ALLSTATE CORP
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
ALL$254.81-4.5%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (unaudited)
| (In millions, except per share data) | Three months endedMarch 31, | |
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Property and casualty insurance premiums | $13,512 | $12,173 |
| Accident and health insurance premiums and contract charges | 478 | 463 |
| Other revenue | 669 | 561 |
| Net investment income | 764 | 575 |
| Net gains (losses) on investments and derivatives | (164) | 14 |
| Total revenues | 15,259 | 13,786 |
| Costs and expenses | ||
| Property and casualty insurance claims and claims expense | 9,501 | 10,326 |
| Accident, health and other policy benefits | 296 | 265 |
| Amortization of deferred policy acquisition costs | 1,939 | 1,744 |
| Operating costs and expenses | 1,885 | 1,716 |
| Pension and other postretirement remeasurement (gains) losses | (2) | (53) |
| Restructuring and related charges | 10 | 27 |
| Amortization of purchased intangibles | 69 | 81 |
| Interest expense | 97 | 86 |
| Total costs and expenses | 13,795 | 14,192 |
| Income (loss) from operations before income tax expense | 1,464 | (406) |
| Income tax expense (benefit) | 266 | (85) |
| Net income (loss) | 1,198 | (321) |
| Less: Net loss attributable to noncontrolling interest | (20) | (1) |
| Net income (loss) attributable to Allstate | 1,218 | (320) |
| Less: Preferred stock dividends | 29 | 26 |
| Net income (loss) applicable to common shareholders | $1,189 | $(346) |
| Earnings per common share: | ||
| Net income (loss) applicable to common shareholders per common share - Basic | $4.51 | $(1.31) |
| Weighted average common shares - Basic | 263.5 | 263.5 |
| Net income (loss) applicable to common shareholders per common share - Diluted | $4.46 | $(1.31) |
| Weighted average common shares - Diluted | 266.5 | 263.5 |
First Quarter 2024 Form 10-Q 1
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