secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALLSTATE CORP (ALL)
CIK:        0000899051
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000899051-22-000078
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allstate Q3 net loss $694M; reserve strengthening $875M; auto combined ratio 117.4
--------------------------------------------------------------------------------

- Net loss of $694M ($2.58 EPS) vs income of $508M ($1.71 EPS) a year ago; adjusted net loss $420M ($1.56 EPS).
- Property-Liability underwriting loss $1.29B; combined ratio 111.6 vs 105.3; prior year reserves increased $875M.
- Allstate auto combined ratio 117.4; underlying 104.0; rate increases of 10.4% effective in 2022; exiting unprofitable states.
- Revenues $13.2B (+5.8%); earned premiums +9.8% to $11.2B; net investment income $690M (-$74M YoY).
- Shareholder returns: $897M in Q3 ($665M buybacks, $232M dividends); $1.2B remaining on $5B authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899051/000089905122000078/0000899051-22-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899051/000089905122000078/all-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000899051-22-000078

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer