Q1 2023 Earnings Call Presentation

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 within our most recent earnings release, investor supplement or on our website, www.allstateinvestors.com, under the "Financials" link.

Additional information on factors that could cause results to differ materially from this presentation is available in the 2022 Form 10-K, Form 10-Q for March 31, 2023, our most recent earnings release, and at the end of these slides. These materials are available on our website, www.allstateinvestors.com, under the "Financials" link.

Increase Personal

Property-Liability Market Share

Leveraging Allstate brand,

customer base and capabilities

Expand Protection

Services

First quarter 2023 highlights

• Net loss of $346 million

1. Property-Liabilityunderwriting loss o Strong investment results

• 1. Protection Services and Health and Benefits profit
• Executing comprehensive plan to improve auto insurance profitability by:
• 1. Raising rates

• 1. Reducing expenseso Limiting growth
     o Enhancing claims processes
• Advancing Transformative Growth plan
• Expanding Allstate Protection Plans

NM = Not meaningful

Reflects underwriting loss in the first quarter primarily driven by

elevated catastrophe losses and higher loss costs in auto insurance

Property-Liability recorded and underlying combined ratio*

Property-Liability combined ratio reconciliation

Q1 2023 compared to YE 2022