Subtext

The Allstate Corporation ALL

SectorFinancials
Transcripts72
Date range2007-07-19 – 2025-05-01
Calls charted72

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-14-7+0+7+142007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Overall: -0.32007 Q3 · Overall: -3.52007 Q4 · Overall: -11.82008 Q1 · Overall: -11.52008 Q2 · Overall: -6.12008 Q3 · Overall: -6.12008 Q4 · Overall: -10.12009 Q1 · Overall: -7.92009 Q2 · Overall: -2.72009 Q3 · Overall: +2.52009 Q4 · Overall: +1.22010 Q1 · Overall: -2.62010 Q2 · Overall: -3.62010 Q3 · Overall: -0.52010 Q4 · Overall: -5.02011 Q1 · Overall: -0.62011 Q2 · Overall: +1.12011 Q3 · Overall: +4.32011 Q4 · Overall: +4.02012 Q1 · Overall: +4.22012 Q2 · Overall: -0.12012 Q3 · Overall: -1.22012 Q4 · Overall: +5.42013 Q1 · Overall: +3.02013 Q2 · Overall: +3.32013 Q3 · Overall: +6.42013 Q4 · Overall: +6.22014 Q1 · Overall: +3.92014 Q2 · Overall: +4.92014 Q3 · Overall: +4.02014 Q4 · Overall: +1.32015 Q1 · Overall: +3.22015 Q2 · Overall: -3.52015 Q3 · Overall: -5.22015 Q4 · Overall: -0.82016 Q1 · Overall: -2.32016 Q2 · Overall: -6.42016 Q3 · Overall: -7.02016 Q4 · Overall: -1.32017 Q1 · Overall: +1.32017 Q2 · Overall: +4.72017 Q3 · Overall: +6.92017 Q4 · Overall: +6.22018 Q1 · Overall: +2.42018 Q2 · Overall: +3.42018 Q3 · Overall: +3.92018 Q4 · Overall: +2.92019 Q1 · Overall: -2.22019 Q2 · Overall: +8.32019 Q3 · Overall: +0.52019 Q4 · Overall: +1.42020 Q1 · Overall: -2.92020 Q2 · Overall: -1.02020 Q3 · Overall: +1.52020 Q4 · Overall: +9.72021 Q1 · Overall: +3.82021 Q2 · Overall: +9.12021 Q3 · Overall: +1.62021 Q4 · Overall: +0.92022 Q1 · Overall: +2.12022 Q2 · Overall: -5.22022 Q3 · Overall: -10.82022 Q4 · Overall: -7.32023 Q1 · Overall: -4.02023 Q2 · Overall: -8.32023 Q3 · Overall: +1.42023 Q4 · Overall: +0.52024 Q1 · Overall: -0.82024 Q2 · Overall: +8.52024 Q3 · Overall: +6.62024 Q4 · Overall: +4.82025 Q1 · Overall: +3.1
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-40-20+0+20+402007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · CEO: +4.42007 Q3 · CEO: +7.92007 Q4 · CEO: -3.82008 Q1 · CEO: -34.82008 Q4 · CEO: +1.62009 Q1 · CEO: +4.72009 Q2 · CEO: +4.62009 Q3 · CEO: +6.92009 Q4 · CEO: +19.32010 Q1 · CEO: -1.12010 Q2 · CEO: -3.82010 Q3 · CEO: +0.92010 Q4 · CEO: -3.22011 Q1 · CEO: +5.72011 Q2 · CEO: +8.52011 Q3 · CEO: +9.22011 Q4 · CEO: +3.42012 Q1 · CEO: +8.52012 Q2 · CEO: +1.42012 Q3 · CEO: +2.92012 Q4 · CEO: +8.72013 Q1 · CEO: +11.12013 Q2 · CEO: +6.82013 Q3 · CEO: +14.72013 Q4 · CEO: +9.82014 Q1 · CEO: +7.62014 Q2 · CEO: +12.72014 Q3 · CEO: +10.12014 Q4 · CEO: +8.22015 Q1 · CEO: +13.12015 