The Allstate Corporation announced preliminary results for the fourth quarter, with an estimated net loss between $285M and $335M and estimated adjusted net loss between $335M and $385M. Property-Liability Premiums. Net investment income in the fourth quarter of 2022 is estimated at $557M, including performance-based investment income estimated at $147M. Total return on the $61.8 billion portfolio was 2.5% in the fourth quarter of 2022 and (4.0)% for the year ended December 31 and compares favorably to full year 2022 performance of the S&P 500 of (18.1)% and the Bloomberg Intermediate Bond return of (9.4)%.
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