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Allstate

DB:ALS
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALS
DB
$32B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The last earnings update was 22 days ago. More info.


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ALS Share Price and Events
7 Day Returns
0.6%
DB:ALS
0.7%
DE Insurance
-0.6%
DE Market
1 Year Returns
6.1%
DB:ALS
9.5%
DE Insurance
-10.8%
DE Market
ALS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Allstate (ALS) 0.6% -0% 3.5% 6.1% 43.3% 102.4%
DE Insurance 0.7% -3.5% 4.9% 9.5% 35.3% 56.1%
DE Market -0.6% -3.3% 2.3% -10.8% 8% 8%
1 Year Return vs Industry and Market
  • ALS underperformed the Insurance industry which returned 9.5% over the past year.
  • ALS outperformed the Market in Germany which returned -10.8% over the past year.
Price Volatility
ALS
Industry
5yr Volatility vs Market

Value

 Is Allstate undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Allstate to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Allstate.

DB:ALS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity
= $71.34 * 14.4%
$10.26
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. $71.34
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ALS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 21%) (21.72%))
0.901
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.901 * 5.96%)
5.6%

Discounted Cash Flow Calculation for DB:ALS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Allstate is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:ALS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.4% – 5.6%) * $71.34)
$6.27
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $6.27 / (5.6% - 0.23%)
$116.74
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $71.34 + $116.74
$188.08
DB:ALS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ALS represents 0.88722x of NYSE:ALL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88722x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 188.08 x 0.88722
€166.87
Value per share (EUR) From above. €166.87
Current discount Discount to share price of €86.14
= -1 x (€86.14 - €166.87) / €166.87
48.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Allstate is available for.
Intrinsic value
48%
Share price is €86.14 vs Future cash flow value of €166.87
Current Discount Checks
For Allstate to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Allstate's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Allstate's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Allstate's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Allstate's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ALS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.97
NYSE:ALL Share Price ** NYSE (2019-05-23) in USD $97.09
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 12.98x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Allstate.

DB:ALS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ALL Share Price ÷ EPS (both in USD)

= 97.09 ÷ 6.97

13.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Allstate is overvalued based on earnings compared to the DE Insurance industry average.
  • Allstate is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Allstate's expected growth come at a high price?
Raw Data
DB:ALS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
1.2%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.12x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

DB:ALS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.92x ÷ 1.2%

11.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Allstate is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Allstate's assets?
Raw Data
DB:ALS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $64.53
NYSE:ALL Share Price * NYSE (2019-05-23) in USD $97.09
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.03x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:ALS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ALL Share Price ÷ Book Value per Share (both in USD)

= 97.09 ÷ 64.53

1.5x

* Primary Listing of Allstate.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Allstate is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Allstate's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Allstate has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Allstate expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Allstate expected to grow at an attractive rate?
  • Allstate's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Allstate's earnings growth is positive but not above the Germany market average.
  • Allstate's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ALS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ALS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 1.2%
DB:ALS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts -0.9%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ALS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ALS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 37,920 3,355 1
2020-12-31 37,323 3,185 4
2019-12-31 36,004 3,390 3
DB:ALS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 41,035 5,263 2,388
2018-12-31 39,815 5,175 2,104
2018-09-30 40,396 4,918 3,667
2018-06-30 39,819 5,056 3,471
2018-03-31 39,533 4,083 3,384
2017-12-31 39,407 4,314 3,073
2017-09-30 38,623 4,465 2,664
2017-06-30 37,956 3,983 2,518
2017-03-31 37,307 4,136 2,210
2016-12-31 37,399 3,993 1,761
2016-09-30 35,947 3,672 1,410
2016-06-30 35,754 3,671 1,540

