ALLSTATE CORP 10-Q

Financial Statements (unaudited)

Item 1. Financial Statements The Allstate Corporation and Subsidiaries Condensed Consolidated Statements of Operations (unaudited) (In millions, except per share data) Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 Revenues Property and casualty insurance premiums $ 15,670 $ 15,041 $ 31,223 $ 29,739 Accident and health insurance premiums and contract charges 134 235 270 722 Other revenue 728 747 1,447 1,509 Net investment income 1,009 754 1,947 1,608 Net gains (losses) on investments and derivatives 1,055 ( 144 ) 650 ( 493 ) Total revenues 18,596 16,633 35,537 33,085 Costs and expenses Property and casualty insurance claims and claims expense 9,862 10,249 19,047 21,064 Accident, health and other policy benefits 72 188 148 521 Amortization of deferred policy acquisition costs 2,202 2,076 4,380 4,163 Operating costs and expenses 2,315 2,135 4,540 4,380 Pension and other postretirement remeasurement (gains) losses ( 146 ) — ( 127 ) 78 Restructuring and related charges 7 15 12 31 Amortization of purchased intangibles 46 57 93 116 Interest expense 96 100 194 200 Total costs and expenses 14,454 14,820 28,287 30,553 Gain on disposition of operations — 890 — 890 Income from operations before income tax expense 4,142 2,703 7,250 3,422 Income tax expense 871 604 1,521 727 Net income 3,271 2,099 5,729 2,695 Less: Net income (loss) attributable to noncontrolling interest — ( 10 ) 1 ( 9 ) Net income attributable to Allstate 3,271 2,109 5,728 2,704 Less: Preferred stock dividends 30 30 59 59 Net income applicable to common shareholders $ 3,241 $ 2,079 $ 5,669 $ 2,645 Earnings per common share: Net income applicable to common shareholders per common share - Basic $ 12.66 $ 7.86 $ 22.00 $ 9.98 Weighted average common shares - Basic 256.0 264.6 257.7 264.9 Net income applicable to common shareholders per common share - Diluted $ 12.51 $ 7.76 $ 21.73 $ 9.85 Weighted average common shares - Diluted 259.1 267.9 260.9 268.4 See notes to condensed consolidated financial statements. Second Quarter 2026 Form 10-Q 1 Condensed Consolidated Financial Statements The Allstate Corporation and Subsidiaries Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) ($ in millions) Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 Net income $ 3,271 $ 2,099 $ 5,729 $ 2,695 Other comprehensive income (loss), after-tax Chang