Slide 1: Investor Supplement First Quarter 2022
Exhibit 99.2 Investor Supplement First Quarter 2022 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
Slide 2: Table of Contents
Condensed Consolidated Statements of Operations 1 Segment Results 13 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 14 Policies in Force 5 Segment Results 15 Results 6 Allstate Protectio
Slide 3: Condensed Consolidated Statements of Operations
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 10,981$ 10,852$ 10,615$ 10,444$ 10,307$ 469 459 460 447 455 560 587 536 494 555 594 847 764 974 708 (267) 266 105 287 426 12,337 13,011 12,480 12,646 12,451 7,822 7,804 8,264 7,207 6,043 - - - 29 - 269 278 277 252 242 1,612 1,6
Slide 4: Contribution to Income
($ in millions, except per share data) March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 Contribution to income Net income (loss) applicable to common shareholders 630$ 790$ 508$ 1,595$ (1,408)$ Net (gains) losses on investments and derivatives 267 (266) (105) (287) (426) Pens
Slide 5: Book Value per Common Share and Debt to Capital
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 21,242$ 23,209$ 24,759$ 26,037$ 24,649$ 279.7 284.7 292.6 301.6 304.0 75.95$ 81.52$ 84.62$ 86.33$ 81.08$ 21,242$ 23,209$ 24,759$ 26,037$ 24,649$ (995) 601 1,830 2,167 1,680 22,237$ 22,608$ 22,929$ 23,870$ 22,969$ 279.7 284.7 29
Slide 6: Return on Allstate Common Shareholders' Equity
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 3,523$ 1,485$ 3,293$ 3,911$ 3,540$ 24,649$ 28,247$ 25,293$ 25,016$ 22,203$ 21,242 23,209 24,759 26,037 24,649 22,946$ 25,728$ 25,026$ 25,527$ 23,426$ 15.4 % 5.8 % 13.2 % 15.3 % 15.1 % 2,888$ 4,033$ 4,829$ 5,512$ 5,179$ 24,649$
Slide 7: Policies in Force
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 26,071 25,916 25,654 25,614 25,453 7,165 7,159 7,138 7,111 7,090 4,894 4,866 4,848 4,816 4,774 312 315 319 322 325 38,442 38,256 37,959 37,863 37,642 21,968 21,972 21,951 21,920 21,824 6,536 6,525 6,496 6,459 6,427 4,103 3,944
Slide 8: Property-Liability Results
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 10,761$ 10,301$ 10,966$ 10,323$ 9,768$ (258) 121 (672) (312) (280) (5) (32) (135) (2) 408 10,498 10,390 10,159 10,009 9,896 347 366 365 321 385 (7,702) (7,683) (8,145) (7,103) (5,945) - - - (29) - (1,348) (1,345) (1,346) (1,319
Slide 9: Allstate Protection Profitability Measures
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 7,562$ 6,864$ 7,171$ 6,818$ 7,012$ 2,401 2,680 3,004 2,722 2,083 504 517 584 579 476 294 240 207 204 197 10,761$ 10,301$ 10,966$ 10,323$ 9,768$ 7,081$ 7,019$ 6,912$ 6,883$ 6,809$ 2,603 2,602 2,522 2,411 2,392 531 532 521 519 50
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 (%) 28 3.6 9.3 25 2.9 7.1 17 1.4 4.8 11 1.0 6.7 24 1.9 4.6 22 2.4 5.7 4 1.2 8.3 13 1.0 7.1 Number of locations Total brand (%) Location specific (%) Number of locations
Slide 11: Auto Profitability Measures
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 7,562$ 6,864$ 7,171$ 6,818$ 7,012$ 7,081 7,019 6,912 6,883 6,809 (147) (300) (159) 394 1,327 77.6 78.9 76.9 68.7 57.2 (0.6) (1.3) (2.9) (2.2) (0.4) (2.1) (2.1) (1.1) 0.4 0.2 74.9 75.5 72.9 66.9 57.0 24.5 25.4 25.4 25.6 23.3 (0.
