• Allstate average return on tangible equity for 2023 was -13.88, a 652.99% decline from 2022.
• Allstate average return on tangible equity for 2022 was 2.51, a 79.63% decline from 2021.
• Allstate average return on tangible equity for 2021 was 12.32, a 36.43% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.