Allstate Corp Stock Research

Market Summary

USD112.10+1.49

Market Closed

1.35%

ALL Alerts

1 major insider sales recently.
Big fall in earnings (Y/Y)
Losses in recent quarter

ALL Stock Price

ALL RSI Chart

ALL Valuation

Market Cap

29.5B

Price/Earnings (Trailing)

-20.82

Price/Sales (Trailing)

0.57

Price/Free Cashflow

6.27

ALL Price/Sales (Trailing)

ALL Profitability

Return on Equity

-8.1%

Return on Assets

-1.45%

Free Cashflow Yield

15.95%

ALL Fundamentals

ALL Revenue

Revenue (TTM)

51.4B

Revenue Y/Y

4.89%

Revenue Q/Q

3.32%

ALL Earnings

Earnings (TTM)

-1.4B

Earnings Y/Y

-139.24%

Earnings Q/Q

55.33%

Price Action

52 Week Range

107.86143.55

(Low)(High)

Last 7 days

-9.6%

Last 30 days

-19.0%

Last 90 days

-16.4%

Trailing 12 Months

-12.4%

ALL Financial Health

Debt/Equity

0.46

Debt/Cashflow

0.64

ALL Investor Care

Dividend Yield

3.03%

Dividend/Share (TTM)

3.4

Buy Backs (1Y)

6.41%

Diluted EPS (TTM)

-5.32

Peers (Alternatives to Allstate)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PGR	83.5B	49.6B	-3.33%	25.86%	115.74	1.68	4.00%	-78.47%
TRV	40.0B	36.9B	-11.25%	-6.12%	14.06	1.08	5.94%	-22.39%
AIG	38.3B	56.4B	-22.60%	-17.13%	3.73	0.68	8.41%	9.46%
ALL	29.5B	51.4B	-18.97%	-12.44%	-20.82	0.57	1.63%	-195.35%
RE	24.8B	12.1B	-11.42%	23.49%	41.48	2.05	1.63%	-56.71%
HIG	23.3B	22.4B	-16.76%	-3.54%	11.93	1.05	-0.13%	-23.26%
Y	11.4B	6.8B	0.57%	29.95%	32.11	0.97	-36.57%	-61.35%
AFG	10.2B	7.0B	-13.98%	-9.38%	11.39	1.45	7.45%	-54.99%
MID-CAP
RNR	8.6B	6.3B	-14.12%	28.23%	-8.11	1.36	21.94%	-2542.77%
ESGR	4.0B	-	-8.96%	-17.12%	-4.13	4.2	-80.45%	-283.49%
SMALL-CAP
HMN	1.4B	1.4B	-7.46%	-16.42%	-543.45	1.02	3.97%	-101.82%
PLMR	1.4B	327.1M	6.70%	-11.03%	26.51	4.23	39.88%	13.79%
PRA	1.0B	1.1B	-7.52%	-28.26%	-2.5K	0.91	-1.58%	-100.28%
JRVR	812.7M	813.7M	-5.54%	1.51%	26.24	1	5.28%	117.92%

Financials for Allstate

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.3%	51,412	50,776	50,048	50,474	50,588
Interest Expenses	0%	335	335	319	327	330
Net Income	-348.1%	-1,416	-316	886	3,523	1,485
Net Income Margin	-342.6%	-0.03*	-0.01*	0.02*	0.07*	-
Free Cahsflow	2.0%	4,701	4,611	3,929	3,746	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.3%	97,957	97,676	96,350	97,150	99,440
Cash Equivalents	-6.4%	736	786	766	1,130	763
Net PPE	-2.1%	987	1,008	975	966	939
Goodwill	0%	3,502	3,502	3,496	3,497	3,502
Liabilities	0.6%	80,607	80,115	76,326	74,012	74,313
Long Term Debt	0.0%	7,964	7,967	7,970	7,973	7,976
Shareholder's Equity	-1.1%	17,475	17,673	20,115	23,212	25,179
Retained Earnings	-1.0%	50,954	51,490	52,412	53,688	53,294
Additional Paid-In Capital	0.6%	3,788	3,765	3,740	3,706	3,722
Accumulated Depreciation	-	2,440	-	-	-	-
Shares Outstanding	-1.1%	263	266	271	276	281
Minority Interest	-11.6%	-125	-112	-91.00	-74.00	-52.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	2.0%	5,121	5,022	4,305	4,160	5,116
Share Based Compensation	-	120	-	-	-	-
Cashflow From Investing	-63.0%	-1,728	-1,060	529	978	510
Cashflow From Financing	15.0%	-3,420	-4,022	-4,882	-4,806	-5,240
Dividend Payments	-0.8%	926	933	942	951	885
Buy Backs	-16.4%	2,520	3,013	3,574	3,455	3,120

Risks for ALL

What is the probability of a big loss on ALL?

50.8%

Probability that Allstate stock will be more than 20% underwater in next one year

19.2%

Probability that Allstate stock will be more than 30% underwater in next one year.

