secwatch.observer — SEC 8-K summary
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Issuer:     ALLSTATE CORP (ALL)
CIK:        0000899051
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000899051-23-000075
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allstate Q3 net loss narrows to $41M; adjusted EPS $0.81; pursues Health & Benefits sale
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- Net loss applicable to common shareholders was $41M ($0.16 diluted loss) vs $685M loss a year ago; adjusted net income was $214M ($0.81 diluted).
- Property-Liability underwriting loss of $414M improved $878M YoY; combined ratio 103.4 (vs 111.6).
- Allstate pursuing sale of Health & Benefits businesses, which generated $240M adjusted net income over last twelve months.
- Catastrophe losses totaled $1.18B in Q3, driven by Maui wildfire and Texas hailstorm; restructuring charges $87M.
- Auto rate increases implemented in 25 locations (avg 5.9%); underlying auto combined ratio improved to 98.8.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899051/000089905123000075/0000899051-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899051/000089905123000075/all-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000899051-23-000075

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