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PresentationAll right. Well, I think we're at time here. So very happy to be joined on stage by Tom Wilson, CEO of Allstate. I think Tom is going to walk us through the company for a little bit, and then we'll have a discussion. So thanks for joining us. Tom?Thomas WilsonChairman of the Board, President & CEO Thank you. Good morning, everybody. Thank you for investing your time in Allstate. Let me begin with your usual surgeon general warning. So we're going to use forward-looking statements. We use non-GAA ...

Summary of Allstate Corporation Conference Call (December 10, 2025) Company Overview - **Company**: Allstate Corporation (NYSE: ALL) - **Industry**: Property and Casualty Insurance Key Points Financial Performance - Property liability premiums increased to **$56.8 billion**, an **8.2%** increase year-over-year [2] - Net investment income rose to **$3.4 billion**, an **18%** increase [2] - Net income reached **$8.3 billion**, over **100%** increase from the previous year [2] - Adjusted net income was **$7.6 billion**, a **72.8%** increase [2] - Return on equity stood at **34.7%** [2] - Total shareholder return was slightly over **15%** [2] - Price-earnings ratio at **7.4**, significantly below market averages [2] Market Position and Strategy - Allstate aims to increase personal property liability market share and expand protection offerings [2] - The personal property liability market exceeds **$500 billion** in premiums, with significant competition [3] - Allstate's auto insurance combined ratio was **97.1**, below the industry average, indicating strong profitability [4] - Homeowners insurance combined ratio was **92.3**, outperforming many competitors [5] - Market share in auto insurance increased from **9.3%** to **10.2%** since 2019 [6] - Homeowners insurance market share also increased to **8%** [6] Growth Initiatives - Transformative growth plan initiated in 2019 includes five components aimed at increasing market share [6] - Significant cost reductions allowed for competitive pricing while maintaining returns [6] - Distribution expanded through acquisitions and new product launches [7] - Marketing investments increased to **$2.2 billion**, up from **$900 million** in 2019 [8] - New products launched in **42 states** for auto and **24 states** for homeowners insurance [8] Artificial Intelligence and Technology - Allstate is developing a large language intelligence ecosystem called ALI to enhance customer service and operational efficiency [11] - Generative AI is being utilized for billing, software coding, and financial work [11] - Future plans include agentic AI to improve customer interactions and analytics [11] Competition and Market Dynamics - Competition in auto insurance remains intense, particularly from Progressive and State Farm [14] - GEICO has lost market share due to previous poor business decisions [15] - Allstate's multi-channel approach positions it well against competitors [16] Retention and Customer Value - Retention rates have declined over the past five years, influenced by significant price increases [19] - Strategies are in place to improve retention by enhancing customer value and reducing prices for millions of customers [22][23] - Bundling of auto and home insurance is being emphasized to improve retention [29] Future Outlook - Allstate expects policy growth to continue in 2026, despite competitive pressures [12] - The company is focused on maintaining profitability while growing market share [31] - Plans to further reduce expenses and improve operational efficiency through technology [35][36] Capital Management - Allstate maintains a favorable capital position, with a focus on organic growth and potential share repurchases [39] - The company has successfully executed acquisitions that have significantly increased premium volumes [41][42] Conclusion - Allstate is positioned for sustainable growth through strategic initiatives, technological advancements, and a focus on customer value, despite competitive challenges in the insurance market [12][39]

Industry Overview - The Property and Casualty (P&C) insurance sector is expected to benefit from improved pricing, prudent underwriting, increased exposure, and a strong capital position, ranking in the top 12% of the Zacks Industry Rank [1] - The industry is projected to outperform the market over the next three to six months due to these favorable conditions [1] Technological Advancements - Insurers are heavily investing in technology, with an expected generation of approximately $4.7 billion in annual global premiums from AI-related insurance by 2032, reflecting a CAGR of nearly 80% [2] - The adoption of technologies such as blockchain, AI, advanced analytics, telematics, and insurtech solutions is enhancing efficiency and reducing costs for P&C insurers [2] Company Highlights The Travelers Companies Inc. (TRV) - TRV has a strong market presence in auto, homeowners', and commercial property-casualty insurance, with a high retention rate and positive renewal premium changes [6] - Expected revenue and earnings growth rates for TRV are 3.4% and 6.7%, respectively, for the next year, with a 1.5% improvement in earnings estimates over the last 30 days [8] RenaissanceRe Holdings Ltd. (RNR) - RNR is experiencing steady premium growth, with a projected 5.4% year-over-year growth in net premiums earned in 2025 [10] - Expected revenue and earnings growth rates for RNR are -1.8% and 9.4%, respectively, for the next year, with a 0.9% improvement in earnings estimates over the last 30 days [11] The Allstate Corp. (ALL) - ALL is witnessing consistent premium growth, with a 7.6% year-over-year increase in net premiums earned in the first nine months of 2025 [12] - Expected revenue and earnings growth rates for ALL are 5.7% and -14.5%, respectively, for the next year, with a 5% improvement in earnings estimates over the last 30 days [14] Mercury General Corp. (MCY) - MCY is positioned for top-line growth due to sustained premium increases and a higher number of policies written [15] - Expected revenue and earnings growth rates for MCY are 6.7% and 23.5%, respectively, for the next year, with a 13.5% improvement in earnings estimates over the last 30 days [17] Hagerty Inc. (HGTY) - HGTY specializes in insurance services for collector cars and enthusiast vehicles, offering bundled memberships with various benefits [18][19] - Expected revenue and earnings growth rates for HGTY are 7.3% and -14.3%, respectively, for the next year, with a 6.1% improvement in earnings estimates over the last 30 days [20]

