Slide 1: Investor Supplement Second Quarter 2024
The Allstate Corporation Investor Supplement Second Quarter 2024 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 Repo
Slide 2: Table of Contents
The Allstate Corporation Investor Supplement - Second Quarter 2024 Table of Contents Consolidated Operations Protection Services Condensed Consolidated Statements of Operations 1 Segment Results 11 Contribution to Income 2 Book Value per Common Share and Debt to Capital 3 Allstate Health and Benefit
Slide 3: Condensed Consolidated Statements of Operations
The Allstate Corporation Condensed Consolidated Statements of Operations (In millions, except per share data) Three months ended Six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Revenues Property and casualty insuranc
Slide 4: Contribution to Income
The Allstate Corporation Contribution to Income (In millions, except per share data) Three months ended Six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Contribution to income Net income (loss) applicable to common sh
Slide 5: Book Value per Common Share and Debt to Capital
The Allstate Corporation Book Value per Common Share and Debt to Capital ($ in millions, except per share data) June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 Book value per common share Numerator: Allstate common shareholders' equity (1) $ 16,592 $ 16,638 $ 1
Slide 6: Return on Allstate Common Shareholders' Equity
The Allstate Corporation Return on Allstate Common Shareholders' Equity ($ in millions) As of or for the twelve months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 Return on Allstate common shareholders' equity Numerator: Net income (loss) applicable t
Slide 7: Policies in Force
The Allstate Corporation Policies in Force June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 Policies in force statistics (in thousands) (1) Allstate Protection Auto 25,124 25,207 25,283 25,376 25,520 25,733 Homeowners 7,426 7,364 7,338 7,297 7,268 7,262 Other pe
Slide 8: Property-Liability Results
The Allstate Corporation Property-Liability Results ($ in millions, except ratios) Three months ended Six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Premiums written $ 14,279 $ 13,183 $ 12,640 $ 13,304 $ 12,620 $ 11
Slide 9: Allstate Protection Profitability Measures
The Allstate Corporation Allstate Protection Profitability Measures ($ in millions, except ratios) Three months ended Six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Premiums written Auto $ 9,284 $ 9,357 $ 8,570 $ 8,
Slide 10: Allstate Protection Impact of Net Rate Changes Implemented on Premiums Written
The Allstate Corporation Allstate Protection Impact of Net Rate Changes Implemented on Premiums Written Three months ended June 30, 2024 Three months ended March 31, 2024 Number of locations (1) Total brand (%) (2) (3) Location specific (%) (4) Number of locations Total brand (%) (3) Location specif
Slide 11: Auto Profitability Measures and Statistics
The Allstate Corporation Auto Profitability Measures and Statistics ($ in millions, except ratios) Three months ended Six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Allstate Protection Premiums written $ 9,284 $ 9,3
Slide 12: Homeowners Profitability Measures and Statistics
The Allstate Corporation Homeowners Profitability Measures and Statistics ($ in millions, except ratios) Three months ended Six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Allstate Protection Premiums written $ 3,845
Slide 13: Protection Services Segment Results
The Allstate Corporation Protection Services Segment Results ($ in millions) Three months ended Six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Protection Services Net premiums written $ 676 $ 627 $ 728 $ 658 $ 658 $
Slide 14: Allstate Health and Benefits Segment Results and Other Statistics
The Allstate Corporation Allstate Health and Benefits Segment Results and Other Statistics ($ in millions) Three months ended Six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Allstate Health and Benefits Accident and
Slide 15: Corporate and Other Segment Results
The Allstate Corporation Corporate and Other Segment Results ($ in millions) Three months ended Six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Other revenue $ 19 $ 20 $ 20 $ 20 $ 23 $ 23 $ 39 $ 46 Net investment inc
Slide 16: Investment Position and Results
The Allstate Corporation Investment Position and Results ($ in millions) As of or for the three months ended As of or for the six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Investment position Fixed income securitie
Slide 17: Investment Position and Results by Strategy
The Allstate Corporation Investment Position and Results by Strategy ($ in millions) As of or for the three months ended As of or for the six months ended June 30, 2024 March 31, 2024 Dec. 31, 2023 Sept. 30, 2023 June 30, 2023 March 31, 2023 June 30, 2024 June 30, 2023 Investment Position Market-bas
Slide 18: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures We believe that investors’ understanding of Allstate’s performance is enhanced by our disclosure of the following non-GAAP measures. Our methods for calculating these measures may differ from those used by other companies and therefore comparability may be limited. A
Slide 19: Definitions of Non-GAAP Measures (continued)
Definitions of Non-GAAP Measures (continued) Adjusted underwriting expense ratio is a non-GAAP ratio, which is computed as the difference between the expense ratio and the effect of advertising expense, restructuring and related charges and amortization or impairment of purchased intangibles on the
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