Allstate reports Q4 net income $1.5B, adjusted EPS $5.82; combined ratio 89.5

ALLSTATE CORP

2023-FY EPS reported -$1.20 revenue$57,094,000,000

Net income applicable to common shareholders of $1,460M ($5.52 diluted EPS) vs loss of $303M a year ago.
Adjusted net income of $1,541M ($5.82 diluted EPS); Property-Liability underwriting income $1,325M.
Property-Liability combined ratio improved 19.6 pts to 89.5; auto combined ratio 98.9, homeowners 62.0.
Consolidated revenues $14.8B (+8.7% YoY); premiums written $12.6B (+10.1%) driven by rate increases.
Catastrophe losses fell to $68M from $779M; investment portfolio returned 4.6% during the quarter.

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 0.95

ALLSTATE CORP reported the fourth quarter of 2023 results: revenue $14,832, net income $1,460, EPS $5.52.

Period: the fourth quarter of 2023
Revenue: $14,832
Net income: $1,460
EPS: $5.52
Result: reported results

Exact text from the filing

ended December 31, Twelve months ended December 31, ($ in millions, except per share data and ratios) 2023 2022 % / pts Change 2023 2022 % / pts Change Consolidated revenues $ 14,832 $ 13,648 8.7 % $ 57,094 $ 51,411 11.1 % Net income (loss) applicable to common shareholders 1,460 (303) NM (316) (1,394) (77.3) per diluted common share (2) 5.52 (1.15) NM (1.20)

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Source: SEC EDGAR

accession 0000899051-24-000005

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