For the year ending 2025-12-31, ALL-PJ had -$26M decrease in cash & cash equivalents over the period. $9,882M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 10,266 | 4,599 | -213 | -1,364 |
| Depreciation, amortization and other non-cash items | 482 | 555 | 704 | 847 |
| Net (gains) losses on investments and derivatives | -168 | -225 | -300 | -1,072 |
| Pension and other postretirement remeasurement (gains) losses | 35 | 37 | -9 | -116 |
| Amortization of deferred gain on reinsurance | - | - | 0 | 0 |
| Loss on disposition of operations, net of tax | - | - | 0 | 0 |
| Gain on disposition of operations | 1,603 | - | - | - |
| Claims and claims expense and other insurance reserves | -943 | 2,171 | 2,202 | 4,503 |
| Unearned premiums | 2,120 | 2,294 | 2,385 | 2,541 |
| Deferred policy acquisition costs | 365 | 347 | 489 | 702 |
| Premium installment receivables, net | 831 | 705 | 861 | 1,038 |
| Reinsurance and indemnification recoverables, net | -630 | 226 | -807 | -408 |
| Income taxes | 583 | 753 | -229 | -721 |
| Other operating assets and liabilities | 362 | 351 | 387 | 541 |
| Net cash provided by operating activities | 10,110 | 8,931 | 4,228 | 5,121 |
| Fixed income securities | 72,897 | 38,751 | 22,973 | 31,494 |
| Equity securities | 6,729 | 3,168 | 5,400 | 10,969 |
| Limited partnership interests | 1,357 | 633 | 710 | 970 |
| Mortgage loans | - | - | - | 0 |
| Other investments | 243 | 265 | 594 | 1,071 |
| Fixed income securities | 814 | 1,509 | 1,641 | 728 |
| Mortgage loans | 127 | 151 | 81 | 163 |
| Other investments | 55 | 41 | 152 | 167 |
| Fixed income securities | 78,784 | 46,590 | 29,431 | 36,920 |
| Equity securities | 10,595 | 4,980 | 2,935 | 9,294 |
| Limited partnership interests | 1,269 | 1,434 | 890 | 1,258 |
| Mortgage loans | 242 | 113 | 145 | 104 |
| Other investments | 609 | 172 | 292 | 295 |
| Change in short-term and other investments, net | 791 | -724 | 617 | -792 |
| Purchases of property and equipment, net | 228 | 210 | 267 | 420 |
| Proceeds from sale of property and equipment | 0 | 18 | 27 | 209 |
| Acquisition of operations, net of cash acquired | 0 | 13 | 0 | 0 |
| Proceeds from disposition of operations, net of cash transferred | 3,041 | - | 0 | 0 |
| Net cash used in investing activities | -7,255 | -8,252 | -2,999 | -1,728 |
| Proceeds from issuance of debt | 0 | 495 | 743 | 0 |
| Redemption and repayment of debt | 600 | 350 | 750 | 0 |
| Proceeds from issuance of preferred stock | 0 | 0 | 587 | - |
| Redemption of preferred stock | 0 | 0 | -575 | 0 |
| Contractholder fund deposits | 30 | 129 | 130 | 133 |
| Contractholder fund withdrawals | 15 | 37 | 35 | 49 |
| Dividends paid on common stock | 1,036 | 962 | 925 | 926 |
| Dividends paid on preferred stock | 117 | 117 | 107 | 105 |
| Treasury stock purchases | 1,233 | 2 | 335 | 2,520 |
| Shares reissued under equity incentive plans, net | 48 | 163 | 73 | 82 |
| Other | 42 | -16 | -49 | -35 |
| Net cash used in financing activities | -2,881 | -697 | -1,243 | -3,420 |
| Net decrease in cash | -26 | -18 | -14 | -27 |
| Cash at beginning of period | 704 | 722 | 736 | 763 |
| Less cash classified as assets held for sale at end of period | - | - | 0 | 0 |
| Cash at end of period | 678 | 704 | 722 | 736 |
ALLSTATE CORP (ALL-PJ)
ALLSTATE CORP (ALL-PJ)