ALLSTATE CORP
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
ALL$261.12+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| ($ in millions) | 2024 | 2023 | 2022 |
| Cash flows from operating activities | |||
| Net income (loss) | $4,599 | $(213) | $(1,342) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation, amortization and other non-cash items | 555 | 704 | 847 |
| Net (gains) losses on investments and derivatives | 225 | 300 | 1,072 |
| Pension and other postretirement remeasurement (gains) losses | (37) | 9 | 116 |
| Changes in: | |||
| Policy benefits and other insurance reserves | 2,171 | 2,202 | 4,445 |
| Unearned premiums | 2,294 | 2,385 | 2,539 |
| Deferred policy acquisition costs | (347) | (489) | (713) |
| Premium installment receivables, net | (705) | (861) | (1,038) |
| Reinsurance recoverables, net | (226) | 807 | 451 |
| Income taxes | 753 | (229) | (715) |
| Other operating assets and liabilities | (351) | (387) | (541) |
| Net cash provided by operating activities | 8,931 | 4,228 | 5,121 |
| Cash flows from investing activities | |||
| Proceeds from sales | |||
| Fixed income securities | 38,751 | 22,973 | 31,494 |
| Equity securities | 3,168 | 5,400 | 10,969 |
| Limited partnership interests | 633 | 710 | 970 |
| Other investments | 265 | 594 | 1,071 |
| Investment collections | |||
| Fixed income securities | 1,509 | 1,641 | 728 |
| Mortgage loans | 151 | 81 | 163 |
| Other investments | 41 | 152 | 167 |
| Investment purchases | |||
| Fixed income securities | (46,590) | (29,431) | (36,920) |
| Equity securities | (4,980) | (2,935) | (9,294) |
| Limited partnership interests | (1,434) | (890) | (1,258) |
| Mortgage loans | (113) | (145) | (104) |
| Other investments | (172) | (292) | (295) |
| Change in short-term and other investments, net | 724 | (617) | 792 |
| Purchases of property and equipment, net | (210) | (267) | (420) |
| Proceeds from sale of property and equipment | 18 | 27 | 209 |
| Acquisition of operations, net of cash acquired | (13) | — | — |
| Net cash used in investing activities | (8,252) | (2,999) | (1,728) |
| Cash flows from financing activities | |||
| Proceeds from issuance of debt | 495 | 743 | — |
| Redemption and repayment of debt | (350) | (750) | — |
| Proceeds from issuance of preferred stock | — | 587 | — |
| Redemption of preferred stock | — | (575) | — |
| Contractholder fund deposits | 129 | 130 | 133 |
| Contractholder fund withdrawals | (37) | (35) | (49) |
| Dividends paid on common stock | (962) | (925) | (926) |
| Dividends paid on preferred stock | (117) | (107) | (105) |
| Treasury stock purchases | (2) | (335) | (2,520) |
| Shares reissued under equity incentive plans, net | 163 | 73 | 82 |
| Other | (16) | (49) | (35) |
| Net cash used in financing activities | (697) | (1,243) | (3,420) |
| Net decrease in cash | (18) | (14) | (27) |
| Cash at beginning of period | 722 | 736 | 763 |
| Cash at end of period | $704 | $722 | $736 |
The Allstate Corporation 97
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