The Allstate Corporation (ALL)财务
NYSE · Financial Services · Insurance - Property & Casualty · 员工53,150人 · CEO Thomas Joseph Wilson
- 股价
- $259.87 +1.54%
- 市值
- $657亿
- 企业价值
- $724亿
- 最近财报
- Q2 '26 2026-08-05提交
- 下次财报
- 2026-11-04
营收(TTM)$692亿+5.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)24.8%+13.7 百分点 对比去年同期营业利润 $172亿
净利润(TTM)$133亿+128.6% 对比去年同期税后,含营业外收益
自由现金流(TTM)$122亿+43.4% 对比去年同期资本支出 $2.2亿
稀释EPS(TTM)$50.08+135.4% 对比去年同期最近4个季度之和
净现金-$17.8亿-169.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $657亿 EV $724亿
- 营收
- $692亿 过去12个月
- 营收增速
- -8% FY2026年一致预期
- 净利润率
- 19.2% 净利润 / 营收,TTM
- P/E
- 5.1× 预期 7.2×(FY2026)
- P/S
- 0.9× 股价 / 营收,TTM
- EV / EBITDA
- 4.1× TTM
- 自由现金流
- $122亿 过去12个月
- 净利润
- $133亿 过去12个月
- 营收预期
- $610亿 FY2026年一致预期
- 盈利
- 2026-11-04
- 股息
- $4.24 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长加速:同比12.4%Q2 '26营收$186亿,此前四个季度的平均值为3.8%。
- 营业利润率24.8%(TTM),较去年同期+13.7 百分点营收增长5.4%,营业利润增长135.7%。
- 资本支出占营收的0.3%(去年为0.3%)最近4个季度投入$2.2亿(同比+7.8%)。自由现金流$122亿,相当于净利润的92.0%。
- 股东回报$35.3亿 = 自由现金流的28.8%回购$24.6亿(去年为$4.41亿),股息$10.7亿,股权激励$1.36亿(TTM)。
- 稀释股数一年内减少3.3%Q2 '26稀释股数2.59亿,一年前为2.68亿。
- 净债务 $17.8亿现金 + 短期投资 $57.1亿,含租赁债务 $74.9亿;一年前净现金 $25.5亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $186亿 | $165亿 | +12.4% |
| 毛利率 | 34.7% | 24.4% | +10.4 百分点 |
| 营业利润 | $42.4亿 | $27亿 | +56.9% |
| 营业利润率 | 22.8% | 16.3% | +6.5 百分点 |
| 净利润 | $32.7亿 | $21.1亿 | +55.2% |
| 稀释EPS | $12.51 | $7.76 | +61.2% |
| 经营现金流 | $26.3亿 | $18.7亿 | +40.6% |
| 资本支出 | $4300万 | -$100万 | +4,400.0% |
| 自由现金流 | $25.9亿 | $18.7亿 | +38.3% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q1 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Property Liability | – | – | – | – | – | |
| Protection Services | $9.15亿 | +7.6% | 100.0% | – | – | |
| Allstate Health And Benefits | – | – | – | – | – | |
| Intersegment Eliminations | – | – | – | – | – | |
| Corporate and Other | – | – | – | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $125亿
- 资本支出
- -$2.2亿
- 股票回购
- -$24.6亿
- 股息
- -$10.7亿
- 收购
- $0
- 债务净发行
- -$6亿
- 股权激励费用
- $1.36亿
- 自由现金流
- $122亿
- 股东回报 / FCF
- 28.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 5.1× | 13.3× 5年中的3年 | 5.4× – 23.3× |
| EV / EBITDA | 4.1× | 19.5× 5年中的4年 | 4.4× – 59.8× |
| EV / 营收 | 1.0× | 0.9× | 0.8× – 0.9× |
| 股价 / FCF | 5.4× | 7.1× | 5.5× – 9.3× |
| 股价 / 净资产 | 2.0× | 1.9× | 1.4× – 2.4× |
| FCF收益率 | 18.6% | 14.5% | 10.8% – 18.2% |
| 投入资本回报率 | 31.3% | 5.7% | -1.4% – 20.8% |
| 净资产收益率 | 43.1% | 10.7% | -7.4% – 33.6% |
分析师
一致目标价 $266.31 (+2.5%)
区间 $221.00 – $319.00 · 评级 Hold
强烈买入1
买入17
持有24
卖出3
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $610亿 | -8.3% | $35.93 | -5.9% | 7.2× | 14 |
| FY2027 | $621亿 | +1.9% | $28.05 | -21.9% | 9.3× | 13 |
| FY2028 | $641亿 | +3.1% | $26.61 | -5.2% | 9.8× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
The Allstate Corporation在近期10-Q / 10-K文件中标记的全部338项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accrued Investment Income Receivable | $7.3亿 | $6.28亿 | +16.2% | $7.08亿 | $6.15亿 | +15.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $23.4亿2025-12-31 | $25亿 | -6.4% | $23.4亿 | $25亿 | -6.4% |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | -$1000万 | -$1100万 | +9.1% | -$1100万 | -$1100万 | 0.0% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$1.26亿 | -$1.06亿 | -18.9% | -$5500万 | -$1.45亿 | +62.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1.93亿 | -$5700万 | -238.6% | $2.55亿 | -$8.89亿 | +128.7% |
| Additional Paid in Capital, Common Stock | $42.2亿 | $40.8亿 | +3.3% | $41.6亿 | $40.3亿 | +3.2% |
| Additions to Contract Holders Funds | $0 | $0 | – | $3000万 | $1.29亿 | -76.7% |
| Amortization of Intangible Assets | $4600万 | $5700万 | -19.3% | $2.31亿 | $2.8亿 | -17.5% |
| Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries | $291亿2025-12-31 | $255亿 | +14.0% | $291亿 | $255亿 | +14.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 70万 | 50万 | +40.0% | 40万 | 50万 | -20.0% |
| AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax | -$7900万 | $3600万 | -319.4% | $2.97亿 | -$7.71亿 | +138.5% |
| Assets | $1250亿 | $1160亿 | +7.6% | $1200亿 | $1120亿 | +7.3% |
| Assets Held by Insurance Regulators | $2.02亿2025-12-31 | $1.94亿 | +4.1% | $2.02亿 | $1.94亿 | +4.1% |
| Assets, Fair Value Disclosure | $765亿 | $668亿 | +14.5% | $720亿 | $635亿 | +13.4% |
