Slide 1: Investor Supplement Fourth Quarter 2025
The Allstate Corporation Investor Supplement Fourth 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 Repo
Slide 2: Table of Contents
The Allstate Corporation Investor Supplement - Fourth 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 Corporate Return on Allstat
Slide 3: Condensed Consolidated Statements of Operations
The Allstate Corporation Condensed Consolidated Statements of Operations (In millions, except per share data) Three months ended Twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Revenue
Slide 4: Contribution to Income
The Allstate Corporation Contribution to Income (In millions, except per share data) Three months ended Twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Contribution to income Net incom
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) Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Book value per common share Numerator: Allstate common shareholders' equ
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 Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Return on Allstate common shareholders' equity Numerator: N
Slide 7: Policies in Force
The Allstate Corporation Policies in Force Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 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 25,504 25,332 25,243 25,100 24,936 24,998 25,124 25,207 Homeowners 7
Slide 8: Property-Liability Results
The Allstate Corporation Property-Liability Results ($ in millions, except ratios) Three months ended Twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Premiums written $ 14,572 $ 15,630
Slide 9: Allstate Protection Profitability Measures
The Allstate Corporation Allstate Protection Profitability Measures ($ in millions, except ratios) Three months ended Twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Premiums written A
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 December 31, 2025 Three months ended September 30, 2025 Number of locations (1) Total (%) (2) (3) Location specific (%) (4) Number of locations Total (%) (3) Location specific (
Slide 11: Auto Profitability Measures and Statistics
The Allstate Corporation Auto Profitability Measures and Statistics ($ in millions, except ratios) Three months ended Twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Allstate Protectio
Slide 12: Homeowners Profitability Measures and Statistics
The Allstate Corporation Homeowners Profitability Measures and Statistics ($ in millions, except ratios) Three months ended Twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Allstate Pro
Slide 13: Protection Services Segment Results
The Allstate Corporation Protection Services Segment Results ($ in millions) Three months ended Twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Protection Services Net premiums written
Slide 14: Corporate Segment Results
The Allstate Corporation Corporate Segment Results ($ in millions) Three months ended Twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Other revenue $ 19 $ 24 $ 23 $ 15 $ 16 $ 17 $ 19 $
Slide 15: Investment Position and Results
The Allstate Corporation Investment Position and Results ($ in millions) As of or for the three months ended As of or for the twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Investment
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 As of or for the twelve months ended Dec. 31, 2025 Sept. 30, 2025 June 30, 2025 March 31, 2025 Dec. 31, 2024 Sept. 30, 2024 June 30, 2024 March 31, 2024 Dec. 31, 2025 Dec. 31, 202
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