The Allstate Corporation (ALL) Proxy filing summary

Executive summary

• Achieved strong financial performance in 2025 with $67.7B in revenue, $10.2B net income, and 42.3% return on equity, driven by Transformative Growth strategy and increased market share in property-liability and protection services.

• Returned over $2.2B to shareholders via dividends and share repurchases; approved an 8% dividend increase and a new $4B share repurchase program in early 2026.

• Expanded use of artificial intelligence (AI) across operations, including the launch of the ALLIE platform, and continued investment in technology and workforce productivity.

• Maintained a highly engaged workforce with 86% engagement and implemented leadership transitions to support growth and AI initiatives.

Voting matters and shareholder proposals

• Shareholders to vote on: election of 11 directors, advisory say-on-pay for executive compensation, ratification of Deloitte & Touche LLP as independent auditor, and a shareholder proposal on ESG/DEI metrics in executive compensation.

• Board recommends FOR all director nominees, FOR say-on-pay, FOR auditor ratification, and AGAINST the ESG/DEI metrics proposal.

• Shareholder proposal on ESG/DEI metrics opposed by the Board, citing alignment of compensation with performance and lack of such metrics in current plans.

Board of directors and corporate governance

• Board comprises 11 nominees, 91% independent, with diverse backgrounds (73% gender/racial/ethnic diversity, 73% CEO/President experience).

• Recent board refreshment includes new Lead Director and committee chair rotations; ongoing director education and engagement with shareholders representing 35% of shares.

• Board committees: Audit, Compensation and Human Capital, Nominating/Governance/Social Responsibility, Risk and Return, and Executive.

• Annual board and committee evaluations, robust succession planning, and regular review of governance best practices.