NYSE$ALL

Allstate Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Allstate reported strong financial results for Q4 2020, driven by growth in policies in force, excellent returns, and strategic acquisitions.

Allstate Corporation reported a net income of $2.6 billion and adjusted net income of $1.8 billion for the fourth quarter of 2020. The company saw a 21% increase in policies in force and maintained strong insurance underwriting margins. Total revenues increased by 4.8% to $12.0 billion, driven by strong performance-based investment income and realized gains.

  • Net income was $2.6 billion for the quarter and $5.5 billion for the full year.
  • Adjusted net income was $5.87 per share for the quarter and $14.73 for the year.
  • Policies in force increased 21% to 176 million.
  • Allstate Protection Plans is rapidly growing revenues and profits and expanding its total addressable market.

Headline financials

Total Revenue

$8.61B

Previous: $9.19B-6.3%
EPS (adj)

$5.87

Previous: $3.13+87.5%
P&C Combined Ratio

84.0%

Previous: 88.7%-5.3%
Capital Expenditures

$73M

Previous: $140M-47.9%
Free Cash Flow

$1.25B

Previous: $1.09B+13.9%
Net Income

$2.62B

Previous: $1.77B+48.0%
Operating Income

$3.31B

Previous: $2.23B+48.4%
Gross Profit

$39.1B

Previous: $39B+0.2%
Cash & Equivalents

$377M

Previous: $338M+11.5%
Total Assets

$126B

Previous: $120B+5.0%

Revenue & EPS history

Allstate · Revenue · Quarterly

$8.61B

Q4 2020-6.3%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Allstate · $607M total across 4 segments · Q1 2023

  • Protection Plans
    $385M
  • Dealer Services
    $148M
  • Arity
    $37M
  • Identity Protection
    $37M

Forward guidance

Allstate expects its long-term adjusted net income return on equity to be between 14% and 17% while generating higher growth in personal property-liability and expanding protection services.

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 2020

Historical avgQ4 2020

+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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