Slide 1: Investor Supplement Third Quarter 2021
Investor Supplement Third Quarter 2021 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 Quarte
Slide 2: Table of Contents
Condensed Consolidated Statements of Operations 1 Segment Results 10 Contribution to Income 2 Book Value per Common Share and Debt to Capital 3 Segment Results and Other Statistics 11 Return on Allstate Common Shareholders' Equity 4 Policies in Force 5 Segment Results 12 Results 6 Investment Positio
Slide 3: Condensed Consolidated Statements of Operations
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 $ 10,615 $ 10,444 $ 10,307 $ 9,279 $ 9,336 $ 9,223 $ 9,235 $ 31,366 $ 27,794 460 447 455 262 287 263 282 1,362 832 536 494 555 271 272 257 265 1,585 794 764 974 708 660
Slide 4: Contribution to Income
($ in millions, except per share data) Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 Contribution to income Net income (loss) applicable to common shareholders $ 508 $ 1,595 $ (1,408) $ 2,598 $ 1,126 $ 1,224 $ 513
Slide 5: Book Value per Common Share and Debt to Capital
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 $ 24,759 $ 26,037 $ 24,649 $ 28,247 $ 25,293 $ 25,016 $ 22,203 292.6 301.6 304.0 308.7 307.0 315.8 318.7 $ 84.62 $ 86.33 $ 81.08 $ 91.50 $ 82.39 $ 79.21 $ 69.67 $ 24,759 $ 26,037 $ 24,649 $ 28,247 $
Slide 6: Return on Allstate Common Shareholders' Equity
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 3,293$ 3,911$ 3,540$ 5,461$ 4,570$ 4,333$ 3,930$ 25,293$ 25,016$ 22,203$ 23,750$ 23,088$ 22,546$ 21,488$ 24,759 26,037 24,649 28,247 25,293 25,016 22,203 25,026$ 25,527$ 23,426$ 25,999$ 24,191$ 23,7
Slide 7: Policies in Force
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 25,654 25,614 25,453 22,260 22,360 22,451 22,311 7,138 7,111 7,090 6,643 6,634 6,616 6,590 4,848 4,816 4,774 4,530 4,528 4,489 4,460 319 322 325 216 219 221 224 37,959 37,863 37,642 33,649 33,741 33
Slide 8: Property-Liability Results
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 $ 10,966 $ 10,323 $ 9,768 $ 8,609 $ 9,395 $ 9,172 $ 8,592 $ 31,057 $ 27,159 (672) (312) (280) 244 (470) (349) 370 (1,264) (449) (135) (2) 408 31 27 40 (81) 271 (14) 10,
Slide 9: Allstate Protection Results
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 7,171$ 6,818$ 7,012$ 5,886$ 6,326$ 6,190$ 6,209$ 21,001$ 18,725$ 3,004 2,722 2,083 2,045 2,339 2,284 1,732 7,809 6,355 584 579 476 465 542 528 430 1,639 1,500 207 204 1
Slide 10: Allstate Protection Profitability Measures
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 7,171$ 6,818$ 7,012$ 5,886$ 6,326$ 6,190$ 6,209$ 21,001$ 18,725$ 6,912$ 6,883$ 6,809$ 6,103$ 6,210$ 6,172$ 6,155$ 20,604$ 18,537$ (159)$ 394$ 1,327$ 883$ 906$ 998$ 657$
Slide 11: Auto Profitability Measures
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 3,004$ 2,722$ 2,083$ 2,045$ 2,339$ 2,284$ 1,732$ 7,809$ 6,355$ 2,522$ 2,411$ 2,392$ 2,090$ 2,073$ 2,054$ 2,037$ 7,325$ 6,164$ (277)$ (7)$ 268$ 449$ (67)$ (139)$ 581$ (1
Slide 12: Homeowners Profitability Measures
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 651$ 692$ 583$ 559$ 485$ 467$ 379$ 1,926$ 1,331$ 456$ 435$ 411$ 395$ 384$ 360$ 354$ 1,302$ 1,098$ 85 88 90 53 52 51 52 263 155 46 46 41 38 36 35 38 133 109 10 12 10 11
Slide 13: Allstate Health and Benefits Segment Results
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 436$ 421$ 428$ 235$ 247$ 237$ 253$ 1,285$ 737$ 24 26 27 27 40 26 29 77 95 85 83 80 - - - - 248 - 18 19 19 20 18 20 20 56 58 (269) (244) (233) (124) (128) (123) (141) (7
Slide 14: Corporate and Other Segment Results
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 1$ 2$ -$ -$ -$ -$ -$ 3$ -$ 26 12 6 10 12 11 14 44 37 (41) (28) (32) (37) (23) (25) (25) (101) (73) (1) - (10) (1) (11) - - (11) (11) (69) (91) (86) (80) (78) (79) (81)
Slide 15: Investment Position and Results
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 39,989$ 42,825$ 40,594$ 42,565$ 43,683$ 42,034$ 38,447$ 39,989$ 43,683$ 3,807 3,059 3,154 3,168 2,977 2,638 2,331 3,807 2,977 752 786 902 746 788 805 766 752 788 7,578
Slide 16: Investment Position and Results by Strategy
Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Sept. 30, 2021 Sept. 30, 2020 49,386$ 51,367$ 49,422$ 50,975$ 48,581$ 48,062$ 44,762$ 49,386$ 48,581$ 3,455 2,676 2,787 2,884 2,732 2,395 2,095 3,455 2,732 486 317 298 257 215 180 162 486 215 53,327
Slide 17: Definitions of Non-GAAP Measures
• Realized capital gains and losses except for periodic settlements and accruals on non-hedge derivative instruments, which are reported with realized capital gains and losses but included in adjusted net income • Pension and other postretirement remeasurement gains and losses • Business combination
Slide 18: 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 19: 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 accident and health products. Adjusted net income is the GAAP segment measure use