---
schema_version: "secwatch.filing_event.v1"
accession: "0000899051-23-000036"
form_type: "8-K"
ticker: "ALL"
cik: "0000899051"
company_name: "ALLSTATE CORP"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:13:33.097925+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000899051-23-000036
- form_type: 8-K
- ticker: ALL
- cik: 0000899051
- company_name: ALLSTATE CORP
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899051/000089905123000036/0000899051-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899051/000089905123000036/all-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000899051-23-000036
- JSON: https://secwatch.observer/filing/0000899051-23-000036.json
- Plain text: https://secwatch.observer/filing/0000899051-23-000036.txt

## Key facts
- Earnings Releases
  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: $(1.31) per diluted share
  - Result: reported results
  source text: Allstate Corporation Consolidated Highlights (1) Three months ended March 31, ($ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/899051/000089905123000036/0000899051-23-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.