The Allstate CorporationALL
NYSE•Financial Services•Insurance - Property & Casualty
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in four segments: Allstate Protection; Run-off Property-Liability; Protection Services; and Corporate and Other. The company offers private passenger auto, homeowners, other personal lines and commercial insurance through exclusive agents, independent agents, contact centers and online under the Allstate, National General, Direct Auto and Answer Financial brands. It also provides consumer product protection plans, device and mobile data collection services, and analytic solutions using automotive telematics information, roadside assistance, and protection plans; and insurance products, such as identity protection and restoration. In addition, the company offers property and casualty insurance, as well as engages in company activities and certain non-insurance operations, including expenses associated with strategic initiatives. Further, it offers automotive protection; vehicle service contracts, guaranteed asset protection, road hazard tires and wheels, and paintless dent repair protection; and roadside assistance, mobility data collection services, and analytic solutions using automotive telematics information, identity theft protection, and remediation services. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.
Allstate Corporation (The) (ALL) reported trailing twelve months revenue of $68.17B as of March 2026, a 4.4% increase year-over-year. Quarterly revenue reached $16.94B, reflecting continued top-line momentum.
Allstate Corporation (The) generated $12.14B in TTM net income, with quarterly EBITDA of $3.11B. The operating margin expanded from 4.4% to 18.3%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (18.3%) and net margin (14.5%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 3.6% a year ago, signaling stronger bottom-line efficiency.
ALL trades at a P/E of 4.4x (below the broader market average) and a P/S of 0.8x. The price-to-book ratio of 1.7x reflects a moderate premium to book value.
The company generated $3.52B in free cash flow over the trailing twelve months, a 88.1% increase year-over-year, indicating cash generation ability. The balance sheet shows $123.97B in total assets with $7.49B in long-term debt against $31.59B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~15.2%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 25.4% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~13.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~22.7% — no sign of cost or pricing stress.
FCF covers net income by 2.2x on average — earnings are well-supported by cash generation.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation