ALLSTATE CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
ALL$253.79-0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| (In millions, except per share data) | 2023 | 2022 | 2021 |
| Revenues | |||
| Property and casualty insurance premiums | $50,670 | $45,904 | $42,218 |
| Accident and health insurance premiums and contract charges | 1,846 | 1,832 | 1,834 |
| Other revenue | 2,400 | 2,344 | 2,172 |
| Net investment income | 2,478 | 2,403 | 3,293 |
| Net gains (losses) on investments and derivatives | (300) | (1,072) | 1,084 |
| Total revenues | 57,094 | 51,411 | 50,601 |
| Costs and expenses | |||
| Property and casualty insurance claims and claims expense | 41,070 | 37,264 | 29,318 |
| Shelter-in-Place Payback expense | — | — | 29 |
| Accident, health and other policy benefits (including remeasurement (gains) losses of $0, $(4), and $(11)) | 1,071 | 1,042 | 1,060 |
| Amortization of deferred policy acquisition costs | 7,278 | 6,634 | 6,236 |
| Operating costs and expenses | 7,137 | 7,446 | 7,260 |
| Pension and other postretirement remeasurement (gains) losses | 9 | 116 | (644) |
| Restructuring and related charges | 169 | 51 | 170 |
| Amortization of purchased intangibles | 329 | 353 | 376 |
| Interest expense | 379 | 335 | 330 |
| Total costs and expenses | 57,442 | 53,241 | 44,135 |
| (Loss) income from operations before income tax expense | (348) | (1,830) | 6,466 |
| Income tax (benefit) expense | (135) | (488) | 1,292 |
| Net (loss) income from continuing operations | (213) | (1,342) | 5,174 |
| Loss from discontinued operations, net of tax | — | — | (3,593) |
| Net (loss) income | (213) | (1,342) | 1,581 |
| Less: Net loss attributable to noncontrolling interest | (25) | (53) | (33) |
| Net (loss) income attributable to Allstate | (188) | (1,289) | 1,614 |
| Less: Preferred stock dividends | 128 | 105 | 114 |
| Net (loss) income applicable to common shareholders | $(316) | $(1,394) | $1,500 |
| Earnings per common share applicable to common shareholders | |||
| Basic | |||
| Continuing operations | $(1.20) | $(5.14) | $17.28 |
| Discontinued operations | — | — | (12.19) |
| Total | $(1.20) | $(5.14) | $5.09 |
| Diluted | |||
| Continuing operations | $(1.20) | $(5.14) | $17.03 |
| Discontinued operations | — | — | (12.02) |
| Total | $(1.20) | $(5.14) | $5.01 |
| Weighted average common shares - Basic | 262.5 | 271.2 | 294.8 |
| Weighted average common shares - Diluted | 262.5 | 271.2 | 299.1 |
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