Exhibit 99.1

earningsreleaseimagea16.jpg
FOR IMMEDIATE RELEASE

Contacts:    
Greg Burns                John Griek
Media Relations          Investor Relations
(847) 402-5600                (847) 402-2800

Allstate Delivers Strong Growth and Attractive Returns in 2018
Continues to broaden portfolio of protection solutions

NORTHBROOK, Ill., February 5, 2019 – The Allstate Corporation (NYSE: ALL) today reported financial results for the fourth quarter of 2018.
The Allstate Corporation Consolidated Highlights
 
Three months ended December 31,
 
Twelve months ended December 31,
($ in millions, except per share data and ratios)
2018
2017
% / pts
Change
 
2018
2017
% / pts
Change
Consolidated revenues
$
9,481

$
10,062

(5.8
)
 
$
39,815

$
39,407

1.0

Net income (loss) applicable to common shareholders
(312
)
1,220

NM

 
2,104

3,073

(31.5
)
per diluted common share
(0.91
)
3.35

NM

 
5.96

8.36

(28.7
)
Adjusted net income*
430

762

(43.6
)
 
2,851

2,467

15.6

per diluted common share*
1.24

2.09

(40.7
)
 
8.07

6.71

20.3

Return on common shareholders’ equity (trailing twelve months)
 
 
 
 
 
Net income applicable to common shareholders
 
 


 
10.5
%
15.5
%
(5.0
)
Adjusted net income*
 
 


 
14.8
%
13.4
%
1.4

Book value per common share
 
 


 
57.56

57.58


Property-Liability combined ratio
 
 
 
 
 
 
 
Recorded
97.0

91.0

6.0

 
93.6

93.6


Underlying combined ratio* (excludes catastrophes, prior year reserve reestimates and amortization of purchased intangibles)
86.8

85.7

1.1

 
85.8

84.9

0.9

Property and casualty insurance premiums written
8,859

8,147

8.7

 
34,986

32,742

6.9

Catastrophe losses
963

599

60.8

 
2,855

3,234

(11.7
)
Total policies in force (in thousands)
 
 


 
113,892

82,276

38.4

*
Measures used in this release that are not based on accounting principles generally accepted in the United States of America (“non-GAAP”) are denoted with an asterisk and defined and reconciled to the most directly comparable GAAP measure in the “Definitions of Non-GAAP Measures” section of this document.
NM = not meaningful

“Allstate continues to deliver strong operating results while building the future. The strategy to grow market share in personal protection is working with growth in auto and home insurance, workplace benefits and protection plans. We also expanded identity protection by acquiring InfoArmor. Full year revenues increased to $40.7 billion, excluding realized capital gains and losses. Policies in force increased 2.4% in Allstate Protection insurance, and the addition of 30 million SquareTrade protection policies brought our total to over 113 million. Arity, our connected car platform, is now collecting 10 billion miles of driving data per month through expansion of third-party connectivity,” said Tom Wilson, Chair, President and Chief Executive Officer of The Allstate Corporation.



1

The following information was filed by Allstate Corp (ALL) on Tuesday, February 5, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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