Fundamentals snapshot
ALL · NYQ · Financial Services · Insurance - Property & Casualty
Current price
$247.88
52-week range
$188.08 - $277.22
Market cap
$62.68B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net debt $1.78B. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Allstate is one of the largest insurance companies in the U.S., primarily known for selling property and casualty insurance, which are policies that protect your car and home. The company makes money by collecting regular payments (called premiums) from millions of customers. In return, Allstate promises to pay for damages if a customer files a claim, so its profitability depends on collecting more in premiums than it pays out for accidents and other losses.
Allstate was founded in 1931 as a part of Sears, Roebuck & Co., initially selling auto insurance through the Sears catalog. It became a publicly traded company in 1993 and was fully spun off from Sears in 1995. A key part of its history is the iconic slogan, "You're in Good Hands," which was created in 1950 and remains central to its brand. Over the years, Allstate expanded its offerings beyond auto insurance to include homeowners and life insurance. More recently, the company has focused on growing its core insurance business and expanding into protection plans for items like cell phones and electronics.
Allstate is an insurance company that sells a variety of policies to protect you and your belongings. Most people know Allstate for its car and homeowners insurance. If you get in a car accident or something happens to your house, Allstate provides financial help to cover the costs. Beyond that, they also offer protection plans for things like your phone or other electronics, in case they break. You can buy their products through their own agents, independent agents, over the phone, or online.
This is Allstate's largest and main business, making up the vast majority of the company's revenue. This segment is where you'll find the insurance products most people are familiar with, such as auto and homeowners insurance. When customers pay their regular insurance bills, known as premiums (the fee you pay to keep your insurance policy active), the money comes into this part of the company. This segment also includes insurance for renters, motorcycles, and boats.
This is a smaller but growing part of Allstate's business that offers protection for various consumer products. Think of it as an extended warranty for your cell phone, electronics, or appliances that you might buy from a retailer. This segment also includes roadside assistance services and identity theft protection. Customers for these services are often individuals who want extra peace of mind for their purchases and personal data.
This segment deals with old insurance policies that the company no longer sells. The term "run-off" means that Allstate is managing the existing claims from these old policies but isn't taking on new customers for them. It's a way for the company to handle past business obligations separately from its main, ongoing operations. This is a very small part of Allstate's overall business.
This section of the company doesn't sell products directly to customers. Instead, it includes the income Allstate earns from its investments. Insurance companies invest the premiums they collect to earn additional money, which is a standard industry practice. This segment also covers general corporate activities and expenses that don't fit into the other business lines.
Allstate's current strategy focuses on increasing its share of the personal property-liability insurance market, which means they want to sell more auto and home insurance policies. They are also focused on expanding their "Protection Services" business, which includes things like device and identity protection. A key part of their plan is what they call "Transformative Growth," which involves using technology to lower costs, improve customer value, and make it easier for people to buy and use their products. Management believes that by offering affordable and easy-to-use protection, they can attract more customers and grow the company.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net debt $1.8B. Interest coverage 34.0x.
The Allstate Corporation's profit covers its interest bill about 34.0 times over. which is stronger than most peers shown here.
Total debt $7.50B Interest coverage 33.97x This is the baseline the peer rows are being compared against.
Total debt $9.81B Interest coverage 19.34x -43% vs ALL Carries about 1.8x less debt cushion than ALL.
Total debt $8.39B Interest coverage 52.16x +54% vs ALL Carries about 1.5x more debt cushion than ALL.
Total debt $25.01B Interest coverage 18.07x -47% vs ALL Carries about 1.9x less debt cushion than ALL.
Total debt $4.38B Interest coverage 24.92x -27% vs ALL Carries about 1.4x less debt cushion than ALL.
Total debt $50.31B Interest coverage 5.39x -84% vs ALL Carries about 6.3x less debt cushion than ALL.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know