The Allstate Corporation

Allstate is one of the largest publicly held personal lines insurers in the United States, meaning it mainly covers individuals and families rather than businesses. By 2024 premiums written, it ranked as the third-largest US personal property and casualty insurer. It sells auto, homeowners, renters, condo, boat, motorcycle and umbrella coverage, plus some commercial insurance, under the Allstate, National General, Direct Auto and Answer Financial brands.

Customers pay premiums up front, and Allstate aims to collect more than it pays out in claims and costs. It also invests that money until claims come due, and its investment portfolio stood at $83.24 billion in its fiscal 2025 annual report. Fiscal 2025 revenue was $67.69 billion, and net income was $10.28 billion.

The Allstate Protection segment is the core of the company. It produced 93.9% of fiscal 2025 insurance premiums and contract charges. It sells through more than 27,400 exclusive Allstate agents and licensed sales professionals, about 58,700 independent agent locations, and about 2,200 phone and online sales staff. The smaller Protection Services segment sells protection plans for consumer products through retailers and mobile carriers, plus roadside assistance, identity protection and car dealer products. It also runs Arity, which sells driving insights drawn from telematics data collected from vehicles. Of 211 million policies in force, just 18.1% sit in Allstate Protection.

• In Q2 FY2026 (ended Jun 30, 2026), revenue was $18.60B, up 11.8% from a year earlier, and net income was $3.27B (+55.1%).
• For fiscal 2025, revenue was $67.69B (+5.6% year over year; +10.1% a year from FY2020 to FY2025) with a 15.2% net margin.

• Over FY2021–FY2025: $7.21B in buybacks and $4.73B in dividends.
• At least 9 consecutive annual increases: every fiscal year in the SEC data (FY2016–FY2025) shows an increase; the true streak may be longer.
• Regular dividends per share grew +13.1% a year over 5 years (FY2020–FY2025).
• Dividends took 10.1% of earnings and 10.5% of free cash flow in the latest fiscal year.
• Shares outstanding changed -14.5% from Jul 26, 2021 to Jul 16, 2026.

Rank among 1514 US companies

Market value at each year end

The Allstate’s market value went from $27.29B at the end of 2016 to $66.75B on Nov 2, 2026, about 2.4 times as much; since the end of 2025 it is up 23%.

Form 4 filings from 2025-10-27 to 2026-10-27 (25 read): 0 open-market purchases and 6 sales ($24.2M).

Large shareholders (13G filings)

ETFs with the most weight in ALL

1. Catastrophes and severe weather. Hurricanes, wildfires, hail and other severe weather can cause large, sudden losses. Its catastrophe models may underestimate exposure, and reinsurance, the insurance Allstate buys to cap big losses, may become scarce or costly.
2. Rising repair, injury and rebuilding costs. Cameras and sensors in cars make repairs pricier. Injury claims increasingly involve lawyers and more medical care, and tariffs and labor shortages raise parts and rebuilding costs, squeezing profit if rates lag.
3. Claim reserves could prove too low. Allstate sets aside reserves for claims it has not yet paid. Inflation, court decisions, changes in law and tariffs can push final costs above those estimates, and raising reserves later reduces reported profit.
4. Its digital overhaul may fall short. Allstate's strategy calls for reworking its technology, products and sales channels to become a low-cost digital insurer and gain market share. If the plan falls short, expected growth and cost savings may not arrive.
5. Regulators can slow needed rate increases. Regulators may need to approve rates and new products. Delays can leave Allstate charging too little while claim costs climb, and rules can require it to join loss-sharing arrangements.
6. Investment portfolio swings. Allstate invests premiums in an $83.24 billion portfolio. Rising interest rates, falling stock prices or weaker credit quality can cause losses and make investment income swing from year to year.

• Oct 15, 2026 Investor presentation or announcement
• Sep 17, 2026 Investor presentation or announcement
• Aug 20, 2026 Investor presentation or announcement
• Aug 5, 2026 Quarterly results released
• Jul 16, 2026 Investor presentation or announcement
• Jul 14, 2026 Executive or board change; Investor presentation or announcement
• Jun 18, 2026 Investor presentation or announcement
• May 27, 2026 Shareholder vote results
• May 21, 2026 Investor presentation or announcement
• Apr 29, 2026 Quarterly results released

Allstate has raised its dividend at least nine years in a row through fiscal 2025. It kept raising it even through net losses in fiscal 2022 and 2023. Dividends per share rose from $2.16 in fiscal 2020 to $4.00 in fiscal 2025. The fiscal 2025 dividend used just 10.1% of earnings and 10.5% of free cash flow (cash left after running the business), partly because profit more than doubled that year. The yield was 1.87% as of October 28, 2026. Buybacks totaled $7.21 billion over fiscal 2021–2025, versus $4.73 billion in dividends, and the share count fell 14.5% between July 2021 and July 2026.

In the 2008 financial crisis the stock lost 74.8% and took about 49 months to recover. It fell 40.8% in the 2020 COVID crash and recovered in about 13 months. In the 2022 bear market it gained 13.1% while the market fell, though it dropped 20.3% at its worst. Single stocks carry more risk than diversified funds.