18.1%

Probability that Allstate stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ALL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Allstate was unfortunately bought at previous high price.

Drawdowns

Returns for ALL

Cumulative Returns on ALL

10.8%

10-Year Cumulative Returns

9.6%

7-Year Cumulative Returns

4.5%

5-Year Cumulative Returns

8.0%

3-Year Cumulative Returns

What are the long-term rolling returns for ALL?

FIve years rolling returns for Allstate.

Annualized Returns

Which funds bought or sold ALL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-21.51	-97,057	592,943	0.02%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.15	23,511,200	293,078,000	0.32%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	reduced	-2.6	469,750	8,228,750	3.12%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-38.97	-36,588,000	72,490,000	0.36%
2023-03-03	Crumly & Associates Inc.	reduced	-3.21	25,631	502,631	0.19%
2023-03-03	TIAA, FSB	reduced	-81.48	-12,063,100	3,046,930	0.01%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	111,870	111,870	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	594	7,594	-%
2023-03-01	SMITHBRIDGE ASSET MANAGEMENT INC/DE	reduced	-1.45	40,000	590,000	0.16%
2023-02-28	Voya Investment Management LLC	reduced	-41.87	-11,416,800	19,693,200	0.03%

Latest Funds Activity

Are funds buying ALL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ALL

No. of Funds

Allstate News

Schedule 13G FIlings of Allstate

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.60%	25,452,561	SC 13G/A
Feb 08, 2023	state street corp	4.76%	12,633,281	SC 13G/A
Feb 03, 2023	blackrock inc.	8.2%	21,752,824	SC 13G/A
Feb 10, 2022	state street corp	5.00%	14,334,930	SC 13G/A
Feb 09, 2022	vanguard group inc	8.41%	24,105,686	SC 13G/A
Feb 01, 2022	blackrock inc.	8.2%	23,429,927	SC 13G/A
Feb 12, 2021	state street corp	4.82%	14,668,153	SC 13G/A
Feb 10, 2021	vanguard group inc	7.43%	22,581,478	SC 13G/A
Jan 29, 2021	blackrock inc.	8.5%	25,697,698	SC 13G/A
Feb 13, 2020	state street corp	5.02%	16,266,988	SC 13G

ALL Fair Value

Allstate fair value in different scenarios

The table shows the Fair Value estimates for Allstate for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	113.64 1.37%	173.40 54.68%	223.56 99.43%	284.33 153.64%	329.24 193.70%
Current Inflation	105.82 -5.60%	157.36 40.37%	199.23 77.73%	250.12 123.12%	287.50 156.47%
Very High Inflation	96.00 -14.36%	137.93 23.04%	170.48 52.08%	210.31 87.61%	239.34 113.51%

Historical Allstate Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Allstate

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	8-K	Current Report
Mar 02, 2023	4/A	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading

Latest Insider Trading transactions for ALL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-22	Merten Jesse E	acquired	3,577,540	92.541	38,659	evp & chief financial officer
2023-02-22	Merten Jesse E	sold	-3,951,590	134	-29,451	evp & chief financial officer
2023-02-22	Merten Jesse E	sold (taxes)	-990,281	134	-7,372	evp & chief financial officer
2023-02-22	Merten Jesse E	sold (taxes)	-983,161	134	-7,319	evp & chief financial officer
2023-02-19	Merten Jesse E	acquired	-	-	5,389	evp & chief financial officer
2023-02-19	Pintozzi John C	acquired	-	-	283	svp, controller, and cao
2023-02-19	WILSON THOMAS J	sold (taxes)	-3,794,640	135	-28,098	chairman, president & ceo
2023-02-19	WILSON THOMAS J	acquired	-	-	65,937	chairman, president & ceo

About Allstate

Thomas J. Wilson

www.allstate.com

54700

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 Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names. The Protection Services segment provides consumer product protection plans and related technical support for mobile phones, consumer electronics, furniture, and appliances; finance and insurance products, including vehicle service contracts, guaranteed asset protection waivers, road hazard tire and wheel, and paint and fabric protection; roadside assistance; device and mobile data collection services; data and analytic solutions using automotive telematics information; and identity protection services. This segment offers its products under various brands including Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside Services, Arity, and Allstate Identity Protection. The Allstate Health and Benefits provides life, accident, critical illness, short-term disability, and other health insurance products. The Run-off Property-Liability offers property and casualty insurance. It sells its products through call centers, agencies, financial specialists, independent agents, brokers, wholesale partners, and affinity groups, as well as through online and mobile applications. The Allstate Corporation was founded in 1931 and is based in Northbrook, Illinois.

