ALLSTATE CORP
For the period ended Jun 30, 2024. Filed Jul 31, 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.
Jun 30, 2024 · Filed Jul 31, 2024
ALL$261.12+2.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Financial Position
Condensed Consolidated Statements of Financial Position (unaudited)
| ($ in millions, except par value data) | June 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Investments | ||
| Fixed income securities, at fair value (amortized cost, net $53,788 and $49,649) | $52,576 | $48,865 |
| Equity securities, at fair value (cost $2,003 and $2,244) | 2,216 | 2,411 |
| Mortgage loans, net | 815 | 822 |
| Limited partnership interests | 8,730 | 8,380 |
| Short-term, at fair value (amortized cost $5,290 and $5,145) | 5,288 | 5,144 |
| Other investments, net | 979 | 1,055 |
| Total investments | 70,604 | 66,677 |
| Cash | 599 | 722 |
| Premium installment receivables, net | 10,762 | 10,044 |
| Deferred policy acquisition costs | 6,112 | 5,940 |
| Reinsurance and indemnification recoverables, net | 8,730 | 8,809 |
| Accrued investment income | 609 | 539 |
| Deferred income taxes | 212 | 219 |
| Property and equipment, net | 777 | 859 |
| Goodwill | 3,502 | 3,502 |
| Other assets, net | 6,461 | 6,051 |
| Total assets | 108,368 | 103,362 |
| Liabilities | ||
| Reserve for property and casualty insurance claims and claims expense | 41,553 | 39,858 |
| Reserve for future policy benefits | 1,344 | 1,347 |
| Contractholder funds | 891 | 888 |
| Unearned premiums | 25,929 | 24,709 |
| Claim payments outstanding | 1,575 | 1,353 |
| Other liabilities and accrued expenses | 10,421 | 9,635 |
| Debt | 8,082 | 7,942 |
| Total liabilities | 89,795 | 85,732 |
| Commitments and Contingent Liabilities (Note 14) | ||
| Equity | ||
| Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 82.0 thousand shares issued and outstanding, $2,050 aggregate liquidation preference | 2,001 | 2,001 |
| Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 264 million and 262 million shares outstanding | 9 | 9 |
| Additional capital paid-in | 3,927 | 3,854 |
| Retained income | 50,718 | 49,716 |
| Treasury stock, at cost (636 million and 638 million shares) | (37,036) | (37,110) |
| Accumulated other comprehensive income (loss): | ||
| Unrealized net capital gains and losses | (938) | (604) |
| Unrealized foreign currency translation adjustments | (113) | (98) |
| Unamortized pension and other postretirement prior service credit | 12 | 13 |
| Discount rate for reserve for future policy benefits | 13 | (11) |
| Total accumulated other comprehensive loss | (1,026) | (700) |
| Total Allstate shareholders’ equity | 18,593 | 17,770 |
| Noncontrolling interest | (20) | (140) |
| Total equity | 18,573 | 17,630 |
| Total liabilities and equity | $108,368 | $103,362 |
Second Quarter 2024 Form 10-Q 3
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