Slide 1: Investor Supplement First Quarter 2025
The Allstate Corporation Investor Supplement First Quarter 2025 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 Repor
Slide 2: Table of Contents
The Allstate Corporation Investor Supplement - First Quarter 2025 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 Benefits
Slide 3: Condensed Consolidated Statements of Operations
The Allstate Corporation Condensed Consolidated Statements of Operations (In millions, except per share data) Three months ended March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Revenues Property and casualty insurance premiums ^ $ 14,698 $ 14,591 $ 14,333 $ 13,952 $ 13,512 A
Slide 4: Contribution to Income
The Allstate Corporation Contribution to Income (In millions, except per share data) Three months ended March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Contribution to income Net income applicable to common shareholders $ 566 $ 1,899 $ 1,161 $ 301 $ 1,189 Net (gains) losses
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) March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Book value per common share Numerator: Allstate common shareholders' equity (1) $ 20,054 $ 19,441 $ 18,876 $ 16,592
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 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Return on Allstate common shareholders' equity Numerator: Net income applicable to common shareholders
Slide 7: Policies in Force
The Allstate Corporation Policies in Force March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Policies in force statistics (in thousands) (1) Allstate Protection Auto 25,100 24,936 24,998 25,124 25,207 Homeowners 7,549 7,511 7,483 7,426 7,364 Other personal lines 4,874 4,870 4,
Slide 8: Property-Liability Results
The Allstate Corporation Property-Liability Results ($ in millions, except ratios) Three months ended March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Premiums written $ 14,297 $ 13,757 $ 14,707 $ 14,279 $ 13,183 (Increase) decrease in unearned premiums (272) 267 (1,075) (921
Slide 9: Allstate Protection Profitability Measures
The Allstate Corporation Allstate Protection Profitability Measures ($ in millions, except ratios) Three months ended March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Premiums written Auto $ 9,848 $ 9,116 $ 9,539 $ 9,284 $ 9,357 Homeowners 3,453 3,624 4,073 3,845 2,874 Other
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 March 31, 2025 Three months ended December 31, 2024 Number of locations (1) Total (%) (2) (3) Location specific (%) (4) Number of locations Total (%) (3) Location specific (%) A
Slide 11: Auto Profitability Measures and Statistics
The Allstate Corporation Auto Profitability Measures and Statistics ($ in millions, except ratios) Three months ended March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Allstate Protection Premiums written $ 9,848 $ 9,116 $ 9,539 $ 9,284 $ 9,357 Net premiums earned 9,347 9,348
Slide 12: Homeowners Profitability Measures and Statistics
The Allstate Corporation Homeowners Profitability Measures and Statistics ($ in millions, except ratios) Three months ended March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Allstate Protection Premiums written $ 3,453 $ 3,624 $ 4,073 $ 3,845 $ 2,874 Net premiums earned 3,657
Slide 13: Protection Services Segment Results
The Allstate Corporation Protection Services Segment Results ($ in millions) Three months ended March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Protection Services Net premiums written $ 657 $ 816 $ 678 $ 676 $ 627 Premiums earned $ 671 $ 658 $ 639 $ 613 $ 612 Other revenue
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 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Allstate Health and Benefits Accident and health insurance premiums and contract charges $ 487 $ 482
Slide 15: Corporate and Other Segment Results
The Allstate Corporation Corporate and Other Segment Results ($ in millions) Three months ended March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Other revenue $ 15 $ 16 $ 17 $ 19 $ 20 Net investment income 22 24 25 21 18 Operating costs and expenses (32) (35) (39) (47) (42) R
Slide 16: Investment Position and Results
The Allstate Corporation Investment Position and Results ($ in millions) As of or for the three months ended March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Investment position Fixed income securities, at fair value $ 51,993 $ 52,747 $ 53,961 $ 52,576 $ 50,777 Equity securit
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 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Investment Position Market-based ^ Interest-bearing investments ^ $ 59,411 $ 58,068 $ 61,747 $ 58,781 $ 56
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