Allstate Corporation (the) · NYSE:ALL
Allstate Corporation (the) — Q4 2025 Earnings Presentation
17 slides from Allstate Corporation (the)'s earnings presentation, Feb 5, 2026
Slide 1: The Allstate Corporation Fourth Quarter 2025 Earnings Presentation
The Allstate Corporation Fourth Quarter 2025 Earnings Presentation 02.05.2026
Slide 2: Forward-looking Statements And Non-GAAP Financial Information
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 measures to GAAP measures withi
Slide 3: Allstate Delivers More Affordable Protection And Strong Results
Allstate Delivers More Affordable Protection And Strong Results Allstate’s Strategy To Create Shareholder Value Increase Personal Property-Liability Market Share 2025 performance highlights ➢ Improved auto and homeowners insurance affordability Leveraging Allstate brand, ➢ Benefited from Transformat
Slide 4: Generated Strong Financial Results
Generated Strong Financial Results ($ in millions except per share data) 2025 results Fourth quarter Full year Total revenues $17,345 $67,685 Net income applicable to common shareholders $3,803 $10,165 - Per diluted common share $14.37 $38.06 Adjusted net income* $3,788 $9,304 - Per diluted common s
Slide 5: Regulatory/Legislative Changes To Improve Affordability Must Focus On Costs
Regulatory/Legislative Changes To Improve Affordability Must Focus On Costs Auto insurance industry costs(1) – % of total Cost factors and trends 2020 - 2025 Physical damage • Physical damage costs have increased ~47%(2) over 5 years • Used car prices increased 43% from 2020 to 2022 following the pa
Slide 6: Allstate Improved Auto And Homeowners Insurance Affordability While Maintaining Returns
Allstate Improved Auto And Homeowners Insurance Affordability While Maintaining Returns Actions to improve affordability Customer value SAVE program • Customer renewal processes used to optimize reduced 7.8 million coverage and discounts insurance customers’ premiums 17% by • Rolled out Allstate-bra
Slide 7: Benefited From Transformative Growth Initiative
Benefited From Transformative Growth Initiative Competitive Prices New Products • Reduced adjusted expense ratio* by 6.6 points since 2018 • Expanded non-standard auto insurance offerings • Improved auto and homeowners insurance pricing models • Introduced Allstate ASC auto and homeowners insurance
Slide 8: 2026 Transformative Growth Focus Is To Roll-out New Platforms
2026 Transformative Growth Focus Is To Roll-out New Platforms Phase 1: Phase 2: Phase 3: Phase 4: Phase 5: Conceptual Enhance existing Build new Roll out new Decommission design business business platforms existing processes and technologies Increase sophistication of Deploy technology Improve custo
Slide 9: Protection Services Generating Profitable Growth
Protection Services Generating Profitable Growth 2025 results Policies in force: Premiums earned/other revenue: Adjusted net income: 172M $3.3B $218M (+3.3% to prior year) (+11.7% to prior year) (+0.5% to prior year) Protection Plans Consumer protection Distribution partners Q4 2025 quarterly perfor
Slide 10: Property-Liability Generates Strong Results
Property-Liability Generates Strong Results Improving affordability had manageable impact on auto insurance Full year 2025 results earned premium Auto Homeowners Cumulative earned premium impact (% change from prior year) insurance insurance ($ in millions) Premiums earned 4.4% 15.0% $900 Policies i
Slide 11: Auto Claims Process Improvements Support Favorable Reserve Adjustments
Auto Claims Process Improvements Support Favorable Reserve Adjustments Physical damage Injury Improved accuracy and customer experience Enhanced processes and analytics • Optimize inspection methodology • Redesigned claims operating model to accelerate payment to injured parties • Adjuster training
Slide 12: Auto Insurance Growth Accelerated And Broadened In 2025
Auto Insurance Growth Accelerated And Broadened In 2025 Allstate Protection auto – distribution of policy in force growth(1) 2024 variance to 2023 2025 variance to 2024 % of countrywide % of countrywide premiums written premiums written Countrywide 45% 45% increase of 2.3% 40% 40% 35% Countrywide 35
Slide 13: Homeowners Insurance Continues To Generate Attractive Returns And Grow
Homeowners Insurance Continues To Generate Attractive Returns And Grow Property-Liability financial highlights 2021 2022 2023 2024 2025 Premiums earned ($ in millions) $9,552 $10,418 $11,739 $13,360 $15,363 Policies in force % to prior year 7.8% 1.4% 1.1% 2.4% 2.5% Allstate recorded 10-year combined
Slide 14: Increased Investment Income Reflecting Portfolio Growth And Increased Fixed Income Yields
Increased Investment Income Reflecting Portfolio Growth And Increased Fixed Income Yields Investment Portfolio financial highlights Twelve months ended December 31, 2024 2025 Portfolio Carrying Value ($ in billions) Market-based 62.1 73.4 Performance-based 10.5 9.8 Total 72.6 83.2 Net Investment Inc
Slide 15: Proactive Capital Management Increases Cash Returns To Shareholders
Proactive Capital Management Increases Cash Returns To Shareholders › Returned over $2.2 billion to shareholders in 2025 through a combination of common shareholder dividends and share repurchases › Approved quarterly common dividend of $1.08 per share – payable in cash on Apr. 1, 2026 to stockholde
Slide 16: Slide 16
Slide 17: Forward-looking Statements
Forward-looking Statements This presentation contains “forward-looking statements” that anticipate results highly competitive; (14) changing consumer preferences; (15) new or based on our estimates, assumptions and plans that are subject to uncertainty. changing technologies impacting the business;
Allstate Corporation (The) — Q4 2025 Earnings Presentation on 6ix