Q2 · CEO: +0.02015 Q3 · CEO: -4.02015 Q4 · CEO: -1.72016 Q1 · CEO: +5.62016 Q2 · CEO: +0.02016 Q3 · CEO: +2.52016 Q4 · CEO: +11.42017 Q1 · CEO: +3.62017 Q2 · CEO: +11.72017 Q3 · CEO: +9.92017 Q4 · CEO: +13.02018 Q1 · CEO: +6.12018 Q2 · CEO: +4.92007 Q2 · CFO: -0.42007 Q3 · CFO: -14.62007 Q4 · CFO: -15.52008 Q4 · CFO: -23.22009 Q1 · CFO: -16.62009 Q2 · CFO: +10.72009 Q3 · CFO: -1.52009 Q4 · CFO: -4.42010 Q1 · CFO: +4.12010 Q2 · CFO: -6.02010 Q3 · CFO: +2.42010 Q4 · CFO: -8.52011 Q1 · CFO: -1.92011 Q2 · CFO: -4.82011 Q3 · CFO: -1.32011 Q4 · CFO: +14.42012 Q1 · CFO: +17.72012 Q2 · CFO: +16.12012 Q3 · CFO: +5.62012 Q4 · CFO: +16.12013 Q1 · CFO: -5.42013 Q2 · CFO: -3.82013 Q3 · CFO: -2.92013 Q4 · CFO: +4.02014 Q1 · CFO: -2.02014 Q2 · CFO: +1.62014 Q3 · CFO: +2.02014 Q4 · CFO: +7.42015 Q1 · CFO: +2.42015 Q4 · CFO: +4.92016 Q2 · CFO: +0.82016 Q4 · CFO: +1.32017 Q2 · CFO: +3.32017 Q4 · CFO: +1.62018 Q2 · CFO: +15.1
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-24-12+0+12+242007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Prepared remarks: +5.92007 Q3 · Prepared remarks: -8.02007 Q4 · Prepared remarks: -14.92008 Q1 · Prepared remarks: -18.12008 Q2 · Prepared remarks: -15.62008 Q3 · Prepared remarks: -4.92008 Q4 · Prepared remarks: -20.72009 Q1 · Prepared remarks: -13.12009 Q2 · Prepared remarks: +6.72009 Q3 · Prepared remarks: +10.42009 Q4 · Prepared remarks: +9.82010 Q1 · Prepared remarks: -9.52010 Q2 · Prepared remarks: -4.12010 Q3 · Prepared remarks: -7.32010 Q4 · Prepared remarks: -7.72011 Q1 · Prepared remarks: +9.82011 Q2 · Prepared remarks: -0.82011 Q3 · Prepared remarks: +3.22011 Q4 · Prepared remarks: +9.02012 Q1 · Prepared remarks: +5.72012 Q2 · Prepared remarks: +7.22012 Q3 · Prepared remarks: +2.92012 Q4 · Prepared remarks: +5.62013 Q1 · Prepared remarks: -2.52013 Q2 · Prepared remarks: +6.72013 Q3 · Prepared remarks: +7.32013 Q4 · Prepared remarks: +9.52014 Q1 · Prepared remarks: +4.82014 Q2 · Prepared remarks: +5.82014 Q3 · Prepared remarks: +7.32014 Q4 · Prepared remarks: +2.72015 Q1 · Prepared remarks: +0.32015 Q2 · Prepared remarks: -2.52015 Q3 · Prepared remarks: -5.72015 Q4 · Prepared remarks: -1.62016 Q1 · Prepared remarks: -2.62016 Q2 · Prepared remarks: -5.12016 Q3 · Prepared remarks: -12.02016 Q4 · Prepared remarks: +5.82017 Q1 · Prepared remarks: +2.62017 Q2 · Prepared remarks: +13.32017 Q3 · Prepared remarks: +11.52017 Q4 · Prepared remarks: +11.32018 Q1 · Prepared remarks: -1.22018 Q2 · Prepared remarks: +14.72018 Q3 · Prepared remarks: +10.02018 Q4 · Prepared remarks: +12.32019 Q1 · Prepared remarks: +5.82019 