Slide 1: Investor Supplement Second Quarter 2022
Investor Supplement Second Quarter 2022 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 13 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 14 Policies in Force 5 Segment Results 15 Results 6 Profitability Meas
Slide 3: Condensed Consolidated Statements of Operations
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 11,362$ 10,981$ 10,852$ 10,615$ 10,444$ 10,307$ 22,343$ 20,751$ 466 469 459 460 447 455 935 902 563 560 587 536 494 555 1,123 1,049 562 594 847 764 974 708 1,156 1,682 (733) (267) 266 1
Slide 4: Contribution to Income
($ in millions, except per share data) June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 Contribution to income (1,042)$ 630$ 790$ 508$ 1,595$ (1,408)$ (412)$ 187$ Net (gains) losses on investments and derivatives 733 267 (266) (105) (
Slide 5: Book Value per Common Share and Debt to Capital
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 $ 18,145 $ 21,242 $ 23,209 $ 24,759 $ 26,037 $ 24,649 274.3 279.7 284.7 292.6 301.6 304.0 $ 66.15 $ 75.95 $ 81.52 $ 84.62 $ 86.33 $ 81.08 $ 18,145 $ 21,242 $ 23,209 $ 24,759 $ 26,037 $ 24,649 (2,141) (995) 601 1,8
Slide 6: Return on Allstate Common Shareholders' Equity
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 886$ 3,523$ 1,485$ 3,293$ 3,911$ 3,540$ 26,037$ 24,649$ 28,247$ 25,293$ 25,016$ 22,203$ 18,145 21,242 23,209 24,759 26,037 24,649 22,091$ 22,946$ 25,728$ 25,026$ 25,527$ 23,426$ 4.0 % 15.4 % 5.8 % 13.2 % 15.3 % 15
Slide 7: Policies in Force
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 26,192 26,071 25,916 25,654 25,614 25,453 7,197 7,165 7,159 7,138 7,111 7,090 4,919 4,894 4,866 4,848 4,816 4,774 311 312 315 319 322 325 38,619 38,442 38,256 37,959 37,863 37,642 21,979 21,968 21,972 21,951 21,92
Slide 8: Property-Liability Results
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 11,509$ 10,761$ 10,301$ 10,966$ 10,323$ 9,768$ 22,270$ 20,091$ (599) (258) 121 (672) (312) (280) (857) (592) (36) (5) (32) (135) (2) 408 (41) 406 10,874 10,498 10,390 10,159 10,009 9,89
Slide 9: Allstate Protection Results
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 7,470$ 7,562$ 6,864$ 7,171$ 6,818$ 7,012$ 15,032$ 13,830$ 3,133 2,401 2,680 3,004 2,722 2,083 5,534 4,805 609 504 517 584 579 476 1,113 1,055 297 294 240 207 204 197 591 401 11,509$ 10,
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 (%) 30 2.5 8.7 28 3.6 9.3 13 0.7 5.4 17 1.4 4.8 19 2.7 6.0 24 1.9 4.6 10 0.7 6.5 4 1.2 8.3 Number of locations Total brand (%) Location specific (%) Number of locations
Slide 11: Auto Profitability Measures
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 7,470$ 7,562$ 6,864$ 7,171$ 6,818$ 7,012$ 15,032$ 13,830$ 7,348 7,081 7,019 6,912 6,883 6,809 14,429 13,692 (578) (147) (300) (159) 394 1,327 (725) 1,721 84.9 77.6 78.9 76.9 68.7 57.2 8
Slide 12: Auto Statistics
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 959 964 829 932 926 929 1,923 1,855 672 718 504 516 495 542 1,390 1,037 Total 1,631 1,682 1,333 1,448 1,421 1,471 3,313 2,892 619 599 544 610 620 613 1,218 1,233 571 631 436 447 435 455
Slide 13: Allstate Brand Auto State Profitability
Number of States(2) Total brand premium (%) Location specific (%) (3) Number of States Total brand premium (%) Location specific (%) 17 15.0 10.8 28 26.8 5.8 11 21.6 8.8 8 10.7 10.0 23 63.4 8.6 15 62.5 10.9 Number of States Total brand premium (%) Location specific (%) Number of States Total brand p
Slide 14: Homeowners Profitability Measures
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 3,133$ 2,401$ 2,680$ 3,004$ 2,722$ 2,083$ 5,534$ 4,805$ 2,686 2,603 2,602 2,522 2,411 2,392 5,289 4,803 (186) 410 335 (277) (7) 268 224 261 82.3 60.4 61.7 85.9 76.3 64.9 71.6 70.6 (34.3
Slide 15: Protection Services Segment Results
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 670$ 630$ 716$ 651$ 692$ 583$ 1,300$ 1,275$ 488$ 483$ 462$ 456$ 435$ 411$ 971$ 846$ 91 94 91 85 88 90 185 178 38 41 42 46 46 41 79 87 12 9 11 10 12 10 21 22 (128) (123) (124) (122) (109
Slide 16: Allstate Health and Benefits Segment Results and Other Statistics
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 437$ 438$ 429$ 436$ 421$ 428$ 875$ 849$ 29 31 30 24 26 27 60 53 92 95 111 85 83 80 187 163 16 17 18 18 19 19 33 38 (269) (269) (278) (277) (252) (242) (538) (494) (36) (43) (43) (30) (3
Slide 17: Corporate and Other Segment Results
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 25$ 24$ 19$ 1$ 2$ -$ 49$ 2$ 28 10 14 26 12 6 38 18 (75) (59) (57) (41) (28) (32) (134) (60) (1) - 9 (1) - (10) (1) (10) (83) (83) (83) (69) (91) (86) (166) (177) 26 23 22 19 23 26 49 49
Slide 18: Investment Position and Results
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 41,282$ 40,745$ 42,136$ 39,989$ 42,825$ 40,594$ 41,282$ 42,825$ 4,681 5,315 7,061 3,807 3,059 3,154 4,681 3,059 848 855 821 752 786 902 848 786 7,943 7,977 8,018 7,578 7,073 6,367 7,943
Slide 19: Investment Position and Results by Strategy
June 30, 2022 March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 June 30, 2022 June 30, 2021 47,457$ 47,480$ 48,589$ 49,386$ 51,367$ 49,422$ 47,457$ 51,367$ 4,259 4,915 6,689 3,455 2,676 2,787 4,259 2,676 485 548 805 486 317 298 485 317 52,201$ 52,943$ 56,083$ 53,327$ 54,360$ 5
Slide 20: Definitions of Non-GAAP Measures
• Net gains and losses on investments and derivatives • Pension and other postretirement remeasurement gains and losses • Business combination expenses and the amortization or impairment of purchased intangibles • Income or loss from discontinued operations • Gain or loss on disposition of operation
Slide 21: 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 22: 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