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As of March 31, 2023
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Actual
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As Adjusted
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(in millions)
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Short-term debt
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| | | $ | — | | | | | $ | | | |
Long-term debt
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| | | | 8,452 | | | | | | | | |
Total debt
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| | | | 8,452 | | | | | | | | |
Preferred stock and additional capital paid-in
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| | | | | | | | | | | | |
Fixed Rate Noncumulative Perpetual Preferred Stock, Series J offered hereby
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| | | | — | | | | | | | | |
Other preferred stock(1)
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| | | | 1,970 | | | | | | | | |
Common stock and additional capital paid-in
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| | | | 3,789 | | | | | | | | |
Unrealized net capital gains and losses
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| | | | (1,573) | | | | | | | | |
Unrealized foreign currency translation adjustments
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| | | | (115) | | | | | | | | |
Unamortized pension and other postretirement prior service credit
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| | | | 25 | | | | | | | | |
Discount rate for reserve for future policy benefits
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| | | | (10) | | | | | | | | |
Retained income
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| | | | 50,388 | | | | | | | | |
Treasury stock, at cost
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| | | | (36,980) | | | | | | | | |
Total Allstate shareholders’ equity
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| | | | 17,494 | | | | | | | | |
Total capitalization
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| | | $ | 25,946 | | | | | $ | | | |
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As of or for
the three months ended March 31, |
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As of or for the year ended December 31,
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2023
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2022(2)
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2022(2)
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2021(2)
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2020
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2019
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2018
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(in millions)
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Consolidated statements of operations
data: |
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Insurance premiums and contract charges
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| | | $ | 12,636 | | | | | $ | 11,449 | | | | | $ | 47,736 | | | | | $ | 44,052 | | | | | $ | 38,167 | | | | | $ | 37,221 | | | | | $ | 36,513(1) | | |
Other revenue
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| | | | 561 | | | | | | 560 | | | | | | 2,344 | | | | | | 2,172 | | | | | | 1,065 | | | | | | 1,054 | | | | | | 939(1) | | |
Net investment income
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| | | | 575 | | | | | | 594 | | | | | | 2,403 | | | | | | 3,293 | | | | | | 1,590 | | | | | | 1,728 | | | | | | 3,240(1) | | |
Net gains (losses) on investments and
derivatives |
| | | | 14 | | | | | | (267) | | | | | | (1,072) | | | | | | 1,084 | | | | | | 1,087 | | | | | | 1,538 | | | | | | (877)(1) | | |
Total revenues
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| | | | 13,786 | | | | | | 12,336 | | | | | | 51,411 | | | | | | 50,601 | | | | | | 41,909 | | | | | | 41,541 | | | | | | 39,815(1) | | |
Benefits, claims and other expenses
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| | | | 14,192 | | | | | | 11,535 | | | | | | 53,241 | | | | | | 44,141 | | | | | | 35,107 | | | | | | 36,098 | | | | | | 37,193(1) | | |
Gain (loss) on disposition of operations
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| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6(1) | | |
Income tax expense
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| | | | (85) | | | | | | 151 | | | | | | (488) | | | | | | 1,292 | | | | | | 1,373 | | | | | | 1,116 | | | | | | 468(1) | | |
Net income (loss) from continuing operations
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| | | | (321) | | | | | | 650 | | | | | | (1,342) | | | | | | 5,174 | | | | | | 5,429 | | | | | | 4,327 | | | | | | 2,160(1) | | |
Net income (loss) from discontinued operations, net of tax
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| | | | — | | | | | | — | | | | | | — | | | | | | (3,593) | | | | | | 147 | | | | | | 520 | | | | | | —(1) | | |
Net income (loss)
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| | | | (321) | | | | | | 650 | | | | | | (1,342) | | | | | | 1,581 | | | | | | 5,576 | | | | | | 4,847 | | | | | | 2,160(1) | | |
Net income (loss) attributable to Allstate
|
| | | | (320) | | | | | | 660 | | | | | | (1,289) | | | | | | 1,614 | | | | | | 5,576 | | | | | | 4,847 | | | | | | 2,160(1) | | |
Net income applicable to common shareholders
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| | | | (346) | | | | | | 634 | | | | | | (1,394) | | | | | | 1,500 | | | | | | 5,461 | | | | | | 4,678 | | | | | | 2,012(1) | | |
Consolidated financial position data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
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| | | $ | 63,475 | | | | | $ | 61,768 | | | | | $ | 61,829 | | | | | $ | 64,701 | | | | | $ | 59,540 | | | | | $ | 88,362(1) | | | | | $ | 81,260(1) | | |
Total assets
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| | | | 99,631 | | | | | | 97,240 | | | | | | 97,989 | | | | | | 99,535 | | | | | | 125,987 | | | | | | 119,950(1) | | | | | | 112,249(1) | | |
Reserve for P&C claim expense, life contract benefits and contractholder funds
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| | | | 40,860 | | | | | | 35,448 | | | | | | 39,742 | | | | | | 35,645 | | | | | | 29,495 | | | | | | 57,704(1) | | | | | | 58,002(1) | | |
Short-term debt
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| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | —(1) | | | | | | —(1) | | |
Long-term debt
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| | | | 8,452 | | | | | | 7,973 | | | | | | 7,964 | | | | | | 7,976 | | | | | | 7,825 | | | | | | 6,631(1) | | | | | | 6,451(1) | | |
Shareholders’ equity
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| | | | 17,494 | | | | | | 23,075 | | | | | | 17,488 | | | | | | 24,944 | | | | | | 30,217 | | | | | | 25,998(1) | | | | | | 21,312(1) | | |
Total Equity
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| | | | 17,373 | | | | | | 23,001 | | | | | | 17,363 | | | | | | 24,892 | | | | | | 30,217 | | | | | | 25,998(1) | | | | | | 21,312(1) | | |
Underwriters
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Number of
Depositary Shares |
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Morgan Stanley & Co. LLC
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BofA Securities, Inc.
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J.P. Morgan Securities LLC
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Loop Capital Markets LLC
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Wells Fargo Securities, LLC
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Total
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Per Depositary Share(1)
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| | | $ | | | |
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Total(2)
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| | | $ | | | |
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