<\/p>\n
Allstate Reports Fourth Quarter and Full Year 2024 Results<\/b><\/p>\n
NORTHBROOK, Ill.–(BUSINESS WIRE<\/a>)–
\nThe Allstate Corporation (NYSE: ALL) today reported financial results for the fourth quarter of 2024.<\/p>\n
| \n The Allstate Corporation Consolidated Highlights<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Three months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Twelve months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n ($ in millions, except per share data and ratios)<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n % \/ pts<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n % \/ pts<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n<\/tr>\n Consolidated revenues<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 16,506<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 14,832<\/b><\/p>\n<\/td>\n 11.3<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 64,106<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 57,094<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 12.3<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Net income (loss) applicable to common shareholders<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,899<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,460<\/b><\/p>\n<\/td>\n 30.1<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 4,550<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (316<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n per diluted common share (1)<\/sup><\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 7.07<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 5.52<\/b><\/p>\n<\/td>\n 28.1<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 16.99<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (1.20<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Adjusted net income*<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2,062<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,541<\/b><\/p>\n<\/td>\n 33.8<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 4,906<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 251<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n per diluted common share*<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 7.67<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 5.82<\/b><\/p>\n<\/td>\n 31.8<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 18.32<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 0.95<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Return on Allstate common shareholders\u2019 equity (trailing twelve months)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Net income (loss) applicable to common shareholders<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 25.8<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (2.0<\/b><\/p>\n<\/td>\n )%<\/b><\/p>\n<\/td>\n 27.8<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Adjusted net income (loss)*<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 26.8<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1.5<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 25.3<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Common shares outstanding (in millions)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 265.0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 262.5<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1.0<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Book value per common share<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 72.35<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 59.39<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 21.8<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Consolidated premiums written (2)<\/sup><\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 15,055<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 13,835<\/b><\/p>\n<\/td>\n 8.8<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 60,644<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 54,856<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 10.6<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Property-Liability insurance premiums earned<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 13,933<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 12,601<\/b><\/p>\n<\/td>\n 10.6<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 53,866<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 48,427<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 11.2<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Property-Liability combined ratio<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Recorded<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 86.9<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 89.5<\/b><\/p>\n<\/td>\n (2.6<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 94.3<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 104.5<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (10.2<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Underlying combined ratio*<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 83.0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 86.9<\/b><\/p>\n<\/td>\n (3.9<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 84.6<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 91.2<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (6.6<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Catastrophe losses<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 410<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 68<\/b><\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 4,964<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 5,636<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (11.9<\/b><\/p>\n<\/td>\n )%<\/b><\/p>\n<\/td>\n<\/tr>\n Total policies in force (in thousands)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 208,345<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 194,416<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 7.2<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n (1)<\/sup><\/p>\n<\/td>\n \nIn periods where a net loss or adjusted net loss is reported, weighted average shares for basic earnings per share is used for calculating diluted earnings per share because all dilutive potential common shares are anti-dilutive and are therefore excluded from the calculation.<\/p>\n<\/td>\n<\/tr>\n (2)<\/sup><\/p>\n<\/td>\n \nIncludes premiums written for the Allstate Protection and Protection Services segments and premiums and contract charges for the Health and Benefits segment.<\/p>\n<\/td>\n<\/tr>\n \n*<\/p>\n<\/td>\n \nMeasures used in this release that are not based on accounting principles generally accepted in the United States of America (\u201cnon-GAAP\u201d) are denoted with an asterisk and defined and reconciled to the most directly comparable GAAP measure in the \u201cDefinitions of Non-GAAP Measures\u201d section of this document.<\/p>\n<\/td>\n<\/tr>\n Fourth Quarter 2024 Results<\/b><\/p>\n Full Year 2024 Results<\/b><\/p>\n \n\u201cAllstate finished 2024 with another excellent quarter both financially and strategically,\u201d said Tom Wilson, Chair, President and CEO of The Allstate Corporation. \u201cFourth quarter revenue reached $16.5 billion and net income was $1.9 billion, 11.3% and 30.1% above the prior year quarter, respectively. Operational excellence resulted in solid profitability in auto and homeowners insurance and Protection Services. Adjusted net income* for the full year was $4.9 billion which represents an adjusted net income return on equity* of 26.8%.\u201d<\/p>\n \n\u201cThis performance reflects successful risk and return management. Investment income increased to $3.1 billion in 2024, 24.8% above the prior year due to repositioning into higher yielding fixed income securities, portfolio growth and stronger performance-based results. Homeowners insurance generated $1.3 billion of underwriting income for the year while covering $3.7 billion of customers\u2019 catastrophe losses, reflecting an industry-leading business model. We rapidly supported customers impacted by the January California wildfires and related losses are expected to be about $1.1 billion, pre-tax, net of reinsurance, reflecting a decision to reduce market share beginning in 2007 and a comprehensive reinsurance program.\u201d<\/p>\n \n\u201cProgress was also made in executing the strategy to grow personal Property-Liability market share, expand Protection Services and sell the Health and Benefits businesses. Allstate has a stronger competitive position, broader distribution and significantly larger customer base since undertaking Transformative Growth five years ago,\u201d continued Wilson. \u201cIn the Property-Liability business, the underwriting expense ratio has been reduced, new Affordable, Simple and Connected products brought to market and distribution significantly expanded in the direct and independent agent channels. Total Property-Liability policies in force are expected to grow in 2025 as auto insurance policy renewal rates improve and new business continues to increase. Protection Plans revenues reached nearly $2.0 billion for the year, increasing policies in force by 60% since 2019 to 160 million with adjusted net income of $157 million. The decision to maximize shareholder value by combining the Health and Benefits businesses with companies that have greater strategic alignment also was successful with two of the three businesses now under contract to be sold for $3.25 billion,\u201d concluded Wilson.