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	10,282	4,667	-188	-1,289	1,614
Depreciation & Amortization	482	555	704	847	1,086
Gain (Loss) on Sale of Assets	-1,601	1	4	1	-304
Gain (Loss) on Sale of Investments	90	210	212	1,945	-1,015
Change in Accounts Receivable	-831	-705	-861	-1,038	-498
Reinsurance Recoverable	630	-226	807	451	-1,570
Change in Unearned Revenue	2,120	2,294	2,385	2,539	1,608
Change in Income Taxes	583	753	-229	-715	353
Change in Insurance Reserves / Liabilities	-943	2,171	2,202	4,445	2,444
Change in Other Net Operating Assets	-362	-351	-387	-541	-1,368
Other Operating Activities	25	-91	68	-811	-730
Operating Cash Flow	10,110	8,931	4,228	5,121	5,116
Operating Cash Flow Growth	13.20%	111.23%	-17.44%	0.10%	-6.83%
Capital Expenditures	-228	-210	-267	-420	-345
Sale of Property, Plant & Equipment	-	18	27	209	-
Cash Acquisitions	-	-13	-	-	-3,593
Investment in Securities	-9,953	-8,085	-2,695	-1,576	1,751
Investing Cash Flow	-7,255	-8,252	-2,999	-1,728	510
Long-Term Debt Issued	-	495	743	-	-
Total Debt Repaid	-600	-350	-750	-	-436
Net Debt Issued (Repaid)	-600	145	-7	-	-436
Issuance of Common Stock	48	163	73	82	114
Repurchases of Common Stock	-1,233	-2	-335	-2,520	-3,120
Issuance of Preferred Stock	-	-	587	-	-
Repurchases of Preferred Stock	-	-	-575	-	-450
Common Dividends Paid	-1,036	-962	-925	-926	-885
Preferred Dividends Paid	-117	-117	-107	-105	-114
Total Dividends Paid	-1,153	-1,079	-1,032	-1,031	-999
Other Financing Activities	42	-16	-49	-35	-35
Financing Cash Flow	-2,881	-697	-1,243	-3,420	-5,240
Net Cash Flow	-26	-18	-14	-27	386
Free Cash Flow	9,882	8,721	3,961	4,701	4,771
Free Cash Flow Growth	13.31%	120.17%	-15.74%	-1.47%	-7.95%
Free Cash Flow Margin	14.60%	13.60%	6.94%	9.14%	9.43%
Free Cash Flow Per Share	37.00	32.56	15.09	17.33	15.95
Cash Interest Paid	395	395	355	323	321
Cash Income Tax Paid	2,150	276	-45	95	1,050
Levered Free Cash Flow	8,925	7,450	4,056	5,818	21,406
Unlevered Free Cash Flow	9,174	7,700	4,293	6,028	21,612
Change in Working Capital	832	3,589	3,428	4,428	345

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