secwatch.observer — SEC 8-K summary
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Issuer:     ALLSTATE CORP (ALL)
CIK:        0000899051
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000899051-25-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allstate Q1 net income down 52% to $566M on record $3.3B catastrophe losses; revenue up 7.8%
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- Net income $566M ($2.11/sh) vs $1.189B ($4.46/sh) YoY; adjusted net income $949M ($3.53/sh) down 30.6%.
- Revenue $16.5B (+7.8%); Property-Liability earned premiums $14.0B (+8.7%).
- Record gross catastrophe losses $3.3B; net $2.2B after $1.1B reinsurance recoveries; combined ratio 97.4 vs 93.0.
- Auto underwriting income $816M (combined ratio 91.3, -4.7 pts); homeowners underwriting loss $451M (combined ratio 112.3).
- Dividend raised to $1.00/share from $0.92; $1.5B share repurchase program; sale of Employer Voluntary Benefits closed for $2.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899051/000089905125000040/0000899051-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899051/000089905125000040/all-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000899051-25-000040

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