| Assumed Premiums Earned | – | – | – | $4.31亿 | $4.03亿 | +6.9% |
| Benefits, Losses and Expenses | $145亿 | $148亿 | -2.5% | $561亿 | $583亿 | -3.8% |
| Business Combination, Contingent Consideration, Liability | $2800万2025-12-31 | $2500万 | +12.0% | $2800万 | $2500万 | +12.0% |
| Capitalized Computer Software, Net | $3.49亿2025-12-31 | $3.98亿 | -12.3% | $3.49亿 | $3.98亿 | -12.3% |
| Cash | $8.4亿 | $9.95亿 | -15.6% | $6.78亿 | $7.04亿 | -3.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $8.4亿 | $9.95亿 | -15.6% | $6.78亿 | $7.04亿 | -3.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.43亿 | $4500万 | +217.8% | -$2600万 | -$1800万 | -44.4% |
| Ceded Premiums Earned | – | – | – | $26.8亿 | $22.6亿 | +18.6% |
| Collateral Already Posted, Aggregate Fair Value | $100万 | $3600万 | -97.2% | $1400万 | $0 | – |
| Common Stock, Dividends, Per Share, Declared | $1.08 | $1.00 | +8.0% | $4.00 | $3.68 | +8.7% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 20亿 | 20亿 | 0.0% | 20亿 | 20亿 | 0.0% |
| Common Stock, Shares, Issued | 9亿 | 9亿 | 0.0% | 9亿 | 9亿 | 0.0% |
| Common Stock, Shares, Outstanding | 2.54亿 | 2.64亿 | -3.8% | 2.6亿 | 2.65亿 | -1.9% |
| Common Stock, Value, Outstanding | $900万 | $900万 | 0.0% | $900万 | $900万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $0 | -$1100万 | +100.0% | -$1300万 | -$5800万 | +77.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $33.7亿 | $25.6亿 | +31.5% | $114亿 | $44.7亿 | +155.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $33.7亿 | $25.5亿 | +32.1% | $114亿 | $44.1亿 | +158.7% |
| Current Federal Tax Expense (Benefit) | – | – | – | $25.1亿 | – | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $9900万 | – | – |
| Current Income Tax Expense (Benefit) | – | – | – | $27.3亿 | $11.8亿 | +131.9% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.22亿 | – | – |
| Debt Issuance Costs, Net | $5100万2025-12-31 | $5600万 | -8.9% | $5100万 | $5600万 | -8.9% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $4.45亿 | $6.33亿 | -29.7% | $7.77亿 | $3.61亿 | +115.2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $5.38亿 | $5.81亿 | -7.4% | $3.92亿 | $12.3亿 | -68.1% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Amortized Cost | $129亿 | $64.1亿 | +100.9% | $97.1亿 | $105亿 | -7.7% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value | $129亿 | $62.6亿 | +105.5% | $96.9亿 | $103亿 | -5.5% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Amortized Cost | $211亿 | $131亿 | +61.7% | $215亿 | $174亿 | +23.6% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value | $211亿 | $132亿 | +60.2% | $218亿 | $171亿 | +27.1% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost | $212亿 | $312亿 | -32.0% | $226亿 | $229亿 | -1.3% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value | $212亿 | $313亿 | -32.4% | $227亿 | $226亿 | +0.5% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost | $16亿 | $16.4亿 | -2.4% | $14.6亿 | $15.4亿 | -5.2% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value | $16亿 | $16.3亿 | -1.7% | $14.6亿 | $15.3亿 | -4.6% |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost | $41亿 | $20.6亿 | +99.2% | $34.3亿 | $12.3亿 | +180.1% |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | $40.9亿 | $20.8亿 | +96.4% | $34.8亿 | $12.4亿 | +180.3% |
| Debt Securities, Gain (Loss) | -$8000万 | -$2.45亿 | +67.3% | -$2.53亿 | -$1.6亿 | -58.1% |
| Debt, Long-term and Short-term, Combined Amount | $74.9亿2025-12-31 | $80.9亿 | -7.4% | $74.9亿 | $80.9亿 | -7.4% |
| DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest | $1000万 | $1700万 | -41.2% | $1000万 | $1700万 | -41.2% |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss | $609亿 | $544亿 | +12.0% | $587亿 | $536亿 | +9.5% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $608亿 | $544亿 | +11.7% | $591亿 | $527亿 | +12.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $1.03亿 | – | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $700万 | – | – |
| Deferred Income Tax Assets, Net | $1200万2026-03-31 | $2.29亿 | -94.8% | $0 | $2.31亿 | -100.0% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $1.56亿 | -$1700万 | +1,017.6% |
| Deferred Income Tax Liabilities, Net | $1.72亿 | – | – | $2.27亿 | $0 | – |
| Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Addition | – | – | – | $87.8亿 | $83.9亿 | +4.7% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-01