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Allstate's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
  • Allstate's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ALS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Allstate Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ALS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 11.58 11.58 11.58 1.00
2020-12-31 9.58 10.25 8.88 8.00
2019-12-31 9.70 10.70 7.73 8.00
DB:ALS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.97
2018-12-31 6.05
2018-09-30 10.43
2018-06-30 9.76
2018-03-31 9.42
2017-12-31 8.49
2017-09-30 7.31
2017-06-30 6.86
2017-03-31 5.98
2016-12-31 4.72
2016-09-30 3.74
2016-06-30 4.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Allstate is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Allstate's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Allstate has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Allstate performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Allstate's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Allstate's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Allstate's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Allstate's 1-year earnings growth is negative, it can't be compared to the DE Insurance industry average.
Earnings and Revenue History
Allstate's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Allstate Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ALS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 41,035.00 2,388.00 5,947.00
2018-12-31 39,815.00 2,104.00 5,869.00
2018-09-30 40,396.00 3,667.00 5,635.00
2018-06-30 39,819.00 3,471.00 5,547.00
2018-03-31 39,533.00 3,384.00 5,452.00
2017-12-31 39,407.00 3,073.00 5,442.00
2017-09-30 38,623.00 2,664.00 5,128.00
2017-06-30 37,956.00 2,518.00 4,703.00
2017-03-31 37,307.00 2,210.00 4,431.00
2016-12-31 37,399.00 1,761.00 4,939.00
2016-09-30 35,947.00 1,410.00 3,981.00
2016-06-30 35,754.00 1,540.00 3,952.00
2016-03-31 35,572.00 1,624.00 3,973.00
2015-12-31 35,653.00 2,055.00 4,081.00
2015-09-30 35,721.00 2,390.00 4,299.00
2015-06-30 35,629.00 2,519.00 4,375.00
2015-03-31 35,507.00 2,807.00 4,337.00
2014-12-31 35,239.00 2,746.00 4,341.00
2014-09-30 35,272.00 2,761.00 4,443.00
2014-06-30 34,801.00 2,321.00 4,312.00
2014-03-31 34,728.00 2,141.00 4,379.00
2013-12-31 34,507.00 2,263.00 4,387.00
2013-09-30 34,262.00 1,847.00 4,224.00
2013-06-30 33,925.00 2,260.00 4,297.00
2013-03-31 33,416.00 2,249.00 4,200.00
2012-12-31 33,315.00 2,306.00 4,118.00
2012-09-30 33,004.00 2,624.00 4,107.00
2012-06-30 33,118.00 2,076.00 3,984.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Allstate has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Allstate used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Allstate has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Allstate's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Allstate has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Allstate's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Allstate's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Allstate's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Allstate's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Allstate's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Allstate Company Filings, last reported 1 month ago.

DB:ALS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 23,418.00 7,025.00 4,708.00
2018-12-31 21,312.00 6,450.00 3,527.00
2018-09-30 23,633.00 6,449.00 3,531.00
2018-06-30 23,122.00 6,447.00 3,612.00
2018-03-31 23,277.00 6,846.00 3,874.00
2017-12-31 22,551.00 6,349.00 2,561.00
2017-09-30 22,119.00 6,349.00 2,889.00
2017-06-30 21,501.00 6,347.00 2,657.00
2017-03-31 21,158.00 6,345.00 3,195.00
2016-12-31 20,573.00 6,347.00 4,725.00
2016-09-30 20,934.00 5,109.00 2,252.00
2016-06-30 20,553.00 5,108.00 3,296.00
2016-03-31 20,340.00 5,107.00 4,057.00
2015-12-31 20,025.00 5,123.00 2,617.00
2015-09-30 20,504.00 5,175.00 3,942.00
2015-06-30 21,298.00 5,185.00 3,628.00
2015-03-31 22,179.00 5,194.00 3,414.00
2014-12-31 22,304.00 5,139.00 3,199.00
2014-09-30 22,329.00 5,190.00 3,348.00
2014-06-30 22,872.00 5,839.00 3,804.00
2014-03-31 22,105.00 6,192.00 3,744.00
2013-12-31 21,480.00 6,801.00 3,068.00
2013-09-30 20,780.00 6,206.00 3,768.00
2013-06-30 19,869.00 5,970.00 3,291.00
2013-03-31 20,619.00 6,534.00 4,008.00
2012-12-31 20,580.00 6,824.00 3,142.00
2012-09-30 20,837.00 6,048.00 3,525.00
2012-06-30 19,475.00 6,051.00 2,472.00
  • Allstate's level of debt (30%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28% vs 30% today).
  • Debt is well covered by operating cash flow (74.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.6x coverage).
X
Financial health checks
We assess Allstate's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Allstate has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Allstate's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.06%
Current annual income from Allstate dividends. Estimated to be 2.13% next year.
If you bought €2,000 of Allstate shares you are expected to receive €41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Allstate's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.42%).
  • Allstate's dividend is below the markets top 25% of dividend payers in Germany (3.88%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ALS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ALS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.30 4.00
2020-12-31 2.11 12.00
2019-12-31 1.94 12.00
DB:ALS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-21 2.000 2.062
2019-02-08 2.000 2.101
2019-02-05 1.840 2.010
2018-07-24 1.840 2.008
2018-05-11 1.840 1.967
2018-02-07 1.840 1.932
2017-11-16 1.480 1.458
2017-07-11 1.480 1.601
2017-05-25 1.480 1.684
2017-02-10 1.480 1.804
2016-11-18 1.320 1.786
2016-07-14 1.320 1.921
2016-05-24 1.320 1.947
2016-02-12 1.320 1.997
2015-11-19 1.200 1.958
2015-07-14 1.200 1.943
2015-05-19 1.200 1.801
2015-02-04 1.200 1.706
2014-11-18 1.120 1.612
2014-07-22 1.120 1.819
2014-05-20 1.120 1.911
2014-02-19 1.120 2.003
2013-11-19 1.000 1.887
2013-07-23 1.000 1.948
2013-05-21 1.000 2.056
2013-02-07 1.000 2.075
2013-02-06 1.000 2.238
2012-11-06 0.880 2.132
2012-07-24 0.880 2.274
2012-05-21 0.880 2.586
2012-02-21 0.880 2.692
2011-11-09 0.840 3.013
2011-07-12 0.840 3.269
2011-05-17 0.840 2.753
2011-02-22 0.840 2.629
2010-11-09 0.800 2.580
2010-07-13 0.800 2.677
2010-05-18 0.800 2.689
2010-02-23 0.800 2.465
2009-11-10 0.800 2.698
2009-07-21 0.800 2.749

