The Allstate Corporation (ALL) investor relations material

Executive summary

• Achieved excellent Q1 2026 operating results with revenues of $16.94 billion, net income of $2.43 billion, and strong growth in auto and homeowners insurance, driven by improved underwriting, lower catastrophe losses, and expanded protection offerings.

• Adjusted net income was $2.8 billion ($10.65 per diluted share), up significantly from the prior year.

• Market share increased in auto insurance in 29 states and in homeowners insurance in 83% of the U.S. market, supported by affordable pricing, new products, and expanded distribution.

• Policies in force grew to 212 million, reflecting gains in auto, homeowners, and protection plans.

• Continued focus on leveraging technology, analytics, and disciplined capital allocation to drive shareholder value.

Financial highlights

• Total revenues rose to $16.94 billion, up 3% year-over-year for Q1 2026.

• Net income applicable to common shareholders was $2.43 billion; adjusted net income was $2.8 billion.

• Net investment income increased 9.8% to $938 million, driven by portfolio growth and higher yields.

• Property-Liability earned premiums rose 5.5% to $14.8 billion, with underwriting income of $2.7 billion.

• Book value per diluted common share reached $113.52, up 52.2% year-over-year.

Outlook and guidance

• Expect to sustain attractive returns and continue profitable growth through operational levers, advanced analytics, and technology investments.

• Ongoing focus on market share gains, especially in property-liability and homeowners segments, with continued investment in AI and transformative growth.

• Management continues to monitor macroeconomic factors such as inflation, supply chain disruptions, and labor shortages, which may impact claims frequency and severity.

• Forward-looking statements caution that actual results may differ due to risks and uncertainties.