NYSE$ALL

Allstate Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Allstate had excellent operating results in 2019, while revenues and net income increased due to strong operating results.

Allstate reported excellent operating results in 2019. Revenues reached $44.7 billion and net income was $4.7 billion for the year. Adjusted net income was $1.0 billion ($3.13 per share) for the fourth quarter, substantially higher than the previous year, reflecting excellent underlying auto and homeowners insurance profitability and lower catastrophe losses.

  • Total revenue of $11.47 billion in the fourth quarter of 2019 increased 21.0% compared to the prior year quarter.
  • Property-Liability insurance premiums earned increased 5.4%.
  • Net income applicable to common shareholders was $1.71 billion, or $5.23 per diluted share, in the fourth quarter of 2019, compared to a net loss of $585 million, or $1.71 per diluted share, in the fourth quarter of 2018.
  • Adjusted net income of $1.02 billion, or $3.13 per diluted share, for the fourth quarter of 2019 was above the prior year quarter, primarily due to lower catastrophe losses.

Headline financials

Total Revenue

$9.19B

Previous: $8.86B+3.7%
EPS (adj)

$3.13

Previous: $1.24+152.4%
P&C Combined Ratio

88.7%

No prior period
P&C Underlying Combined Ratio

84.9%

No prior period
Capital Expenditures

$140M

Previous: $82M+70.7%
Free Cash Flow

$1.09B

Previous: $1.28B-14.2%
Net Income

$1.77B

Previous: -$269M+759.1%
Operating Income

$2.23B

No prior period
Gross Profit

$39B

Previous: $33.9B+14.8%
Cash & Equivalents

$338M

Previous: $425M-20.5%
Total Assets

$120B

Previous: $112B+6.9%

Revenue & EPS history

Allstate · Revenue · Quarterly

$9.19B

Q4 2019+3.7%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Allstate · $434M total across 5 segments · Q4 2019

  • Protection Plans
    $189M
  • Dealer Services
    $121M
  • Roadside
    $65M
  • Arity
    $35M
  • Identity Protection
    $24M

Forward guidance

Allstate's Transformative Growth Plan aims to increase market share and provide customers with a circle of protection. The plan focuses on increasing customer access, enhancing customer value, and investing in growth.

Tailwinds

  • Customer access is being expanded by leveraging Esurance’s highly successful direct sales capabilities for the Allstate brand.
  • Increased customer value will be provided by lowering expenses to improve affordability while investing in technology and marketing.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.3%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.1%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+5.7%

Q2 2025

Best reaction

-9.9%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%+2.9%-2.8%
Q4 2025+3.9%-2.9%+2.5%
Q3 2025+1.5%+6.5%+3.9%
Q2 2025+5.7%+6.9%+5.8%
Q1 2025-0.6%+1.8%+5.8%
Q4 2024-0.6%-1.9%+4.0%
Q3 2024-0.0%-2.3%+11.2%
Q2 2024+2.2%-2.6%+8.8%
Q1 2024-0.5%+0.0%-1.5%
Q4 2023+2.8%+1.3%-0.3%
Q3 2023+2.5%+1.9%+7.5%
Q2 2023-5.5%-2.5%-4.3%
Q1 2023+1.5%+3.3%-2.1%
Q4 2022+2.7%-7.6%-0.3%
Q3 2022-1.4%+2.4%+4.1%
Q2 2022-1.5%+2.2%+5.0%
Q1 2022+1.4%-0.6%+1.7%
Q4 2021+2.5%+5.1%+7.4%
Q3 2021-6.5%-6.5%-13.5%
Q2 2021-2.1%+1.5%+2.5%
Q1 2021+3.7%+5.2%+6.6%
Q4 2020-3.3%-3.1%+0.7%
Q3 2020-2.7%+1.0%+12.3%
Q2 2020-1.5%+0.7%-3.0%
Q1 2020+1.1%+0.4%+1.5%
Q4 2019+4.7%+4.5%-8.9%
Q3 2019-1.5%-0.7%+5.1%
Q2 2019+5.5%+2.7%+0.4%
Q1 2019-0.8%-1.4%-3.6%
Q4 2018+4.2%+4.1%+5.0%
Q3 2018-5.8%-5.3%-6.6%
Q2 2018+2.5%+3.4%+5.7%
Q1 2018-3.8%-3.4%-4.4%
Q4 2017-6.8%-6.1%-0.6%
Q3 2017+4.3%+5.6%+9.8%
Q2 2017+3.5%+3.5%-0.5%
Q1 2017+0.6%-0.9%+2.0%
Q4 2016+2.9%+3.8%+8.8%
Q3 2016+1.3%-0.5%+5.1%
Q2 2016+0.7%+1.6%+1.2%
Q1 2016+3.8%
Q4 2015+3.5%
Q3 2015+2.1%
Q2 2015-9.9%
Q1 2015-3.6%
Q4 2014+0.4%
Q3 2014+1.1%
Q2 2014+2.5%
Q1 2014+1.2%
Q4 2013+4.9%
Q3 2013-0.6%
Q2 2013+2.6%
Q1 2013-2.1%
Q4 2012+1.7%
Q3 2012-2.7%
Q4 2011+4.7%
Q2 2012+4.7%
Q1 2012+2.5%
Q3 2011-3.9%
Q2 2011-0.3%
Q1 2011-1.3%
Q4 2010-0.1%
Q3 2010-6.9%
Q2 2010-0.4%
Q1 2009+0.0%
Q1 2010+1.3%
Q4 2009-0.1%
Q4 2007-0.1%
Q3 2009-2.3%
Q3 2008-2.3%
Q2 2009+0.5%
Q2 2008+0.5%
Q4 2008+0.5%

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