Allstate Corporation (the) · NYSE:ALL
Allstate Corporation (the) — Q4 2024 Earnings Presentation
16 slides from Allstate Corporation (the)'s earnings presentation, Feb 6, 2025
Slide 1: The Allstate Corporation Fourth Quarter 2024 Earnings Presentation
The Allstate Corporation Fourth Quarter 2024 Earnings Presentation 02.06.2025
Slide 2: Forward-looking statements and non-GAAP financial information
Forward-looking statements and non-GAAP financial information This presentation contains forward-looking statements Additional information on factors that could cause results and information. This presentation also contains non- to differ materially from this presentation is available in the GAAP me
Slide 3: Allstate Delivers Excellent Returns While Advancing Strategy
Allstate Delivers Excellent Returns While Advancing Strategy 2024 performance highlights Allstate’s Strategy To Create Shareholder Value ➢ Strong financial results: o Total revenue of $16.5 billion in fourth Increase Personal quarter and $64.1 billion for the full year, Property-Liability Market Sha
Slide 4: Allstate Produced Strong Results and Generated Attractive Returns on Capital
Allstate Produced Strong Results and Generated Attractive Returns on Capital ($ in millions, except per share data and ratios) Three months ended Twelve months ended Full Year Growth in both auto and December 31, December 31, Results homeowners insurance Change from Change from 2024 2024 prior year
Slide 5: Transformative Growth Improves Customer Value and Expands Customer Access
Transformative Growth Improves Customer Value and Expands Customer Access Multi-year initiative to build a low-cost digital insurer with broad distribution Transformative Growth: Key accomplishments: • Reduced adjusted expense ratio* from 27.9 in 2019 to 23.1 in 2024 • Lowered cost structure to impr
Slide 6: Successful Execution of Profit Improvement Plan Generated Strong Underwriting Fourth Quarter Results
Successful Execution of Profit Improvement Plan Generated Strong Underwriting Fourth Quarter Results Underwriting improvement reflects successful execution of the auto profit improvement plan Income highlights (in millions) Q4 Var To PY Property-Liability underwriting income $1,832 $507 ‒ Auto Insur
Slide 7: Auto Profit Improvement Restored Target Margins
Auto Profit Improvement Restored Target Margins Allstate Protection auto profitability 120.0 116.6 Favorable 2024 prior quarter severity 115.0 110.0 development benefited the fourth quarter 110.0 recorded combined ratio by 1.5 points 106.5 107.3 106.8 105.0 102.8 103.2 100.7 100.0 95.4 95.0 94.8 95.
Slide 8: Homeowners Insurance Generates Attractive Returns
Homeowners Insurance Generates Attractive Returns Net written premium growth of 15.3% in the Fourth quarter profitability reflects favorable underlying fourth quarter primarily driven by higher performance partially offset by higher catastrophe losses average premiums and policies in force growth mo
Slide 9: Underwriting, Exposure Management and Robust Reinsurance Program Mitigate Impact of California Wildfire Losses
Underwriting, Exposure Management and Robust Reinsurance Program Mitigate Impact of California Wildfire Losses Allstate California homeowners market share at year-end(1) California wildfire estimated impact Homeowners market share has been reduced by over 50% since 2008 • Includes losses, claims Gro
Slide 10: Auto Policies In Force Below Prior Year; Homeowners Growth Continues
Auto Policies In Force Below Prior Year; Homeowners Growth Continues Auto policies in force decreased Homeowners growth driven by increased as new business growth was more than new business and stable retention offset by lower retention Property-Liability policies in force – Fourth quarter, 2024 Var
Slide 11: Income from Investment Portfolio Increased
Income from Investment Portfolio Increased Market-based benefiting from portfolio growth and Market-based (MB) equity investments higher fixed income yields while Performance-based increased to $3.3B or 5% of the results included broad-based valuation increases portfolio at year-end 2024 Net investm
Slide 12: Protection Plans Is Delivering Profitable Growth
Protection Plans Is Delivering Profitable Growth Revenues increased 20.3% compared to prior year, driven by growth in North America and internationally Protection Plans results Protection Plans performance over past five years ($ in millions) Revenue(1) Three months ended Twelve months ended ($ in m
Slide 13: Employer Voluntary Benefits and Group Health Divestitures Maximize Shareholder Value
Employer Voluntary Benefits and Group Health Divestitures Maximize Shareholder Value Sale agreements – Employer Voluntary Benefits and Group Health businesses Transaction terms ($ in billions) Employer Voluntary Benefits Group Health Total Sale price $2.0 $1.25 $3.25 GAAP gain est. (after-tax)(1) $0
Slide 14: Allstate's Strategy To Create Shareholder Value
Allstate’s Strategy To Create Shareholder Value Increase Personal Property-Liability Market Share Shareholder value creation ➢ Attractive financial returns ➢ Transformative Growth to increase Leveraging Allstate brand, customer Property-Liability market share base and capabilities ➢ Expand protectio
Slide 15: Slide 15
Slide 16: Forward-looking Statements
Forward-looking Statements This presentation contains “forward-looking statements” that anticipate o Business, Strategy and Operations (11) operations in markets that are results based on our estimates, assumptions and plans that are subject to highly competitive; (12) changing consumer preferences;
Allstate Corporation (The) — Q4 2024 Earnings Presentation on 6ix