<\/p>\n Property-Liability Results<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Three months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Twelve months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n \n($ in millions)<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n % \/ pts<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n % \/ pts<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n<\/tr>\n Premiums earned<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 13,933<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 12,601<\/b><\/p>\n<\/td>\n 10.6<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 53,866<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 48,427<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 11.2<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Premiums written<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 13,757<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 12,640<\/b><\/p>\n<\/td>\n 8.8<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 55,926<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 50,347<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 11.1<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Policies in force (in thousands)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 37,530<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 37,768<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (0.6<\/b><\/p>\n<\/td>\n )%<\/b><\/p>\n<\/td>\n<\/tr>\n Underwriting income (loss)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,832<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,325<\/b><\/p>\n<\/td>\n 38.3<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 3,080<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (2,184<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Recorded combined ratio<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 86.9<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 89.5<\/b><\/p>\n<\/td>\n (2.6<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 94.3<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 104.5<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (10.2<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Underlying combined ratio*<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 83.0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 86.9<\/b><\/p>\n<\/td>\n (3.9<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 84.6<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 91.2<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (6.6<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n Allstate Protection Auto Results<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Three months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Twelve months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n \n($ in millions, except ratios)<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n % \/ pts<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n % \/ pts<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n<\/tr>\n Premiums earned<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 9,348<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 8,566<\/b><\/p>\n<\/td>\n 9.1<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 36,475<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 32,940<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 10.7<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Premiums written<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 9,116<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 8,570<\/b><\/p>\n<\/td>\n 6.4<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 37,296<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 33,958<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 9.8<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Underwriting income (loss)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 603<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 93<\/b><\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,810<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (1,109<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Policies in force (in thousands)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 24,936<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 25,283<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (1.4<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Recorded combined ratio<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 93.5<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 98.9<\/b><\/p>\n<\/td>\n (5.4<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 95.0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 103.4<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (8.4<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Underlying combined ratio*<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 93.0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 96.4<\/b><\/p>\n<\/td>\n (3.4<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 93.4<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 99.9<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (6.5<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n Allstate Protection Homeowners Results<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Three months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Twelve months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n \n($ in millions, except ratios)<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n % \/ pts<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n % \/ pts<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n<\/tr>\n Premiums earned<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 3,548<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 3,077<\/b><\/p>\n<\/td>\n 15.3<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 13,360<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 11,739<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 13.8<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Premiums written<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 3,624<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 3,144<\/b><\/p>\n<\/td>\n 15.3<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 14,416<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 12,584<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 14.6<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Underwriting income (loss)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,070<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,169<\/b><\/p>\n<\/td>\n (8.5<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,319<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (803<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Policies in force (in thousands)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 7,511<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 7,338<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2.4<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Recorded combined ratio<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 69.8<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 62.0<\/b><\/p>\n<\/td>\n 7.8<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 90.1<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 106.8<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (16.7<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Catastrophe Losses<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 315<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 21<\/b><\/p>\n<\/td>\n NM<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 3,717<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 4,537<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (18.1<\/b><\/p>\n<\/td>\n )%<\/b><\/p>\n<\/td>\n<\/tr>\n Underlying combined ratio*<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 59.5<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 61.3<\/b><\/p>\n<\/td>\n (1.8<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 62.5<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 67.3<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (4.8<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n Protection Services Results<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Three months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Twelve months ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n \n($ in millions)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n % \/ $<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n % \/ $<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n<\/tr>\n Total revenues (1)<\/sup><\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 889<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 719<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 23.6<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 3,237<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 2,773<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 16.7<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n \nAllstate Protection Plans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n528<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n439<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n20.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,987<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,639<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAllstate Dealer Services<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n147<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n146<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n587<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n588<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.2<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nAllstate Roadside<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n54<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n66<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(18.2<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n224<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n265<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(15.5<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nArity<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n121<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n32<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n286<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n133<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n115.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAllstate Identity Protection<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n36<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n153<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n148<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Adjusted net income (loss)<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 50<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 4<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 46<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 217<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 106<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 111<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAllstate Protection Plans<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n37<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n38<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n157<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n117<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAllstate Dealer Services<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(33<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n37<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(15<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n36<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAllstate Roadside<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n24<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nArity<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(5<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(8<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(18<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAllstate Identity Protection<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n (1)<\/sup><\/p>\n<\/td>\n \nExcludes net gains and losses on investments and derivatives.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Allstate Health and Benefits Results<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Three months ended \n\u00a0<\/p>\n<\/td>\n Twelve months ended \n($ in millions)<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n % \n\u00a0<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n % |