ALL Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Property and casualty insurance premiums (net of reinsurance ceded and indemnification programs of $1,869, $1,904 and $1,141)	$ 47,737	$ 44,039	$ 38,167
Other revenue	2,344	2,172	1,065
Net investment income	2,403	3,293	1,590
Net gains (losses) on investments and derivatives	(1,072)	1,084	1,087
Total revenues	51,412	50,588	41,909
Costs and expenses
Property and casualty insurance claims and claims expense (net of reinsurance ceded and indemnification programs of $1,600, $3,484 and $530)	37,264	29,318	22,001
Shelter-in-Place Payback expense	0	29	948
Accident, health and other policy benefits (net of reinsurance ceded of $28, $86 and $15)	1,061	1,049	549
Amortization of deferred policy acquisition costs	6,644	6,252	5,477
Operating costs and expenses	7,446	7,260	5,494
Pension and other postretirement remeasurement (gains) losses	116	(644)	(51)
Restructuring and related charges	51	170	253
Amortization of purchased intangibles	353	376	118
Interest expense	335	330	318
Total costs and expenses	53,270	44,140	35,107
(Loss) income from operations before income tax expense	(1,858)	6,448	6,802
Income tax (benefit) expense	(494)	1,289	1,373
Net (loss) income from continuing operations	(1,364)	5,159	5,429
(Loss) income from discontinued operations, net of tax	0	(3,593)	147
Net (loss) income	(1,364)	1,566	5,576
Less: Net loss attributable to noncontrolling interest	(53)	(33)	0
Net (loss) income attributable to Allstate	(1,311)	1,599	5,576
Less: Preferred stock dividends	105	114	115
Net (loss) income applicable to common shareholders ,Basic	(1,416)	1,485	5,461
Net (loss) income applicable to common shareholders , Dilluted	$ (1,416)	$ 1,485	$ 5,461
Basic
Continuing operations (in dollars per share)	$ (5.22)	$ 17.23	$ 17.06
Discontinued operations (in dollars per share)	0	(12.19)	0.47
Basic, Total (in dollars per share)	(5.22)	5.04	17.53
Diluted
Continuing operations (in dollars per share)	(5.22)	16.98	16.84
Discontinued operations (in dollars per share)	0	(12.02)	0.47
Diluted, Total (in dollars per share)	$ (5.22)	$ 4.96	$ 17.31
Weighted average common shares - Basic (in shares)	271.2	294.8	311.6
Weighted average common shares - Diluted (in shares)	271.2	299.1	315.5
Property and casualty insurance premiums
Revenues
Property and casualty insurance premiums (net of reinsurance ceded and indemnification programs of $1,869, $1,904 and $1,141)	$ 45,904	$ 42,218	$ 37,073
Accident and health insurance premiums and contract charges (net of reinsurance ceded of $38, $78 and $13)
Revenues
Property and casualty insurance premiums (net of reinsurance ceded and indemnification programs of $1,869, $1,904 and $1,141)	$ 1,833	$ 1,821	$ 1,094

ALL Balance Sheet

2022-12-31

Consolidated Statements of Financial Position - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Investments
Fixed income securities, at fair value (amortized cost, net $45,370 and $41,376)	$ 42,485	$ 42,136
Equity securities, at fair value (cost $4,253 and $6,016)	4,567	7,061
Mortgage loans, net	762	821
Limited partnership interests	8,114	8,018
Short-term, at fair value (amortized cost $4,174 and $4,009)	4,173	4,009
Other investments, net	1,728	2,656
Total investments	61,829	64,701
Cash	736	763
Premium installment receivables, net	9,165	8,364
Deferred policy acquisition costs	5,418	4,722
Reinsurance and indemnification recoverables, net	9,606	10,024
Accrued investment income	423	339
Deferred income taxes	386	0
Property and equipment, net	987	939
Goodwill	3,502	3,502
Other assets, net	5,905	6,086
Total assets	97,957	99,440
Liabilities
Reserve for property and casualty insurance claims and claims expense	37,541	33,060
Reserve for future policy benefits	1,273	1,273
Contractholder funds	897	908
Unearned premiums	22,311	19,844
Claim payments outstanding	1,268	1,123
Deferred income taxes	0	833
Other liabilities and accrued expenses	9,353	9,296
Debt	7,964	7,976
Total liabilities	80,607	74,313
Commitments and Contingent Liabilities (Note 7, 9 and 15)
Shareholders’ equity
Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 81.0 thousand shares issued and outstanding, $2,025 aggregate liquidation preference	1,970	1,970
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 263 million and 281 million shares outstanding	9	9
Additional capital paid-in	3,788	3,722
Retained income	50,954	53,294
Treasury stock, at cost (637 million and 619 million shares)	(36,857)	(34,471)
Accumulated other comprehensive income:
Unrealized net capital gains and losses	(2,253)	598
Unrealized foreign currency translation adjustments	(165)	(15)
Unamortized pension and other postretirement prior service credit	29	72
Total accumulated other comprehensive (loss) income	(2,389)	655
Total Allstate shareholders’ equity	17,475	25,179
Noncontrolling interest	(125)	(52)
Total equity	17,350	25,127
Total liabilities and equity	$ 97,957	$ 99,440