Slide 1: Investor Supplement Fourth Quarter 2021
Investor Supplement Fourth 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 Quart
Slide 2: Table of Contents
Condensed Consolidated Statements of Operations 1 Segment Results and Other Statistics 12 Contribution to Income 2 Book Value per Common Share and Debt to Capital 3 Return on Allstate Common Shareholders' Equity 4 Segment Results 13 Policies in Force 5 Investment Position and Results 14 Results 6 In
Slide 3: Condensed Consolidated Statements of Operations
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 10,852 $ 10,615 $ 10,444 $ 10,307 $ 9,279 $ 9,336 $ 9,223 $ 9,235 $ 42,218 $ 37,073 459 460 447 455 262 287 263 282 1,821 1,094 587 536 494 555 271 272 25
Slide 4: Contribution to Income
($ in millions, except per share data) Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 Contribution to income Net income (loss) applicable to common shareholders $ 790 $ 508 $ 1,595 $ (1,408) $ 2,598 $ 1,
Slide 5: Book Value per Common Share and Debt to Capital
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 $ 23,209 $ 24,759 $ 26,037 $ 24,649 $ 28,247 $ 25,293 $ 25,016 $ 22,203 284.7 292.6 301.6 304.0 308.7 307.0 315.8 318.7 $ 81.52 $ 84.62 $ 86.33 $ 81.08 $ 91.50 $ 82.39 $ 79.21 $ 69.67
Slide 6: Return on Allstate Common Shareholders' Equity
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 $ 1,485 $ 3,293 $ 3,911 $ 3,540 $ 5,461 $ 4,570 $ 4,333 $ 3,930 $ 28,247 $ 25,293 $ 25,016 $ 22,203 $ 23,750 $ 23,088 $ 22,546 $ 21,488 23,209 24,759 26,037 24,649 28,247 25,293 25,016
Slide 7: Policies in Force
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 25,916 25,654 25,614 25,453 22,260 22,360 22,451 22,311 7,159 7,138 7,111 7,090 6,643 6,634 6,616 6,590 4,866 4,848 4,816 4,774 4,530 4,528 4,489 4,460 315 319 322 325 216 219 221 224
Slide 8: Property-Liability Results
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 10,301 $ 10,966 $ 10,323 $ 9,768 $ 8,609 $ 9,395 $ 9,172 $ 8,592 $ 41,358 $ 35,768 Decrease (increase) in unearned premiums 121 (672) (312) (280) 244 (470
Slide 9: Allstate Protection Results
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 6,864 $ 7,171 $ 6,818 $ 7,012 $ 5,886 $ 6,326 $ 6,190 $ 6,209 $ 27,865 $ 24,611 2,680 3,004 2,722 2,083 2,045 2,339 2,284 1,732 10,489 8,400 517 584 579 4
Slide 10: Impact of Net Rate Changes Implemented on Premiums Written
Number of locations (1) Total brand (%) (2) Location specific (%) (3) Number of locations Total brand (%) Location specific (%) 25 2.9 7.1 20 0.3 2.1 11 1.0 6.7 10 0.3 4.2 22 2.4 5.7 13 2.5 5.6 13 1.0 7.1 8 1.1 6.2 Number of locations Total brand (%) Location specific (%) Number of locations Total b
Slide 11: Allstate Protection Profitability Measures
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 6,864 $ 7,171 $ 6,818 $ 7,012 $ 5,886 $ 6,326 $ 6,190 $ 6,209 $ 27,865 $ 24,611 7,019 6,912 6,883 6,809 6,103 6,210 6,172 6,155 27,623 24,640 (300) (159)
Slide 12: Auto Profitability Measures
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 2,680 $ 3,004 $ 2,722 $ 2,083 $ 2,045 $ 2,339 $ 2,284 $ 1,732 $ 10,489 $ 8,400 2,602 2,522 2,411 2,392 2,090 2,073 2,054 2,037 9,927 8,254 335 (277) (7) 2
Slide 13: Protection Services Segment Results
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 716 $ 651 $ 692 $ 583 $ 559 $ 485 $ 467 $ 379 $ 2,642 $ 1,890 $ 462 $ 456 $ 435 $ 411 $ 395 $ 384 $ 360 $ 354 $ 1,764 $ 1,493 91 85 88 90 53 52 51 52 354
Slide 14: Allstate Health and Benefits Segment Results
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 429 $ 436 $ 421 $ 428 $ 235 $ 247 $ 237 $ 253 $ 1,714 $ 972 30 24 26 27 27 40 26 29 107 122 111 85 83 80 - - - - 359 - 18 18 19 19 20 18 20 20 74 78 (269)
Slide 15: Corporate and Other Segment Results
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 19 $ 1 $ 2 $ - $ - $ - $ - $ - $ 22 $ - 14 26 12 6 10 12 11 14 58 47 (57) (41) (28) (32) (37) (23) (25) (25) (158) (110) 9 (1) - (10) (1) (11) - - (2) (12
Slide 16: Investment Position and Results
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 42,136 $ 39,989 $ 42,825 $ 40,594 $ 42,565 $ 43,683 $ 42,034 $ 38,447 $ 42,136 $ 42,565 7,061 3,807 3,059 3,154 3,168 2,977 2,638 2,331 7,061 3,168 821 75
Slide 17: Investment Position and Results by Strategy
Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Dec. 31, 2020 Sept. 30, 2020 June 30, 2020 March 31, 2020 Dec. 31, 2021 Dec. 31, 2020 $ 48,589 $ 49,386 $ 51,367 $ 49,422 $ 50,975 $ 48,581 $ 48,062 $ 44,762 $ 48,589 $ 50,975 6,689 3,455 2,676 2,787 2,884 2,732 2,395 2,095 6,689 2,884 805 48
Slide 18: Definitions of Non-GAAP Measures
• Net gains and losses on investments and derivatives except for periodic settlements and accruals on non-hedge derivative instruments, which are reported with net gains and losses on investments and derivatives but included in adjusted net income • Pension and other postretirement remeasurement gai
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