secwatch.observer — SEC 8-K summary
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Issuer:     ALLSTATE CORP (ALL)
CIK:        0000899051
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000899051-23-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899051/000089905123000036/0000899051-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899051/000089905123000036/all-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000899051-23-000036

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