Q3 2022 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 and investor supplement.

Additional information on factors that could cause results to differ materially from this presentation is available in the 2021 Form 10-K, Form 10-Q for September 30, 2022, 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

Third quarter 2022 highlights

• Executing comprehensive plan to improve auto insurance profitability

1. Broadly raising insurance rates

1. Reducing operating expenses and advertising

1. Implementing underwriting restrictions in underperforming states

• 1. Modifying claims operating processes to manage loss costs
• Advancing Transformative Growth strategy
• Protection Services generating profitable growth
• Investment results benefited from proactive risk reduction

Increase sophistication

and investment in

customer acquisition

Personal Property-Liability

Flywheel of Growth

Low prices /

attractive returns