Allstate posts Q1 net loss of $346M; combined ratio 108.6 on higher catastrophe losses

ALLSTATE CORP

2023-Q1 EPS reported -$1.31 revenue$13,786,000,000

Net loss applicable to common $346M ($1.31 diluted EPS); adjusted net loss $342M ($1.30) vs income $634M ($2.25) in Q1 2022.
Property-Liability earned premiums $11.6B (+10.8% YoY); underwriting loss $1.0B from catastrophes $1.69B (vs $462M).
Auto combined ratio 104.4, underlying 102.6; homeowners combined ratio 119.0 (35.1 pts worse) from five March wind events.
Investment total return 2.4%; market-based income up 57% to $507M; performance-based down to $126M.
Share repurchases $153M, dividends $224M in Q1; book value per share $58.65 (down 22.3% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ALLSTATE CORP reported the first quarter of 2023 results: revenue $13,786, net income $(346) million, or $1.31 per share, EPS $(1.31) per diluted share.

Period: the first quarter of 2023
Revenue: $13,786
Net income: $(346) million, or $1.31 per share
EPS: $(1.31) per diluted share
Result: reported results

Exact text from the filing

Allstate Corporation Consolidated Highlights (1) Three months ended March 31, ($ in millions, except per share data and ratios) 2023 2022 % / pts Change Consolidated revenues $13,786 $12,336 11.8 % Net income (loss) applicable to common shareholders (346) 634 NM per diluted common share (2) (1.31) 2.25 NM Adjusted net income (loss)* (342) 730 NM per diluted

View on SEC.gov

Browse all earnings releases →

ALLSTATE CORP filing history →

Source: SEC EDGAR

accession 0000899051-23-000036

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.