secwatch.observer — SEC 8-K summary
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Issuer:     ALLSTATE CORP (ALL)
CIK:        0000899051
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000899051-23-000031
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allstate reports March cat losses of $1.17B, Q1 total $1.69B; approves 6.9% CA rate hike
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- March catastrophe losses pre-tax $1.17B ($927M after-tax); Q1 total $1.69B pre-tax.
- Allstate brand March auto rate increase 7.6% in 10 locations; YTD premium impact 1.7% ($454M annualized).
- California DOI approved 6.9% Allstate brand auto rate increase, to be implemented April, effective June 2023.
- Unfavorable prior year reserve reestimates (ex-cat) $27M in Q1, $23M from commercial exited business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899051/000089905123000031/0000899051-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899051/000089905123000031/all-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000899051-23-000031

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