The Allstate Corporation Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	4,667	-188	-1,289	1,614
Depreciation & Amortization	-	555	704	847	1,086
Gain (Loss) on Sale of Assets	-	1	4	1	-304
Gain (Loss) on Sale of Investments	-	87	212	1,945	-1,015
Change in Accounts Receivable	-	-705	-861	-1,038	-498
Reinsurance Recoverable	-	-226	807	451	-1,570
Change in Unearned Revenue	-	2,294	2,385	2,539	1,608
Change in Income Taxes	-	753	-229	-715	353
Change in Insurance Reserves / Liabilities	-	2,171	2,202	4,445	2,444
Change in Other Net Operating Assets	-	-351	-387	-541	-1,368
Other Operating Activities	-	32	68	-811	-730
Operating Cash Flow	-	8,931	4,228	5,121	5,116
Operating Cash Flow Growth	-	111.23%	-17.44%	0.10%	-6.83%
Capital Expenditures	-	-210	-267	-420	-345
Sale of Property, Plant & Equipment	-	18	27	209	-
Cash Acquisitions	-	-13	-	-	-3,593
Investment in Securities	-	-8,085	-2,695	-1,576	1,751
Investing Cash Flow	-	-8,252	-2,999	-1,728	510
Long-Term Debt Issued	-	495	743	-	-
Total Debt Repaid	-	-350	-750	-	-436
Net Debt Issued (Repaid)	-	145	-7	-	-436
Issuance of Common Stock	-	163	73	82	114
Repurchases of Common Stock	-	-2	-335	-2,520	-3,120
Issuance of Preferred Stock	-	-	587	-	-
Repurchases of Preferred Stock	-	-	-575	-	-450
Common Dividends Paid	-	-962	-925	-926	-885
Preferred Dividends Paid	-	-117	-107	-105	-114
Total Dividends Paid	-	-1,079	-1,032	-1,031	-999
Other Financing Activities	-	-16	-49	-35	-35
Financing Cash Flow	-	-697	-1,243	-3,420	-5,240
Net Cash Flow	-	-18	-14	-27	386
Free Cash Flow	-	8,721	3,961	4,701	4,771
Free Cash Flow Growth	-	120.17%	-15.74%	-1.47%	-7.95%
Free Cash Flow Margin	-	13.60%	6.94%	9.14%	9.43%
Free Cash Flow Per Share	-	32.56	15.09	17.33	15.95
Cash Interest Paid	-	395	355	323	321
Cash Income Tax Paid	-	276	-45	95	1,050
Levered Free Cash Flow	-	7,450	4,056	5,818	21,406
Unlevered Free Cash Flow	-	7,700	4,293	6,028	21,612
Change in Working Capital	-	3,589	3,428	4,428	345

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.