Allstate Corporation (the) · NYSE:ALL
Allstate Corporation (the) — Q1 2026 Earnings Presentation
17 slides from Allstate Corporation (the)'s earnings presentation, Apr 30, 2026
Slide 1: The Allstate Corporation First Quarter 2026 Earnings Presentation
The Allstate Corporation First Quarter 2026 Earnings Presentation 04.30.2026
Slide 2: Forward-looking Statements And Non-GAAP Financial Information
Forward-looking Statements And Non-GAAP Financial Information › This presentation contains forward-looking statements and information. › This presentation also contains non-GAAP measures that are denoted with an asterisk (*). › You can find the reconciliation of those measures to GAAP measures withi
Slide 3: Allstate Had Excellent Operating Results
Allstate Had Excellent Operating Results Allstate’s Strategy To Create Shareholder Value Increase Personal Property-Liability Market Share Performance highlights ➢ Broad set of Property-Liability competitive levers led to strong results − Improved underlying combined ratios Leveraging Allstate brand
Slide 4: Strong Earnings And Increased Growth
Strong Earnings And Increased Growth (In millions, except per share data and ratios) Change from prior Q1 2026 year quarter Total revenues $16,941 3.0% Net investment income $938 9.8% Property-Liability combined ratio 82.0 (15.4 pts) Property-Liability underlying combined ratio* 80.3 (2.8 pts) Polic
Slide 5: Compete Using Broad Capabilities To Create Profitable Growth
Compete Using Broad Capabilities To Create Profitable Growth Competitive levers Affordable Affordable prices and lower expenses prices • Sophisticated pricing $ Lower • SAVE program and improved customer experiences Broad expenses and distribution effective claims New products and expanded benefits
Slide 6: Increasing Auto And Homeowners Insurance Market Share
Increasing Auto And Homeowners Insurance Market Share Auto – increased share in 2025 Homeowners – increased share in 2025 States with increased share as a percentage States with increased share as a percentage of countrywide direct premiums written(1) of countrywide direct premiums written(1) Remain
Slide 7: Auto Insurance Generates Strong Returns While Improving Affordability
Auto Insurance Generates Strong Returns While Improving Affordability Auto underlying combined ratio* and implemented rates(1) Allstate 5-year and 10-year underlying combined ratios* average 95.2 and 93.7 125 15.9% 15.8% 115 7.2% 7.5% 4.0% 2.6% 3.0% 0.5% 103.6 105 1.2% -0.2% 99.9 0.0% 96.6 95 92.3 9
Slide 8: Homeowners Insurance Generates Strong Returns
Homeowners Insurance Generates Strong Returns Homeowners recorded combined ratio and average premiums 2023 catastrophe losses totaled $4.5 billion, representing a 38.6-point impact on the combined ratio 125 Allstate 5-year and 10-year recorded combined ratios average 93.5 and 92.0 11.9% 12.1% 11.4%
Slide 9: Property-Liability Generates Strong Results
Property-Liability Generates Strong Results (In millions, except ratios) First quarter, 2026 Change from prior year quarter Auto Homeowners Property- Auto Homeowners Property- insurance insurance Liability insurance insurance Liability Policies in force 25.8 7.7 38.6 2.6% 2.5% 2.3% Premiums written
Slide 10: Auto Insurance Profitability Improved Faster Than Original Estimates
Auto Insurance Profitability Improved Faster Than Original Estimates Allstate Protection Auto profitability – underlying combined ratio* adjusted to reflect subsequent prior year reserve reestimates 103.6 102.6 99.9 -4.5 93.4 95.4 -3.4 88.1 90.0 87.6 2022 2023 2024 2025 Underlying combined ratio* -
Slide 11: Transformative Growth And Artificial Intelligence Further Enhance Competitive Position
Transformative Growth And Artificial Intelligence Further Enhance Competitive Position Transformative Growth Artificial Intelligence • Aligning distribution expenses with customer value • Improving customer communications • Enhancing claim processes • Reducing billing escalations • Eliminating, outs
Slide 12: Protection Services Continues Profitable Growth
Protection Services Continues Profitable Growth First quarter – 2026 Revenue Adjusted net income In millions % var to PY In millions Allstate Protection Plans Consumer protection plans and related technical support and repair of mobile phones, consumer $613 13.5% $41 electronics, major appliances an
Slide 13: Strong Investment Capabilities Support Increased Capital Allocation
Strong Investment Capabilities Support Increased Capital Allocation Net investment income increased, reflecting portfolio growth and higher fixed income yields Portfolio value and net investment income Portfolio returns ($ in millions) 1,300 $85B Portfolio Returns $74B Carrying 1,100 $69B Performanc
Slide 14: Proactive Capital Management Creates Shareholder Value
Proactive Capital Management Creates Shareholder Value Deployment examples • $3.0 billion of economic capital utilized to support premium growth over the last three years Organic growth • Investment portfolio capital requirements based on enterprise risk and return position Enhancing existing • Tran
Slide 15: Allstate Creates Sustainable Shareholder Value
Allstate Creates Sustainable Shareholder Value Allstate’s Strategy To Create Shareholder Value Increase Personal Property-Liability Market Share Performance highlights ➢ Broad set of Property-Liability competitive levers led to strong results − Improved underlying combined ratios Leveraging Allstate
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Slide 17: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” that anticipate results o Business, Strategy and Operations (12) operations in markets that are based on our estimates, assumptions and plans that are subject to uncertainty. highly competitive; (13) changing consumer
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