Allstate Corporation (the) · NYSE:ALL
Allstate Corporation (the) — Investor Presentation (September 2022)
17 slides from Allstate Corporation (the)'s investor presentation, Sep 1, 2022
Slide 1: Special Topic Investor Call: Proactive Investment Portfolio Management
09.01.2022 The Allstate Corporation Special Topic Investor Call Proactive Investment Portfolio Management
Slide 2: Forward-looking Statements and Non-GAAP Financial Information
The Allstate Corporation 2022 PAGE 1 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 mea
Slide 3: Allstate's Strategy Will Increase Shareholder Value
The Allstate Corporation 2022 PAGE 2 • Achieve Target Economic Returns on Capital • Transformative Growth • Expand Protection Offerings • Proactively Manage Investments • Build Long-term Growth Platforms Increase Personal Property-Liability Market Share Expand Protection Services Allstate’s Strategy
Slide 4: Investment Results Are a Significant Contributor to Enterprise Value
The Allstate Corporation 2022 PAGE 3 Investment Results Are a Significant Contributor to Enterprise Value Strong capital position and risk diversification enable proactive investment management • Investment of corporate capital and insurance reserves generates investment income and capital appreciat
Slide 5: Allstate Investments Includes Deep Industry Expertise Across Asset Classes
The Allstate Corporation 2022 PAGE 4 Public Assets Stable income & cash flows. Provides liquidity and opportunity to add value through active management Allstate Investments Includes Deep Industry Expertise Across Asset Classes Investment Strategy Private Assets Attractive risk-adjusted returns, ill
Slide 6: Allstate's Investment Strategy and Execution Contributes Significantly to Shareholder Value Creation
The Allstate Corporation 2022 PAGE 5 7.6 3.5 $11.1 $10.2 $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 Allstate’s Investment Strategy and Execution Contributes Significantly to Shareholder Value Creation Allstate Corporation - Value contributions (in billions, after-tax) (1) Insurance Reserves includes reser
Slide 7: Fixed Income Investments are Highly Diversified, Liquid and Actively Managed
The Allstate Corporation 2022 PAGE 6 • Deep credit research capabilities have created value by informing individual asset selection decisions • Active management of the fixed income portfolio across risk and return opportunities also generates value relative to a static allocation 6.0 25.0 10.3 2.8
Slide 8: Performance-based Investments Provide Superior Risk Adjusted Returns
The Allstate Corporation 2022 PAGE 7 Performance-based investment details 2.8 5.0 5.3 1.3 1.5 1.5 0.9 1.4 1.5 0.4 0.7 0.6 $5.4 $8.6 $8.9 2020 2021 Q2 2022 Private Equity Real Estate Infrastructure & Energy Agriculture & Timber Performance-based Investments Provide Superior Risk Adjusted Returns Perf
Slide 9: Significant Value Is Created Through Asset Allocation and Individual Asset Selection
The Allstate Corporation 2022 PAGE 8 Significant Value Is Created Through Asset Allocation and Individual Asset Selection • Established as a long-term target allocation across asset classes • Integrated into enterprise economic capital risk and return framework • Optimized based on long-term expecte
Slide 10: Investment and Portfolio Management Decisions Are Based on a Robust Multi-Disciplinary Process
The Allstate Corporation 2022 PAGE 9 v Internal and External forecasts pooled to create aggregate Macro, Fundamental, Technical factors debated Optimization to guide portfolio construction Trades are determined and executed in market Monitor as new market mispricings arise v Investment and Portfolio
Slide 11: Supporting Diversity, Equity and Inclusion Across Financial Markets
The Allstate Corporation 2022 PAGE 10 Supporting Diversity, Equity and Inclusion Across Financial Markets • Promoting a diverse and equitable society is aligned with Allstate’s Shared Purpose and improves business results • Leverage diversity as a competitive advantage through investment and people
Slide 12: Investment Portfolio Risk Profile is Informed Based on Capital Allocation
The Allstate Corporation 2022 PAGE 11 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% T ra v e le rs P ro g re s s iv e H a rt fo rd C h u b b A lls ta te S ta te F a rm G E IC O Investment grade credit Below inv grade credit Public Equity Alternatives / Performance-based Investment Portfolio Risk Profi
Slide 13: Proactively Manage Asset Allocations To Reflect Economic And Market Conditions
The Allstate Corporation 2022 PAGE 12 Proactively Manage Asset Allocations To Reflect Economic And Market Conditions 2,000 2,200 2,400 2,600 2,800 3,000 3,200 3,400 3,600 1,500 2,500 3,500 4,500 5,500 6,500 7,500 12/31/2019 1/31/2020 2/29/2020 3/31/2020 Public Equity Exposure S&P500 (rhs) Average sa
Slide 14: Enterprise Risk and Return Management Impacts Investment Allocations
The Allstate Corporation 2022 PAGE 13 Enterprise Risk and Return Management Impacts Investment Allocations (1) Fixed income duration includes interest rate derivative positions. Corporate bond yield reflects intermediate maturity sourced from Bloomberg Situation (Q4 2021) • Fiscal stimulus and suppl
Slide 15: People, Processes and Relationships Generate Attractive Risk Adjusted Returns
The Allstate Corporation 2022 PAGE 14 • Proprietary dynamic asset allocation process to enhance returns and mitigate losses • Differentiated investment process that combines fundamental research with quantitative tools • A comprehensive risk and return management system utilized from CUSIP to Enterp
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Slide 17: Forward-looking Statements
The Allstate Corporation 2022 PAGE 16 Forward-looking Statements This presentation contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Priva