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FOR IMMEDIATE RELEASE Contacts : Al Scott Media Relations ( 847 ) 402-5600 Mark Nogal Investor Relations ( 847 ) 402-2800 Allstate Addresses Impact of Supply Chain Disruptions Transformative Growth positions for continued success Allstate NORTHBROOK , III . , November 3 , 2021 - The Allstate Corporation ( NYSE : ALL ) today reported financial results for the third quarter of 2021 . ( $ in millions , except per share data and ratios ) The Allstate Corporation Consolidated Highlights Three months ended September 30 , Book value per common share Property - Liability combined ratio Recorded Consolidated revenues Net income applicable to common shareholders per diluted common share Adjusted net income * 2021 $ 12,480 $ 10,678 508 1,126 1.71 3.58 217 900 per diluted common share * 0.73 2.87 Return on Allstate common shareholders ' equity ( trailing twelve months ) Net income applicable to common shareholders Adjusted net income * Underlying combined ratio * Property - Liability insurance premiums earned Catastrophe losses Shelter - in - Place Payback expense Total policies in force ( in thousands ) 105.3 90.4 10,159 1,269 % / pts 2020 Change 1 91.6 79.7 8,952 13.7 10.7 13.5 990 28.2 2021 16.9 % $ 37,577 ( 54.9 ) 695 ( 52.2 ) 2.30 ( 75.9 ) 3,237 ( 74.6 ) 10.70 Nine months ended September 30 , 13.2 % 21.2 % 84.62 Exhibit 99.1 94.8 84.5 % / pts 2020 Change $ 30,947 21.4 % 2,863 9.01 2,918 9.18 18.9 % 17.9 % 82.39 88.8 79.6 30,064 26,696 2,811 2,387 948 29 191,856 170,787 ( 75.7 ) ( 74.5 ) 10.9 16.6 ( 5.7 ) 3.3 2.7 6.0 4.9 12.6 17.8 ( 96.9 ) 12.3 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 . " Allstate's operational expertise enables us to address inflation in auto repair costs while executing our Transformative Growth strategy , " said Tom Wilson , Chair , President and CEO of The Allstate Corporation . " Auto insurance had an underwriting loss in the quarter as supply chain disruptions drove rapid price increases for used cars and original equipment parts . Auto insurance did generate attractive margins for the first nine months of the year , and we are filing for rate increases to maintain historical profitability levels . Performance - based investment income increased by $ 308 million reflecting the strategic decision to increase these investments , which offsets some of the decline in quarterly underwriting income . Transformative Growth is lowering expenses , providing further protection from increased loss costs . The catastrophe risk and return strategy also benefited results as nearly $ 1 billion of net reinsurance recoveries offset the impact of increased severe weather , including Hurricane Ida . In the quarter , revenues of $ 12.5 billion generated net income of $ 508 million and adjusted net income * earnings per share of $ 0.73 . "