Q2 · Prepared remarks: +9.72019 Q3 · Prepared remarks: +8.82019 Q4 · Prepared remarks: +6.42020 Q1 · Prepared remarks: -6.12020 Q2 · Prepared remarks: +13.52020 Q3 · Prepared remarks: +7.12020 Q4 · Prepared remarks: +20.02021 Q1 · Prepared remarks: +6.92021 Q2 · Prepared remarks: +18.72021 Q3 · Prepared remarks: -0.92021 Q4 · Prepared remarks: +3.32022 Q1 · Prepared remarks: +1.12022 Q2 · Prepared remarks: -3.32022 Q3 · Prepared remarks: -15.52022 Q4 · Prepared remarks: -9.72023 Q1 · Prepared remarks: +3.02023 Q2 · Prepared remarks: -9.62023 Q3 · Prepared remarks: +8.72023 Q4 · Prepared remarks: +2.92024 Q1 · Prepared remarks: +10.22024 Q2 · Prepared remarks: +7.62024 Q3 · Prepared remarks: +6.62024 Q4 · Prepared remarks: +11.62025 Q1 · Prepared remarks: +3.82007 Q2 · Q&A responses: +1.52007 Q3 · Q&A responses: +3.62007 Q4 · Q&A responses: -5.32008 Q1 · Q&A responses: -4.02008 Q2 · Q&A responses: +2.62008 Q3 · Q&A responses: -2.82008 Q4 · Q&A responses: +0.22009 Q1 · Q&A responses: -1.82009 Q2 · Q&A responses: -2.02009 Q3 · Q&A responses: +2.22009 Q4 · Q&A responses: +3.72010 Q1 · Q&A responses: +1.82010 Q2 · Q&A responses: -2.72010 Q3 · Q&A responses: +6.22010 Q4 · Q&A responses: -1.72011 Q1 · Q&A responses: -1.22011 Q2 · Q&A responses: +6.52011 Q3 · Q&A responses: +7.92011 Q4 · Q&A responses: +2.82012 Q1 · Q&A responses: +6.62012 Q2 · Q&A responses: -1.62012 Q3 · Q&A responses: -2.22012 Q4 · Q&A responses: +8.32013 Q1 · Q&A responses: +7.22013 Q2 · Q&A responses: +3.22013 Q3 · Q&A responses: +7.22013 Q4 · Q&A responses: +5.92014 Q1 · Q&A responses: +6.52014 Q2 · Q&A responses: +5.92014 Q3 · Q&A responses: +5.22014 Q4 · Q&A responses: +1.42015 Q1 · Q&A responses: +6.02015 Q2 · Q&A responses: -2.02015 Q3 · Q&A responses: -3.22015 Q4 · Q&A responses: +3.32016 Q1 · Q&A responses: +0.42016 Q2 · Q&A responses: -8.22016 Q3 · Q&A responses: -2.12016 Q4 · Q&A responses: -1.92017 Q1 · Q&A responses: +1.92017 Q2 · Q&A responses: +3.02017 Q3 · Q&A responses: +7.42017 Q4 · Q&A responses: +7.32018 Q1 · Q&A responses: +7.52018 Q2 · Q&A responses: +3.62018 Q3 · Q&A responses: +3.62018 Q4 · Q&A responses: +3.42019 Q1 · Q&A responses: -1.62019 Q2 · Q&A responses: +12.02019 Q3 · Q&A responses: +3.72019 Q4 · Q&A responses: +3.62020 Q1 · Q&A responses: +0.42020 Q2 · Q&A responses: -4.82020 Q3 · Q&A responses: +1.82020 Q4 · Q&A responses: +5.02021 Q1 · Q&A responses: +3.92021 Q2 · Q&A responses: +5.92021 Q3 · Q&A responses: +6.02021 Q4 · Q&A responses: +2.02022 Q1 · Q&A responses: +7.72022 Q2 · Q&A responses: -2.92022 Q3 · Q&A responses: +0.02022 Q4 · Q&A responses: -2.92023 Q1 · Q&A responses: -2.52023 Q2 · Q&A responses: -5.22023 Q3 · Q&A responses: +1.92023 Q4 · Q&A responses: +2.72024 Q1 · Q&A responses: +4.02024 Q2 · Q&A responses: +13.82024 Q3 · Q&A responses: +8.42024 Q4 · Q&A responses: +4.92025 Q1 · Q&A responses: +8.