Allstate analysis identifies the most hazardous holiday travel periods and shares data-backed tips and mobile tools to keep drivers safe Key takeaways NORTHBROOK, Ill., Dec. 10, 2025 /PRNewswire/ -- Winter holidays bring some of the most dangerous driving conditions of the year and the new Allstate Holiday Driver Report shows where winter drivers struggle most, when risky behaviors jump and how drivers can stay safe this season. Unlike traditional travel forecasts that focus on how many people are on the ro ...

12.10.2025 Forward-looking statements and non-GAAP financial information The Allstate Corporation 2025 PAGE 1 The Allstate Corporation Goldman Sachs 2025 US Financial Services Conference Tom Wilson, Chair, President and Chief Executive Officer › 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 rel ...

Group 1 - The Macquarie Value Fund executed four full-position sales and purchases during Q3 2025 [2] - The Fund sold its position in Conagra Brands Inc. (CAG) [2]

Core Viewpoint - Allstate's third-quarter earnings exceeded expectations, driven by growth in premiums and investment income, despite some challenges in its protection services unit [2][3]. Financial Performance - Adjusted net income for Q3 2025 was $11.17 per share, surpassing the Zacks Consensus Estimate by 36.2%, and significantly up from $3.91 a year ago [2]. - Operating revenues increased by 3.8% year over year to $17 billion, although this fell short of the consensus estimate by 2% [2]. - Total costs and expenses decreased by 13.5% year over year to $13.2 billion, attributed to lower insurance claims and catastrophe losses, which dropped to $558 million from $1.7 billion a year ago [5]. Segment Performance - Property and casualty insurance premiums rose by 6.4% year over year to $15.3 billion, while the Property-Liability segment's premiums earned increased by 6.1% to $14.5 billion [4][7]. - The Protection Services segment reported revenues of $902 million, a 9.7% increase year over year, but adjusted net income decreased to $46 million from $58 million [8]. Investment Income - Net investment income reached $949 million, a 21.2% increase year over year, exceeding the Zacks Consensus Estimate of $832 million [4]. - Market-based investment income grew by 10.2% year over year to $780 million [4]. Financial Position - As of September 30, 2025, Allstate had a cash balance of $931 million, total assets of $120.4 billion, and total equity of $27.5 billion, reflecting a significant increase from the previous year [9]. - Book value per common share was $95.95, up 36.4% year over year [9]. Market Outlook - Estimates for Allstate have been trending upward, with a consensus estimate shift of 12.31% in the past month, leading to a Zacks Rank of 1 (Strong Buy) [10][12]. - The stock has an aggregate VGM Score of A, indicating strong performance across growth, momentum, and value metrics [11].

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the he ...

Core Insights - Three stocks with strong growth characteristics and buy ranks are highlighted for investors to consider on December 4 Group 1: Allstate Corporation (ALL) - Allstate Corporation is an insurance company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 29.3% over the last 60 days [1] - The company has a PEG ratio of 0.39, significantly lower than the industry average of 1.71 [1] - Allstate possesses a Growth Score of B [1] Group 2: Sanmina Corporation (SANM) - Sanmina Corporation is a global provider of electronics contract manufacturing services with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 38.9% over the last 60 days [2] - The company has a PEG ratio of 0.64 compared to the industry average of 1.81 [2] - Sanmina possesses a Growth Score of A [2] Group 3: Commercial Metals Company (CMC) - Commercial Metals Company is involved in steel manufacturing and recycling, holding a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 24.4% over the last 60 days [3] - The company has a PEG ratio of 0.42, lower than the industry average of 0.71 [3] - Commercial Metals possesses a Growth Score of B [3]