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Allstate's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.7x coverage).
X
Income/ dividend checks
We assess Allstate's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Allstate afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Allstate has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Allstate's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Wilson
COMPENSATION $18,687,246
AGE 60
TENURE AS CEO 12.3 years
CEO Bio

Mr. Thomas Joseph Wilson, II, also known as Tom, has been the Chairman of The Allstate Corporation since May, 2008, as its Chief Executive Officer since January 1, 2007 and President since February 23, 2018 and also served as its President from June 2005 to January 2015. Mr. Wilson serves as the Chairman at Allstate Insurance Company since May 2008, its Chief Executive Officer since January 2007 and its President at Allstate Insurance Company since February 2018. He serves as a Member of Senior Management Team at Allstate. From June 2005 to January 2015 he served as President of The Allstate Corporation and Allstate Insurance Company. He serves as the Chairman and President of Allstate Life Insurance Co. He serves as the Chief Executive Officer of Allstate Protection Company. He served as the Chief Operating Officer at Allstate Corp. from June 1, 2005 to January 2007. He served as the Chief Operating Officer and Senior Vice President of Allstate Insurance Company. He served as President of Allstate Protection Company, a subsidiary of Allstate Corp. from October 2002 to 2006. He served as the President of Allstate Financial from 1999 to 2002, where he spearheaded that business unit's drive into the design and distribution of an expanded range of financial products aimed at meeting the retirement needs of its customers. He served as the Chief Financial Officer of Allstate from 1995 to 1998. He joined Allstate in 1995 from Sears, Roebuck and Co., where he served as Vice President of Strategy and Analysis, responsible for strategic planning, financial planning and analysis and special projects. He served as Managing Director of Mergers and Acquisitions of Dean Witter Reynolds from 1986 to 1993 and also held various financial positions at Amoco Corporation, where he worked from 1980 to 1986. He served as the Chairman of Allstate Financial from 1999 to 2002. He serves as a Director of Catalyst, Inc. and World Business Chicago. He has been a Director of Allstate Corp. since 2006. He serves as a Director of Allstate Insurance Company. He served as a Director of Financial Services Roundtable. He serves as a Trustee of Rush University and Rush University Medical Center. He is a Board Member of Francis W. Parker School. He is a Member of the Young President Organization, the Financial Services Forum and The Business Roundtable. He is a Member of the Property Casualty Insurers Association of America. He served as a Director at Federal Reserve Bank Of Chicago since January 1, 2008. In 1998, he served as one of nine Chief Financial Officers chosen for Chief Financial Officer Magazine's Excellence Award. He serves as a Director of Allstate Protection Company, a subsidiary of Allstate Corp. He served as an Independent Director of State Street Corporation from October 2012 to May 17, 2017. He holds Master of Management degree from Northwestern University's J. L. Kellogg Graduate School of Management and a Bachelor of Science degree in Business Administration from the University of Michigan.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Allstate management team in years:

2.1
Average Tenure
53
Average Age
  • The tenure for the Allstate management team is about average.
Management Team

Tom Wilson

TITLE
Chairman
COMPENSATION
$19M
AGE
60
TENURE
12.3 yrs

Mario Rizzo

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
51
TENURE
1.3 yrs

Steve Shebik

TITLE
Vice Chairman
COMPENSATION
$7M
AGE
61
TENURE
1.3 yrs

John Dugenske

TITLE
Executive VP and Chief Investment & Corporate Strategy Officer of AIC
COMPENSATION
$7M
AGE
51
TENURE
2.2 yrs

