 |
 |
|
|
|
|
|
|
Net Income Per Diluted Share
| |
|
% |
| 2004 |
2003 |
change |
|
|
|
| $4.54 |
$3.83 |
18.5 |
|
|
|
|
 |
|
Net income per diluted share, which increased 18.5 percent
in 2004, divides net income by the number of weighted average
diluted shares outstanding. It demonstrates the growth of net
income during the year that is attributable to each share of
stock. |
| |
 |
|
|
|
|
|
|
Operating Income
| ($ in millions) |
| |
|
% |
| 2004 |
2003 |
change |
|
|
|
| $3,091 |
$2,662 |
16.1 |
|
|
|
|
 |
|
In 2004, operating income rose to a record $3.1 billion.
This is a common measure used by the investment community to
analyze our results. Operating income reveals trends in our
insurance and financial services business that may be obscured
by business decisions and economic developments unrelated to
the insurance underwriting process. |
| |
 |
|
|
|
|
|
|
Revenues
| ($ in millions) |
| |
|
% |
| 2004 |
2003 |
change |
|
|
|
| $33,936 |
$32,149 |
5.6 |
|
|
|
|
 |
|
Revenues rose 5.6 percent to $33.9 billion in 2004. Revenues
indicate Allstate’s total premium and investment results.
|
| |
|
|
|
|
|
|
|
Return on Equity
|
 |
|
Return on equity, which measures how well Allstate used shareholders’
equity to generate earnings, increased to 15.0 percent in 2004
from 14.2 percent in 2003. |
| |
|
|
|
|
|
|
|
Book Value Per Diluted Share
| |
|
% |
| 2004 |
2003 |
change |
|
|
|
| $31.72 |
$29.04 |
9.2 |
|
|
|
|
 |
|
Book value per share, which rose 9.2 percent in 2004, is
shareholders’ equity divided by the number of diluted
shares outstanding on December 31. This demonstrates an increasing
ownership interest in Allstate on a per share basis. |
| |
 |
|
|
|
|
|
|
Shareholders’ Equity
| ($ in millions) |
| |
|
% |
| 2004 |
2003 |
change |
|
|
|
| $21,823 |
$20,565 |
6.1 |
|
|
|
|
 |
|
Shareholders’ equity, which is the company’s
total assets minus total liabilities, indicates the value of
the ownership interest of Allstate shareholders. It increased
6.1 percent in 2004 to $21.8 billion from $20.6 billion in 2003. |
| * |
Measures we use that are not based on
generally accepted accounting principles (non-GAAP) are
defined and reconciled to the most directly comparable
GAAP measure, and operating measures we use are defined
in the “Definitions of Non-GAAP
and Operating Measures” section. |
|