Slide 12: Auto Statistics
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 964 829 932 926 929 718 504 516 495 542 Total 1,682 1,333 1,448 1,421 1,471 599 544 610 620 613 631 436 447 435 455 452 353 391 366 403 Total 1,682 1,333 1,448 1,421 1,471 626 610 604 600 607 87.5 87.2 87.2 87.1 86.7 18.4 21.5
Slide 13: Allstate Brand Auto State Profitability
Number of States(2) Total brand premium (%) Location specific (%) (3) Number of States Total brand premium (%) Location specific (%) 28 26.8 5.8 26 29.2 5.9 8 10.7 10.0 11 14.9 5.4 15 62.5 10.9 14 55.9 8.2 Number of States Total brand premium (%) Location specific (%) Number of States Total brand pr
Slide 14: Homeowners Profitability Measures
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 2,401$ 2,680$ 3,004$ 2,722$ 2,083$ 2,603 2,602 2,522 2,411 2,392 410 335 (277) (7) 268 60.4 61.7 85.9 76.3 64.9 (14.8) (16.6) (38.0) (30.3) (20.7) 0.1 - (0.6) 0.3 (0.2) 45.7 45.1 47.3 46.3 44.0 23.8 25.4 25.1 24.0 23.9 (0.5) (0
Slide 15: Protection Services Segment Results
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 630$ 716$ 651$ 692$ 583$ 483$ 462$ 456$ 435$ 411$ 94 91 85 88 90 41 42 46 46 41 9 11 10 12 10 (123) (124) (122) (109) (103) (221) (214) (206) (194) (181) (218) (227) (209) (203) (198) - (2) 1 (4) (9) (12) (9) (16) (15) (12) Les
Slide 16: Allstate Health and Benefits Segment Results
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 438$ 429$ 436$ 421$ 428$ 31 30 24 26 27 95 111 85 83 80 17 18 18 19 19 (269) (278) (277) (252) (242) (43) (43) (30) (32) (39) (202) (205) (206) (186) (190) - - (8) (1) - (14) (14) (9) (16) (18) 53$ 48$ 33$ 62$ 65$ (8) (9) (8) (
Slide 17: Corporate and Other Segment Results
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 24$ 19$ 1$ 2$ -$ 10 14 26 12 6 (59) (57) (41) (28) (32) - 9 (1) - (10) (83) (83) (69) (91) (86) 23 22 19 23 26 (26) (27) (30) (30) (27) (111)$ (103)$ (95)$ (112)$ (123)$ Preferred stock dividends Adjusted net loss ^ Net investm
Slide 18: Investment Position and Results
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 40,745$ 42,136$ 39,989$ 42,825$ 40,594$ 5,315 7,061 3,807 3,059 3,154 855 821 752 786 902 7,977 8,018 7,578 7,073 6,367 4,344 4,009 6,428 5,516 6,017 2,532 2,656 3,286 3,311 3,042 61,768$ 64,701$ 61,840$ 62,570$ 60,076$ 267$ 27
Slide 19: Investment Position and Results by Strategy
March 31, 2022 Dec. 31, 2021 Sept. 30, 2021 June 30, 2021 March 31, 2021 47,480$ 48,589$ 49,386$ 51,367$ 49,422$ 4,915 6,689 3,455 2,676 2,787 548 805 486 317 298 52,943$ 56,083$ 53,327$ 54,360$ 52,507$ 6,943$ 6,726$ 6,589$ 6,327$ 5,702$ 1,882 1,892 1,924 1,883 1,867 8,825$ 8,618$ 8,513$ 8,210$ 7,56
Slide 20: Definitions of Non-GAAP Measures
• Net gains and losses on investments and derivatives • Pension and other postretirement remeasurement gains and losses • Business combination expenses and the amortization or impairment of purchased intangibles • Income or loss from discontinued operations • Gain or loss on disposition of operation
Slide 21: Definitions of Non-GAAP Measures (continued)
Definitions of Non-GAAP Measures (continued) Protection Services adjusted earnings before taxes, depreciation and restructuring, is a non-GAAP measure, which is computed as adjusted net income (loss), excluding taxes, depreciation and restructuring. Adjusted net income (loss) is the GAAP measure tha
Slide 22: 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