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AI brief of an SEC Form 8-K · Allstate (ALL)

Allstate Q1 net income falls 52% to $566 million on record catastrophe losses

Mixed Impact 3 of 5 earnings Written later

Allstate reported first quarter 2025 results on April 30, 2025. Revenue rose 7.8% to $16.5 billion, but net income applicable to common shareholders fell 52.4% to $566 million, driven by a record $3.3 billion of gross catastrophe losses. Shareholders also saw adjusted net income fall to $949 million, or $3.53 per diluted share, from $5.13 a year earlier.

Key points

  • Revenue of $16.5 billion, up 7.8% from the prior year quarter; policies in force rose 6.7% to 211 million
  • Net income applicable to common shareholders of $566 million, or $2.11 per diluted share, versus $1,189 million a year earlier
  • Adjusted net income of $949 million, or $3.53 per diluted share, versus $5.13 a year earlier
  • Employer Voluntary Benefits sale closed April 1, 2025 for $2.0 billion; the sale is expected to generate a book gain of approximately $625 million in the second quarter

The filing

CompanyAllstate (ALL)
Form8-K, current report
Filed with the SECApr 30, 2025, 4:16 PM ET
Accession number0000899051-25-000040

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.