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0000899051falseCommon Stock, par value $.01 per shareALLNYSECommon Stock, par value $.01 per shareALLCHX00008990512024-02-152024-02-150000899051all:SubordinatedDebenturesDue2053At5.10PercentMemberexch:XNYS2024-02-152024-02-150000899051us-gaap:SeriesHPreferredStockMemberexch:XNYS2024-02-152024-02-150000899051all:SeriesIPreferredStockMemberexch:XNYS2024-02-152024-02-150000899051all:SeriesJPreferredStockMemberexch:XNYS2024-02-152024-02-150000899051exch:XNYSus-gaap:CommonStockMember2024-02-152024-02-150000899051exch:XCHIus-gaap:CommonStockMember2024-02-152024-02-15

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported): February 15, 2024
THE ALLSTATE CORPORATION
(Exact name of registrant as specified in its charter)
 
Delaware   1-11840   36-3871531
(State or other
jurisdiction of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)
3100 Sanders Road, Northbrook, Illinois    60062
(Address of principal executive offices)    (Zip Code)
Registrant’s telephone number, including area code  (847) 402-5000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbols Name of each exchange on which registered
Common Stock, par value $0.01 per share ALL New York Stock Exchange
Chicago Stock Exchange
5.100% Fixed-to-Floating Rate Subordinated Debentures due 2053 ALL.PR.B New York Stock Exchange
Depositary Shares represent 1/1,000th of a share of 5.100% Noncumulative Preferred Stock, Series H ALL PR H New York Stock Exchange
Depositary Shares represent 1/1,000th of a share of 4.750% Noncumulative Preferred Stock, Series I ALL PR I New York Stock Exchange
Depositary Shares represent 1/1,000th of a share of 7.375% Noncumulative Preferred Stock, Series J ALL PR J New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


Section 7 - Regulation FD

Item 7.01. Regulation FD Disclosure
 
____ The Registrant’s press release dated February 15, 2024, announcing estimated catastrophe losses and its implemented auto and home rates for January 2024 and the Registrant’s implemented rate exhibit for January 2024 are posted on allstateinvestors.com and are attached hereto as Exhibit 99.1 and 99.2 which are incorporated herein by reference. These exhibits are furnished and not filed, pursuant to Instruction B.2 of Form 8-K.

Section 9 – Financial Statements and Exhibits
 
Item 9.01.                             Financial Statements and Exhibits
 
(d)                             Exhibits
 
Exhibit No.   Description
     
99.1  
99.2
104 Cover Page Interactive Data File (formatted as inline XBRL).




























2

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
  THE ALLSTATE CORPORATION
  (Registrant)
   
   
  By: /s/ John C. Pintozzi  
  Name: John C. Pintozzi
  Title: Senior Vice President, Controller and Chief Accounting Officer
   
     
Date: February 15, 2024    

3
EX-99.1 2 exhibit991newsrelease21524.htm EX-99.1 Document

all_linexverxnotagxrgbxpos.jpg
NEWS
FOR IMMEDIATE RELEASE
Contacts:
    
Al Scott Brent Vandermause
Media Relations Investor Relations
(847) 402-5600 (847) 402-2800

Allstate Announces January 2024 Catastrophe Losses and Implemented Rates

NORTHBROOK, Ill., February 15, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of January of $276 million or $218 million, after-tax.
Estimated January catastrophe losses of $325 million were primarily driven by two events that comprised approximately 80% of the losses, partially offset by favorable reserve reestimates for prior events.
“Allstate continues to pursue rate increases as we execute the auto insurance profit improvement plan and keep pace with loss cost trends. During the month of January, rate increases for Allstate brand auto insurance resulted in a premium impact of 1.4%, which are expected to raise annualized written premiums by approximately $363 million, and rate increases for Allstate brand homeowners insurance have resulted in a premium impact of 0.3%, which are expected to raise annualized written premiums by approximately $40 million. Implemented rate increases and inflation in insured home replacement costs resulted in a 12.1% increase in homeowners insurance average gross written premium in January 2024 compared to the prior year,” said Jess Merten, Chief Financial Officer of The Allstate Corporation. Our implemented rate exhibit for auto and homeowners insurance has been posted on www.allstateinvestors.com.

Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

Forward-Looking Statements
This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “targets” and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” section in our most recent annual report on Form 10-K. Forward-looking statements are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.
# # # #

EX-99.2 3 exhibit992-implementedra.htm EX-99.2 exhibit992-implementedra
Exhibit 99.2 The Allstate Corporation Allstate Protection Impact of Net Rate Changes Implemented on Premiums Written For the month ended January 31, 2024 Quarter-to-date ended January 31, 2024 Number of locations (1) Total brand (%) (2) (3) Location specific (%) (4) Number of locations (1) Total brand (%) (2) (3) Location specific (%) (4) Allstate brand Auto 13 1.4 9.3 13 1.4 9.3 Homeowners (5) 5 0.3 12.3 5 0.3 12.3 National General Auto 11 1.4 5.2 11 1.4 5.2 Homeowners (5) 4 0.6 11.4 4 0.6 11.4 Three months ended December 31, 2023 Three months ended September 30, 2023 Number of locations (1) Total brand (%) (2) (3) Location specific (%) (4) Number of locations (1) Total brand (%) (2) (3) Location specific (%) (4) Allstate brand Auto 33 6.9 13.5 25 2.0 5.9 Homeowners (5) 20 1.8 9.0 12 2.1 6.5 National General Auto 39 4.0 10.2 33 3.3 6.2 Homeowners (5) 17 4.5 18.5 11 1.2 17.6 (1) Refers to the number of U.S. states, the District of Columbia or Canadian provinces where rate changes have been implemented. Allstate brand operates in 50 states, the District of Columbia, and 5 Canadian provinces. National General operates in 50 states and the District of Columbia. (2) Represents the impact in the locations where rate changes were implemented during the period as a percentage of total brand prior year-end premiums written. (3) Allstate brand implemented auto insurance rate increases totaled $363 million in the month ended January 31, 2024, after implementing $1.81 billion and $517 million of rate increases in the fourth quarter of 2023 and third quarter of 2023, respectively. (4) Represents the impact in the locations where rate changes were implemented during the period as a percentage of its respective total prior year-end premiums written in those same locations. (5) Excludes the impact to average premium from inflation in insured home replacement costs and other aging factor adjustments.