Slide 1: Investor Supplement First Quarter 2026
The Allstate Corporation Investor Supplement First Quarter 2026 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 2026 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 Corporate Return on Allstate
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, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Revenues Property and casualty insurance premiums ^ $ 15,553 $ 15,511 $ 15,253 $ 15,041 $ 14,698 A
Slide 4: Contribution to Income
The Allstate Corporation Contribution to Income (In millions, except per share data) Three months ended March 31, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Contribution to income Net income applicable to common shareholders $ 2,428 $ 3,803 $ 3,717 $ 2,079 $ 566 Net (gains) losse
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, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Book value per common share Numerator: Allstate common shareholders' equity (1) $ 29,606 $ 28,609 $ 25,504 $ 22,018
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, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 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, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Policies in force statistics (in thousands) (1) Allstate Protection Auto 25,758 25,504 25,332 25,243 25,100 Homeowners 7,739 7,697 7,642 7,596 7,549 Other personal lines 4,902 4,898 4,
Slide 8: Property-Liability Results
The Allstate Corporation Property-Liability Results ($ in millions, except ratios) Three months ended March 31, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Premiums written $ 14,625 $ 14,572 $ 15,630 $ 15,047 $ 14,297 Premiums earned $ 14,802 $ 14,776 $ 14,533 $ 14,346 $ 14,027 Ot
Slide 9: Allstate Protection Profitability Measures
The Allstate Corporation Allstate Protection Profitability Measures ($ in millions, except ratios) Three months ended March 31, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Premiums written Auto $ 9,850 $ 9,399 $ 9,869 $ 9,533 $ 9,848 Homeowners 3,741 4,110 4,607 4,395 3,453 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, 2026 Three months ended December 31, 2025 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, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Allstate Protection Premiums written $ 9,850 $ 9,399 $ 9,869 $ 9,533 $ 9,848 Premiums earned 9,547 9,622 9,59
Slide 12: Homeowners Profitability Measures and Statistics
The Allstate Corporation Homeowners Profitability Measures and Statistics ($ in millions, except ratios) Three months ended March 31, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Allstate Protection Premiums written $ 3,741 $ 4,110 $ 4,607 $ 4,395 $ 3,453 Premiums earned 4,164 4,05
Slide 13: Protection Services Segment Results
The Allstate Corporation Protection Services Segment Results ($ in millions) Three months ended March 31, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Protection Services Net premiums written $ 727 $ 867 $ 749 $ 733 $ 657 Premiums earned $ 751 $ 735 $ 720 $ 695 $ 671 Other revenue
Slide 14: Corporate Segment Results
The Allstate Corporation Corporate Segment Results ($ in millions) Three months ended March 31, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Other revenue $ 17 $ 19 $ 24 $ 23 $ 15 Net investment income 68 52 49 37 22 Operating costs and expenses (33) (41) (42) (45) (32) Restructuri
Slide 15: Investment Position and Results
The Allstate Corporation Investment Position and Results ($ in millions) As of or for the three months ended March 31, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Investment position Fixed income securities, at fair value $ 59,060 $ 59,115 $ 57,186 $ 54,435 $ 51,993 Equity securit
Slide 16: 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, 2026 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Investment Position Market-based ^ Interest-bearing investments ^ $ 65,014 $ 65,236 $ 66,973 $ 65,060 $ 59
Slide 17: 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 18: 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 19: Glossary
Glossary Consolidated Operations Accident and health insurance premiums and contract charges include premiums for individual health, employer voluntary benefits through March 31, 2025 and group health through June 30, 2025. Adjusted net income is the GAAP segment measure used for the Protection Serv