Allstate (ALL) FY2024 10-K Annual Report
Allstate (ALL) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 24, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Allstate FY2024 10-K Analysis
Business Overview
- • Core business model: Provider of insurance products and risk management services
- • No new products, services, or segments introduced or emphasized this year
- • Continued emphasis on corporate governance with Global Code of Business Conduct and Insider Trading Policy updates
- • Equity compensation plans: 8.24 million options/awards outstanding, $110.46 weighted-average exercise price, 10.28 million shares available for issuance
- • Use of Proxy Statement for disclosures on executive compensation, security ownership, related transactions, and auditor ratification
Management Discussion & Analysis
- • No explicit revenue or YoY change figures provided in the section
- • Profitability measure uses underwriting income and adjusted net income but no specific margin or % changes given
- • No segment-specific revenue or profit figures disclosed for best or worst performing businesses
- • Cash flow, capital allocation, buybacks, dividends, capex details not included in text
- • Forward-looking risks: macroeconomic factors including geopolitical conflicts, supply chain issues, labor shortages, and trade policy actions impacting operations and liquidity
Risk Factors
- • Regulatory risk: Dispositions of employer voluntary benefits and group health businesses totaling approx. $3.25B pending regulatory approvals in H1 and during 2025
- • Geopolitical/macroeconomic threat: Global economic and capital market conditions can adversely affect results; detail referenced in 2024 MD&A disclosures
- • Operational/supply chain: Transformation plan restructuring and organizational streamlining impacting operating costs and efficiency in 2024
- • Competitive/market risk: Expansion of National General’s non-standard auto sales and Custom360 product rolled out in 30 states versus insurance peers
- • Financial risk: Property-Liability combined ratio improved to 94.3 from 104.5 in 2023 but still sensitive to catastrophe losses totaling $4.96B in 2024
Allstate FY2024 Key Financial MetricsXBRL
Revenue
$64.1B
▲ +12.3% YoY
Net Income
$4.7B
▲ +2582.4% YoY
Net Margin
7.3%
▲ +761bp YoY
ROE
21.8%
▲ +2282bp YoY
Total Assets
$111.6B
▲ +8.0% YoY
EPS (Diluted)
$16.99
▲ +1515.8% YoY
Operating Cash Flow
$8.9B
▲ +111.2% YoY
Source: XBRL data from Allstate FY2024 10-K filing on SEC EDGAR. All figures in USD.
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