Short answer
Allstate (ALL) filed its fiscal 2024 10-K annual report with the SEC on Feb 24, 2025. It reported revenue of $64.1B (+12.3% year over year) and net income of $4.7B.
- Top risk flagged: Regulatory risk: Dispositions of employer voluntary benefits and group health businesses totaling approx. $3.25B pending regulatory approvals in H1 and during 2025
FY2024 key financial metrics · XBRL
- Revenue
- $64.1B
- +12.3% YoY
- Net income
- $4.7B
- +2582.4% YoY
- EPS (diluted)
- $16.99
- +1515.8% YoY
- ROE
- 21.8%
- +22.8 pp YoY
- Operating cash flow
- $8.9B
- +111.2% YoY
Source: XBRL data from the Allstate (ALL) FY2024 10-K on SEC EDGAR. USD.
Allstate FY2024 10-K analysis
AI summary of each section, grounded in the filing text
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
- 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
Generated from the filing text; verify against the original. How to read a 10-K
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