Allstate 8-K: Financial Condition & Operations Update
Ticker: ALL-PJ · Form: 8-K · Filed: Jan 18, 2024 · CIK: 899051
| Field | Detail |
|---|---|
| Company | Allstate Corp (ALL-PJ) |
| Form Type | 8-K |
| Filed Date | Jan 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, operations, debt, preferred-stock
TL;DR
**Allstate just filed an 8-K updating on its financial condition and operations.**
AI Summary
The Allstate Corporation filed an 8-K on January 18, 2024, to report on its financial condition and results of operations. This filing specifically mentions its Common Stock (par value $.01 per share) traded on the NYSE and CHX, as well as its Subordinated Debentures Due 2053 at 5.10% and Series H, I, and J Preferred Stock. This matters to investors because it provides an update on the company's financial health and the status of its various securities, which can influence stock performance and investor confidence.
Why It Matters
This filing provides a current snapshot of Allstate's financial health, which is crucial for investors to assess the company's stability and future prospects.
Risk Assessment
Risk Level: low — This 8-K is a routine informational filing and does not indicate any immediate or significant new risks.
Analyst Insight
Investors should review the full financial statements and results of operations when they become available to gain a complete understanding of Allstate's current performance and outlook.
Key Numbers
- $.01 — par value per share (Common Stock par value)
- 5.10% — interest rate (Subordinated Debentures Due 2053 interest rate)
- 2053 — maturity year (Subordinated Debentures maturity year)
Key Players & Entities
- THE ALLSTATE CORPORATION (company) — registrant
- January 18, 2024 (date) — date of earliest event reported
- NYSE (company) — stock exchange for Common Stock
- CHX (company) — stock exchange for Common Stock
- Subordinated Debentures Due 2053 (company) — debt instrument
- Series H Preferred Stock (company) — preferred stock series
- Series I Preferred Stock (company) — preferred stock series
- Series J Preferred Stock (company) — preferred stock series
FAQ
What is the purpose of this 8-K filing by The Allstate Corporation?
The purpose of this 8-K filing is to report on the 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as of January 18, 2024.
What types of securities are specifically mentioned in this 8-K filing for Allstate?
The filing specifically mentions Common Stock (par value $.01 per share) traded on the NYSE and CHX, Subordinated Debentures Due 2053 at 5.10%, and Series H, Series I, and Series J Preferred Stock.
What is the par value of Allstate's Common Stock as stated in the filing?
The par value of Allstate's Common Stock is stated as $.01 per share.
On which stock exchanges is Allstate's Common Stock listed according to this filing?
Allstate's Common Stock is listed on the NYSE (New York Stock Exchange) and CHX (Chicago Stock Exchange) according to this filing.
What is the interest rate and maturity year for the Subordinated Debentures mentioned in the filing?
The Subordinated Debentures mentioned in the filing have an interest rate of 5.10% and are due in 2053.
Filing Stats: 553 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-01-18 08:00:43
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ALL New York Stock Exchange C
Filing Documents
- all-20240118.htm (8-K) — 39KB
- exhibit991newsrelease11824.htm (EX-99.1) — 9KB
- exhibit992-implementedra.htm (EX-99.2) — 3KB
- all_linexverxnotagxrgbxposa.jpg (GRAPHIC) — 50KB
- exhibit992-implementedra001.jpg (GRAPHIC) — 116KB
- 0000899051-24-000002.txt ( ) — 484KB
- all-20240118.xsd (EX-101.SCH) — 3KB
- all-20240118_def.xml (EX-101.DEF) — 19KB
- all-20240118_lab.xml (EX-101.LAB) — 37KB
- all-20240118_pre.xml (EX-101.PRE) — 19KB
- all-20240118_htm.xml (XML) — 8KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition The Registrant's press release dated January 18, 2024, announcing fourth quarter 2023 estimated catastrophe losses and prior year reserve reestimates, December 2023 implemented rates, and the Registrant's implemented rate exhibit for December 2023 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
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 The Registrant's press release dated January 18, 2024 99.2 The Registrant's implemented rate exhibit for December 2023 104 Cover Page Interactive Data File (formatted as inline XBRL).
SIGNATURES
SIGNATURES 2 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: January 18, 2024 3