The Allstate Corporation provided earnings guidance for the fourth quarter of 2022. The company announced preliminary results for the fourth quarter of 2022, with an estimated net loss between $285 million and $335 million. Net investment income in the fourth quarter of 2022 is estimated at $557 million, including performance-based investment income estimated at $147 million.

Net gains on investments and derivatives for the fourth quarter of 2022 are estimated to be $95 million, primarily due to increased valuation on equity investments, which is partially offset by losses on sales of fixed income securities.