ALLSTATE CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
ALL$253.79-0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Shareholders’ Equity
2023 Form 10-KFinancial Statements
Consolidated Statements of Shareholders’ Equity
| Years Ended December 31, | |||
|---|---|---|---|
| ($ in millions, except per share data) | 2023 | 2022 | 2021 |
| Preferred stock par value | $— | $— | $— |
| Preferred stock additional capital paid-in | |||
| Balance, beginning of year | 1,970 | 1,970 | 1,970 |
| Acquisition | — | — | 450 |
| Preferred stock issuance, net of issuance costs | 587 | — | — |
| Preferred stock redemption | (556) | — | (450) |
| Balance, end of year | 2,001 | 1,970 | 1,970 |
| Common stock par value | 9 | 9 | 9 |
| Common stock additional capital paid-in | |||
| Balance, beginning of year | 3,788 | 3,722 | 3,498 |
| Forward contract on accelerated share repurchase agreement | — | — | 113 |
| Equity incentive plans activity, net | 66 | 66 | 111 |
| Balance, end of year | 3,854 | 3,788 | 3,722 |
| Retained income | |||
| Balance, beginning of year | 50,970 | 53,288 | 52,767 |
| Cumulative effect of change in accounting principle | — | — | (21) |
| Net (loss) income | (188) | (1,289) | 1,614 |
| Dividends on common stock (declared per share of $3.56, $3.40 and $3.24) | (938) | (924) | (958) |
| Dividends on preferred stock | (128) | (105) | (114) |
| Balance, end of year | 49,716 | 50,970 | 53,288 |
| Treasury stock | |||
| Balance, beginning of year | (36,857) | (34,471) | (31,331) |
| Shares acquired | (332) | (2,496) | (3,262) |
| Shares reissued under equity incentive plans, net | 79 | 110 | 122 |
| Balance, end of year | (37,110) | (36,857) | (34,471) |
| Accumulated other comprehensive income (loss) | |||
| Balance, beginning of year | (2,392) | 426 | 3,304 |
| Cumulative effect of change in accounting principle | — | — | (277) |
| Change in unrealized net capital gains and losses | 1,651 | (2,853) | (2,583) |
| Change in unrealized foreign currency translation adjustments | 67 | (150) | (8) |
| Change in unamortized pension and other postretirement prior service credit | (16) | (43) | (59) |
| Change in discount rate for reserve for future policy benefits | (10) | 228 | 49 |
| Balance, end of year | (700) | (2,392) | 426 |
| Total Allstate shareholders’ equity | 17,770 | 17,488 | 24,944 |
| Noncontrolling interest | |||
| Balance, beginning of year | (125) | (52) | — |
| Acquisition | — | — | (16) |
| Change in unrealized net capital gains and losses | 10 | (20) | (3) |
| Noncontrolling loss | (25) | (53) | (33) |
| Balance, end of year | (140) | (125) | (52) |
| Total equity | $17,630 | $17,363 | $24,892 |
The Allstate Corporation 101
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