Allstate Corporation Intrinsic Value Calculator – ALLSTATE CORPORATION Reports Strong Second Quarter Earnings for FY2023

August 7, 2023

☀️Earnings Overview

On August 1 2023, ALLSTATE CORPORATION ($NYSE:ALL) released its financial results for the second quarter of FY2023. Compared to the same quarter in the prior year, total revenue grew 14.4% to USD 13979.0 million, and net income improved to -1352.0 million from -1015.0 million.

Stock Price

On Tuesday, ALLSTATE CORPORATION reported strong second quarter earnings for FY2023. The stock opened at $112.4 and closed at $113.0, up by 0.3% from its prior closing price of $112.7. The company’s strong second quarter earnings report reflects robust market conditions and successful strategies implemented throughout the year. Allstate’s CEO, Tom Wilson, commented on the company’s performance in a statement released on Tuesday: “We are pleased to report strong nine-month results driven by our commitment to delivering attractive value for our customers and shareholders.” The company’s success is grounded in its focus on innovation and customer experience. Allstate’s product offerings have evolved over the years, enabling the company to provide more comprehensive coverage to its policyholders while also increasing its market share in the insurance industry.

Additionally, Allstate has invested significantly in digital technologies and data analytics to ensure a smoother customer experience. Its market value has increased over the past two years and, if current trends continue, its stock should remain a solid investment for investors in the coming months. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Allstate Corporation. More…

    Total Revenues Net Income Net Margin
    54.62k -2.75k -4.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Allstate Corporation. More…

    Operations Investing Financing
    4.79k -2.64k -2.21k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Allstate Corporation. More…

    Total Assets Total Liabilities Book Value Per Share
    100.51k 85.14k 59.28
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Allstate Corporation are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    7.6% -5.8%
    FCF Margin ROE ROA
    8.2% -11.9% -2.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Allstate Corporation Intrinsic Value Calculator

    GoodWhale has conducted an analysis of ALLSTATE CORPORATION‘s wellbeing and found that the intrinsic value of ALLSTATE CORPORATION share is around $139.1 as calculated by our proprietary Valuation Line. This gives investors an advantageous opportunity to buy into ALLSTATE CORPORATION at a discount and benefit from capital appreciation in the future. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • Peers

    Allstate Corporation is an American publicly held insurance company headquartered in Northfield Township, Illinois, a suburb of Chicago. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993. The company also has personal lines insurance operations in Canada. Allstate is a leading insurer of properties and casualty insurance in the United States.

    – QBE Insurance Group Ltd ($ASX:QBE)

    QBE Insurance Group Ltd is a leading global insurer with operations in 37 countries. QBE offers a broad range of personal, commercial and specialty insurance products and services. QBE is one of the world’s top 20 insurers by gross written premium. QBE has a market capitalization of A$17.85 billion as of 2020 and a return on equity of 5.94%. The company reported a net profit after tax of A$1.05 billion for the year ended December 31, 2019. QBE’s primary business segments are general insurance, life insurance, and reinsurance.

    – ICPEI Holdings Inc ($TSXV:ICPH)

    CPEI Holdings Inc is a provider of residential, commercial and industrial real estate services. It has a market cap of 31.95M as of 2022 and a return on equity of 18.79%. The company offers a range of services including property management, leasing, sales, marketing, and construction management.

    – Safety Insurance Group Inc ($NASDAQ:SAFT)

    Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders’ equity. The higher the ROE, the more efficient a company is in generating profits from its shareholders’ equity.

    Safety Insurance Group, Inc. is a provider of property and casualty insurance products in the United States. The company offers a range of insurance products, including auto, homeowners, business, and umbrella insurance. Safety Insurance Group, Inc. is headquartered in Boston, Massachusetts.

    Summary

    Allstate Corporation reported strong second quarter earnings for FY2023 with total revenue up 14.4% year-on-year to USD 13979.0 million. Net income showed substantial improvement from -1015.0 million in the prior year to -1352.0 million. This is encouraging news for investors as it indicates the company’s financial performance is improving.

    It remains to be seen whether this upwards trajectory will continue in the coming quarters. Nonetheless, Allstate Corporation looks to be a solid investment opportunity at present for those looking for a relatively safe return.

    Recent Posts

    Leave a Comment