Slide 1: Investor Supplement Third Quarter 2023
Investor Supplement Third Quarter 2023 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 Report on Form 10-K and Quarte
Slide 2: Table of Contents
Condensed Consolidated Statements of Operations 1 Segment Results 11 Contribution to Income 2 Book Value per Common Share and Debt to Capital 3 Return on Allstate Common Shareholders' Equity 4 Segment Results and Other Statistics 12 Policies in Force 5 Segment Results 13 Results 6 Profitability Meas
Slide 3: Condensed Consolidated Statements of Operations
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 12,839$ 12,470$ 12,173$ 11,900$ 11,661$ 11,362$ 10,981$ 37,482$ 34,004$ 463 453 463 436 463 465 468 1,379 1,396 592 597 561 660 561 563 560 1,750 1,684 689 610 575 557
Slide 4: Contribution to Income
(In millions, except per share data) Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 Contribution to income (41)$ (1,389)$ (346)$ (303)$ (685)$ (1,040)$ 634$ (1,776)$ (1,091)$ Net (gains) losses on investments and de
Slide 5: Book Value per Common Share and Debt to Capital
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 12,592$ 13,516$ 15,524$ 15,518$ 15,713$ 18,094$ 21,105$ 263.5 263.5 264.7 267.0 269.1 274.3 279.7 47.79$ 51.29$ 58.65$ 58.12$ 58.39$ 65.96$ 75.46$ 12,592$ 13,516$ 15,524$ 15,518$ 15,713$ 18,094$ 21,
Slide 6: Return on Allstate Common Shareholders' Equity
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 (2,079)$ (2,723)$ (2,374)$ (1,394)$ (294)$ 913$ 3,545$ 15,713$ 18,094$ 21,105$ 22,974$ 24,515$ 25,774$ 24,421$ 12,592 13,516 15,524 15,518 15,713 18,094 21,105 14,153$ 15,805$ 18,315$ 19,246$ 20,114
Slide 7: Policies in Force
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 25,376 25,520 25,733 26,034 26,131 26,192 26,071 7,297 7,268 7,262 7,260 7,237 7,197 7,165 4,884 4,890 4,913 4,936 4,930 4,919 4,894 296 307 307 311 310 311 312 37,853 37,985 38,215 38,541 38,608 38
Slide 8: Allstate Protection Segment Results
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 13,304$ 12,620$ 11,783$ 11,480$ 12,037$ 11,509$ 10,761$ 37,707$ 34,307$ (1,082) (753) (127) (67) (852) (599) (258) (1,962) (1,709) 48 54 (21) (33) (28) (36) (5) 81 (69)
Slide 9: Allstate Protection Results
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 8,770$ 8,269$ 8,349$ 7,774$ 7,860$ 7,470$ 7,562$ 25,388$ 22,892$ 3,525 3,381 2,534 2,775 3,145 3,008 2,281 9,440 8,434 676 675 548 530 606 609 504 1,899 1,719 140 200 2
Slide 10: Impact of Net Rate Changes Implemented on Premiums Written
Number of locations (1) Total brand (%) (2) (3) Location specific (%) (4) Number of locations Total brand (%) (3) Location specific (%) 25 2.0 5.9 34 5.8 10.0 12 2.1 6.5 20 2.5 12.3 33 3.3 6.2 27 3.6 13.9 11 1.2 17.6 10 3.8 23.5 Number of locations Total brand (%) (3) Location specific (%) Number of
Slide 11: Auto Profitability Measures and Statistics
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 8,770$ 8,269$ 8,349$ 7,774$ 7,860$ 7,470$ 7,562$ 25,388$ 22,892$ 8,345 8,121 7,908 7,741 7,545 7,348 7,081 24,374 21,974 (178) (678) (346) (974) (1,315) (578) (147) (1,
Slide 12: Homeowners Profitability Measures and Statistics
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 3,525$ 3,381$ 2,534$ 2,775$ 3,145$ 3,008$ 2,281$ 9,440$ 8,434$ 2,969 2,883 2,810 2,720 2,642 2,566 2,490 8,662 7,698 (131) (1,307) (534) 197 266 (192) 400 (1,972) 474 8
Slide 13: Protection Services Segment Results
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 658$ 658$ 619$ 742$ 657$ 670$ 630$ 1,935$ 1,957$ 569$ 549$ 538$ 520$ 504$ 488$ 483$ 1,656$ 1,475$ 75 84 84 78 84 91 94 243 269 34 35 33 31 39 38 41 102 118 19 18 16 14
Slide 14: Allstate Health and Benefits Segment Results and Other Statistics
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 463$ 453$ 463$ 436$ 463$ 465$ 468$ 1,379$ 1,396$ 104 101 101 125 90 92 95 306 277 20 21 19 19 17 16 17 60 50 (262) (258) (265) (257) (252) (265) (268) (785) (785) (39)
Slide 15: Corporate and Other Segment Results
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 20$ 23$ 23$ 23$ (2) 23$ 25$ 24$ 66$ 72$ 23 27 31 30 28 28 10 81 66 (39) (45) (1) (48) (63) (65) (75) (59) (132) (1) (199) (8) (1) (1) (2) - (1) - (10) (1) (88) (98) (86
Slide 16: Investment Position and Results
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 46,771$ 45,550$ 44,103$ 42,485$ 41,715$ 41,282$ 40,745$ 46,771$ 41,715$ 2,419 2,290 2,174 4,567 4,723 4,681 5,315 2,419 4,723 830 823 781 762 833 848 855 830 833 8,363
Slide 17: Investment Position and Results by Strategy
Sept. 30, 2023 June 30, 2023 March 31, 2023 Dec. 31, 2022 Sept. 30, 2022 June 30, 2022 March 31, 2022 Sept. 30, 2023 Sept. 30, 2022 51,661$ 52,191$ 52,337$ 48,114$ 47,364$ 47,457$ 47,480$ 51,661$ 47,364$ 1,986 1,850 1,765 4,112 4,283 4,259 4,915 1,986 4,283 198 201 214 519 469 485 548 198 469 53,845
Slide 18: Definitions of Non-GAAP Measures
• Net gains and losses on investments and derivatives • Pension and other postretirement remeasurement gains and losses • Amortization or impairment of purchased intangibles • Gain or loss on disposition • Adjustments for other significant non-recurring, infrequent or unusual items, when (a) the nat
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