Slide 1: Investor Supplement Second Quarter 2023
Investor Supplement Second Quarter 2023 The condensed consolidated financial statements and financial exhibits included herein are unaudited and should be read in conjunction with the consolidated financial statements and notes thereto included in the most recent Annual Report on Form 10-K and Quart
Slide 2: Table of Contents
Condensed Consolidated Statements of Operations 1 Segment Results 11 Contribution to Income 2 Book Value per Common Share and Debt to Capital 3 Return on Allstate Common Shareholders' Equity 4 Segment Results and Other Statistics 12 Policies in Force 5 Segment Results 13 Results 6 Profitability Meas
Slide 3: Condensed Consolidated Statements of Operations
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 12,470$ 12,173$ 11,900$ 11,661$ 11,362$ 10,981$ 24,643$ 22,343$ 453 463 436 463 465 468 916 933 597 561 660 561 563 560 1,158 1,123 610 575 557 690 562 594 1,185 1,156 (151) 14 95 (167)
Slide 4: Contribution to Income
(In millions, except per share data) June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 Contribution to income (1,389)$ (346)$ (303)$ (685)$ (1,040)$ 634$ (1,735)$ (406)$ Net (gains) losses on investments and derivatives 151 (14) (95) 1
Slide 5: Book Value per Common Share and Debt to Capital
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 13,516$ 15,524$ 15,518$ 15,713$ 18,094$ 21,105$ 263.5 264.7 267.0 269.1 274.3 279.7 51.29$ 58.65$ 58.12$ 58.39$ 65.96$ 75.46$ 13,516$ 15,524$ 15,518$ 15,713$ 18,094$ 21,105$ (1,843) (1,575) (2,254) (2,933) (2,143)
Slide 6: Return on Allstate Common Shareholders' Equity
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 (2,723)$ (2,374)$ (1,394)$ (294)$ 913$ 3,545$ 18,094$ 21,105$ 22,974$ 24,515$ 25,774$ 24,421$ 13,516 15,524 15,518 15,713 18,094 21,105 15,805$ 18,315$ 19,246$ 20,114$ 21,934$ 22,763$ (17.2) % (13.0) % (7.2) % (1.
Slide 7: Policies in Force
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 25,520 25,733 26,034 26,131 26,192 26,071 7,268 7,262 7,260 7,237 7,197 7,165 4,890 4,913 4,936 4,930 4,919 4,894 307 307 311 310 311 312 37,985 38,215 38,541 38,608 38,619 38,442 20,821 21,142 21,658 21,853 21,97
Slide 8: Property-Liability Results
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 12,620$ 11,783$ 11,480$ 12,037$ 11,509$ 10,761$ 24,403$ 22,270$ (753) (127) (67) (852) (599) (258) (880) (857) 54 (21) (33) (28) (36) (5) 33 (41) 11,921 11,635 11,380 11,157 10,874 10,4
Slide 9: Allstate Protection Results
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 8,269$ 8,349$ 7,774$ 7,860$ 7,470$ 7,562$ 16,618$ 15,032$ 3,381 2,534 2,775 3,145 3,008 2,281 5,915 5,289 675 548 530 606 609 504 1,223 1,113 200 227 248 285 297 294 427 591 95 125 153
Slide 10: Impact of Net Rate Changes Implemented on Premiums Written
Number of locations (1) Total brand (%) (2) (3) Location specific (%) (4) Number of locations Total brand (%) (3) Location specific (%) 34 5.8 10.0 28 1.7 8.4 20 2.5 12.3 18 4.9 13.7 27 3.6 13.9 28 1.9 5.6 10 3.8 23.5 7 1.5 12.2 Number of locations Total brand (%) (3) Location specific (%) Number of
Slide 11: Auto Profitability Measures and Statistics
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 8,269$ 8,349$ 7,774$ 7,860$ 7,470$ 7,562$ 16,618$ 15,032$ 8,121 7,908 7,741 7,545 7,348 7,081 16,029 14,429 (678) (346) (974) (1,315) (578) (147) (1,024) (725) 87.9 83.4 90.6 95.3 84.9
Slide 12: Homeowners Profitability Measures and Statistics
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 3,381$ 2,534$ 2,775$ 3,145$ 3,008$ 2,281$ 5,915$ 5,289$ 2,883 2,810 2,720 2,642 2,566 2,490 5,693 5,056 (1,307) (534) 197 266 (192) 400 (1,841) 208 125.0 98.5 70.4 67.4 84.5 61.8 111.9
Slide 13: Protection Services Segment Results
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 658$ 619$ 742$ 657$ 670$ 630$ 1,277$ 1,300$ 549$ 538$ 520$ 504$ 488$ 483$ 1,087$ 971$ 84 84 78 84 91 94 168 185 35 33 31 39 38 41 68 79 18 16 14 13 12 9 34 21 (153) (153) (140) (141) (1
Slide 14: Allstate Health and Benefits Segment Results and Other Statistics
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 453$ 463$ 436$ 463$ 465$ 468$ 916$ 933$ 101 101 125 90 92 95 202 187 21 19 19 17 16 17 40 33 (258) (265) (257) (252) (265) (268) (523) (533) (34) (41) (29) (33) (35) (39) (75) (74) (210
Slide 15: Corporate and Other Segment Results
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 23$ 23$ 23$ (2) 23$ 25$ 24$ 46$ 49$ 27 31 30 28 28 10 58 38 (45) (1) (48) (63) (65) (75) (59) (93) (1) (134) (1) (1) (2) - (1) - (2) (1) (98) (86) (86) (83) (83) (83) (184) (166) 20 18
Slide 16: Investment Position and Results
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 45,550$ 44,103$ 42,485$ 41,715$ 41,282$ 40,745$ 45,550$ 41,282$ 2,290 2,174 4,567 4,723 4,681 5,315 2,290 4,681 823 781 762 833 848 855 823 848 8,150 7,971 8,114 7,907 7,943 7,977 8,150
Slide 17: Investment Position and Results by Strategy
June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 June 30, 2023 June 30, 2022 52,191$ 52,337$ 48,114$ 47,364$ 47,457$ 47,480$ 52,191$ 47,457$ 1,850 1,765 4,112 4,283 4,259 4,915 1,850 4,259 201 214 519 469 485 548 201 485 54,242$ 54,316$ 52,745$ 52,116$ 52,201$ 5
Slide 18: Definitions of Non-GAAP Measures
• Net gains and losses on investments and derivatives • Pension and other postretirement remeasurement gains and losses • Amortization or impairment of purchased intangibles • Gain or loss on disposition • Adjustments for other significant non-recurring, infrequent or unusual items, when (a) the nat
Slide 19: Definitions of Non-GAAP Measures (continued)
Definitions of Non-GAAP Measures (continued) Protection Services adjusted earnings before taxes, depreciation and restructuring, is a non-GAAP measure, which is computed as adjusted net income (loss), excluding taxes, depreciation and restructuring. Adjusted net income (loss) is the GAAP measure tha
Slide 20: Glossary
Glossary Consolidated Operations Accident and health insurance premiums and contract charges are reported in the Allstate Health and Benefits segment and include employer voluntary benefits, group health and individual health products. Adjusted net income is the GAAP segment measure used for the Pro