Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of computation of basic and diluted earnings per common share


Computation of basic and diluted earnings per common share
(In millions, except per share data)	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Numerator:
Net loss	$	(1,375)	$	(1,022)	$	(1,696)	$	(372)
Less: Net loss attributable to noncontrolling interest	(23)		(9)		(24)		(19)
Net loss attributable to Allstate	(1,352)		(1,013)		(1,672)		(353)
Less: Preferred stock dividends	37		27		63		53


Net loss applicable to common shareholders	$	(1,389)	$	(1,040)	$	(1,735)	$	(406)

Denominator:
Weighted average common shares outstanding	262.6		273.8		263.1		275.9
Effect of dilutive potential common shares (1):
Stock options	—		—		—		—
Restricted stock units (non-participating) and performance stock awards	—		—		—		—
Weighted average common and dilutive potential common shares outstanding	262.6		273.8		263.1		275.9

Earnings per common share - Basic	$	(5.29)	$	(3.80)	$	(6.59)	$	(1.47)
Earnings per common share - Diluted (1)	$	(5.29)	$	(3.80)	$	(6.59)	$	(1.47)

Anti-dilutive options excluded from diluted earnings per common share	3.2		1.3		2.9		1.5
Weighted average dilutive potential common shares excluded due to net loss applicable to common shareholders (1)	1.7		3.2		2.1		3.5

(1)As a result of the net loss reported for the three and six month periods ended June 30, 2023 and 2022, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because all dilutive potential common shares are anti-dilutive and are therefore excluded from the calculation.