	18.77%	15.27%	-3.69%	-0.61%	7.52%	9.11%	9.09%
Net margin (%)	-	12.97%	14.73%	3.52%	-2.81%	-0.55%	5.93%	7.1%	7.22%
FCF margin (%)	-	-	-	-	-	6.94%	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-1,253.48%	-	-	-
Profitability
ROA	-	3%	3.78%	1.32%	-1.43%	-0.38%	3.5%	3.8%	4.2%
ROE	-	16.9%	19.8%	14.56%	-1.23%	1.5%	22.81%	23.15%	22.94%
Financial Health
Leverage (Debt/EBITDA)	1.62x	0.95x	0.86x	0.95x	-12.11x	8.28x	-	-	-
Debt / Free cash flow	-0.46x	-0.62x	2.95x	0.36x	1.3x	1.85x	-	-	-
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	2.16	3.24	3.4	3.56	3.713	3.832	3.989
Change	-	-	8%	50%	4.94%	4.71%	4.3%	3.22%	4.08%
Book Value Per Share ¹	-	73.12	91.5	81.52	58.07	59.39	69.35	81.84	94.72
Change	-	-	25.14%	-10.91%	-28.77%	2.27%	16.78%	18%	15.74%
EPS ¹	-	14.03	17.31	4.96	-5.22	-1.2	14.08	18.14	19.31
Change	-	-	23.38%	-71.35%	-205.24%	-77.01%	-1,273.75%	28.75%	6.46%
Nbr of stocks (in thousands)	-	323,956	304,068	286,676	265,210	261,687	263,912	263,912	263,912
Announcement Date	-	2/4/20	2/3/21	2/2/22	2/1/23	2/7/24	-	-	-