Glenn Shapiro

TITLE
President of Allstate Personal Lines - Allstate Insurance Company
COMPENSATION
$5M
AGE
52
TENURE
1.3 yrs

Eric Ferren

TITLE
Senior VP
AGE
44
TENURE
2 yrs

John Griek

TITLE
Director
TENURE
3.3 yrs

Susie Lees

TITLE
Executive VP
AGE
60
TENURE
6.9 yrs

Elizabeth Brady

TITLE
Executive VP and Chief Marketing
AGE
53
TENURE
0.8 yrs

Samuel Pilch

TITLE
Senior Group VP & Controller of Allstate Insurance Company
COMPENSATION
$2M
AGE
71
TENURE
23.3 yrs
Board of Directors Tenure

Average tenure and age of the Allstate board of directors in years:

4.4
Average Tenure
60.5
Average Age
  • The tenure for the Allstate board of directors is about average.
Board of Directors

Tom Wilson

TITLE
Chairman
COMPENSATION
$19M
AGE
60
TENURE
11 yrs

Andrea Redmond

TITLE
Director
COMPENSATION
$300K
AGE
62
TENURE
9.3 yrs

Kermit Crawford

TITLE
Director
COMPENSATION
$302K
AGE
59
TENURE
6.3 yrs

Bobby Mehta

TITLE
Director
COMPENSATION
$305K
AGE
60
TENURE
5.3 yrs

Mike Eskew

TITLE
Director
COMPENSATION
$296K
AGE
68
TENURE
4.8 yrs

Judy Sprieser

TITLE
Lead Director
COMPENSATION
$330K
AGE
65
TENURE
4 yrs

Jacques Perold

TITLE
Director
COMPENSATION
$280K
AGE
59
TENURE
3.4 yrs

Perry Traquina

TITLE
Director
COMPENSATION
$280K
AGE
61
TENURE
2.9 yrs

Gregg Sherrill

TITLE
Director
COMPENSATION
$280K
AGE
65
TENURE
1.6 yrs

Margaret Keane

TITLE
Director
COMPENSATION
$345K
AGE
59
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Nov 18 Sell Jesse Merten Individual 07. Nov 18 07. Nov 18 -696 €80.30 €-55,886
X
Management checks
We assess Allstate's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Allstate has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits 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 insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names. The Service Businesses segment provides consumer electronics and appliance protection plans covering TVs, smartphones, and computers; device and mobile data collection services, analytics and customer risk assessment solutions, and telematics services; roadside assistance services, such as towing, jump-start, lockout, fuel delivery, and tire change services; and vehicle service contracts, guaranteed asset protection waivers, road hazard tire and wheel protection, and paintless dent repair protection services under the SquareTrade, Arity, Allstate Roadside Services, and Allstate Dealer Services brands. The Allstate Life Segment offers term, whole, interest-sensitive, and variable life insurance products, as well as non-proprietary retirement product solutions offered by third-party providers. Its Allstate Benefits segment provides life, accident, critical illness, short-term disability, and other health insurance products. The company sells its products through agencies, as well as directly through contact centers and Internet; and financial specialists, brokers, relationships with wholesale partners, and affinity groups. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.

Details
Name: The Allstate Corporation
ALS
Exchange: DB
Founded: 1931
$29,000,481,222
333,106,827
Website: http://www.allstate.com
Address: The Allstate Corporation
2775 Sanders Road,
Northbrook,
Illinois, 60062,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ALL Common Stock New York Stock Exchange US USD 03. Jun 1993
DB ALS Common Stock Deutsche Boerse AG DE EUR 03. Jun 1993
LSE 0HCZ Common Stock London Stock Exchange GB USD 03. Jun 1993
NYSE ALL.PRB SUB DEB 53 New York Stock Exchange US USD 09. Jan 2013
NYSE ALL.PRD LEOPRD PFD SER D New York Stock Exchange US USD 06. Dec 2013
NYSE ALL.PRE DEP SH 1/1000 E New York Stock Exchange US USD 26. Feb 2014
NYSE ALL.PRG DEP 1/1000 PFD G New York Stock Exchange US USD 27. Mar 2018
NYSE ALL.PRA DEP SHS PFD A New York Stock Exchange US USD 07. Jun 2013
NYSE ALL.PRF LEOPR 1/1000 PFD New York Stock Exchange US USD 11. Jun 2014
Number of employees
Current staff
Staff numbers
45,420
Allstate employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 20:35
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.