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$4.30$11.27$18.242007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: $5.262014 Q2: $5.352014 Q3: $5.552014 Q4: $5.812015 Q1: $5.842015 Q2: $5.832015 Q3: $5.492015 Q4: $5.512016 Q1: $5.662016 Q2: $5.332016 Q3: $5.752016 Q4: $6.162017 Q1: $6.392017 Q2: $6.582017 Q3: $6.922017 Q4: $7.312018 Q1: $8.412018 Q2: $8.932018 Q3: $9.192018 Q4: $9.062019 Q1: $9.322019 Q2: $9.442019 Q3: $10.122019 Q4: $10.352020 Q1: $10.542020 Q2: $10.762020 Q3: $11.882020 Q4: $12.352021 Q1: $12.512021 Q2: $14.272021 Q3: $13.642021 Q4: $10.902022 Q1: $10.772022 Q2: $11.062022 Q3: $10.022022 Q4: $9.242023 Q1: $8.552023 Q2: $7.512023 Q3: $8.302023 Q4: $12.052024 Q1: $13.572024 Q2: $15.522024 Q3: $17.28

Forward P/E

6.5611.0015.442007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: 10.522014 Q2: 11.062014 Q3: 11.122014 Q4: 11.742015 Q1: 12.092015 Q2: 11.532015 Q3: 10.782015 Q4: 11.502016 Q1: 11.722016 Q2: 12.352016 Q3: 11.712016 Q4: 11.792017 Q1: 12.932017 Q2: 13.512017 Q3: 13.152017 Q4: 14.132018 Q1: 11.462018 Q2: 10.452018 Q3: 11.072018 Q4: 8.942019 Q1: 10.042019 Q2: 10.892019 Q3: 10.672019 Q4: 10.592020 Q1: 7.172020 Q2: 9.112020 Q3: 8.072020 Q4: 8.622021 Q1: 9.262021 Q2: 9.142021 Q3: 9.652021 Q4: 10.412022 Q1: 11.752022 Q2: 11.002022 Q3: 12.382022 Q4: 14.062023 Q1: 12.932023 Q2: 14.832023 Q3: 13.122023 Q4: 11.982024 Q1: 11.792024 Q2: 10.312024 Q3: 11.05

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -2.7 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -3.8 fwd EPS ↑ +1.10 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -5.1 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -7.7 fwd EPS ↑ +0.68 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -4.3 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -5.9 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -7.3 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +3.5 fwd EPS ↓ -0.78 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↑ +3.3 fwd EPS ↓ -0.69 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+3.1——View →
2024 Q42025-02-06+4.8——View →
2024 Q32024-10-31+6.6$17.2811.1View →
2024 Q22024-08-01+8.5$15.5210.3View →
2024 Q12024-05-02-0.8$13.5711.8View →
2023 Q42024-02-08+0.5$12.0512.0View →
2023 Q32023-11-02+1.4$8.3013.1View →
2023 Q22023-08-02-8.3$7.5114.8View →