XML 142 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended 24 Months Ended 36 Months Ended 48 Months Ended 60 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2024
Pay vs Performance Disclosure                  
Pay vs Performance Disclosure, Table
Pay Versus Performance Table
As required by the SEC rules and in accordance with Item 402(v) of Regulation S-K, the following table sets forth compensation information for our Principal Executive Officer (PEO) and Non-PEO NEOs and company performance against key financial performance measures of the company for the fiscal years shown. For additional information regarding Allstate’s pay for performance philosophy and how the company aligns NEO compensation, refer to the CD&A beginning on page 48.

Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($)
(1)
Value of Initial Fixed $100
Investment Based On:
(3)
Year
Summary
Compensation
Table Total for
PEO
($)
(1)
Compensation
Actually Paid
to PEO
($)
(2)(3)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
(2)
Total
Shareholder
Return
($)
Peer Group
Total
Shareholder
Return
($)
Net Income
($ in millions
)(4)
Performance
Net Income
($ in millions)
(5)
2024
$26,744,295 $57,020,722 $7,595,989 $13,148,908 $194 $200 $4,550 $5,213 
2023$16,487,957 $8,025,133 $4,477,500 $2,968,301 $138 $158 $(316)$1,122 
2022$15,005,001 $30,035,131 $3,498,306 $4,852,665 $130 $149 $(1,416)$(426)
2021$19,066,920 $27,585,626 $5,548,209 $7,666,840 $110 $131 $1,485 $3,689 
2020$21,126,386 $26,023,346 $5,228,904 $6,270,236 $100 $101 $5,461 $4,967 
               
Company Selected Measure Name Performance Net Income                
Named Executive Officers, Footnote The totals reflected align with (i) for the PEO, the amounts of total compensation reported in the Summary Compensation Table for the PEO, and (ii) for the Non-PEO NEOs, the average of the amounts of total compensation reported in the Summary Compensation Table for such Non-PEO NEOs, as shown on page 71. Mr. Wilson served as Chair, President and CEO for each fiscal year reported and is therefore represented as the PEO for each such fiscal year. The Non-PEO NEOs column represents Allstate’s NEOs for each respective year. The employees comprising the Non-PEO NEOs for each year are noted below:
2024
2023202220212020
Jesse MertenJesse MertenMario RizzoGlenn ShapiroMario Rizzo
Mario Rizzo
John DugenskeGlenn ShapiroDon CivginGlenn Shapiro
John Dugenske
Suren GuptaDon CivginJohn DugenskeDon Civgin
Christine DeBiase
Mario RizzoJohn DugenskeMario RizzoJohn Dugenske
Jesse Merten
Suren Gupta
Bob Toohey
               
Peer Group Issuers, Footnote These totals were calculated in the same manner as required under Item 201 (e) of Regulation S-K. The Total Shareholder Return (TSR) represents the cumulative return on a fixed investment of $100 in the common stock (including reinvested dividends) of (a) the company and (b) its peer group, respectively, for the period starting January 1, 2020, through the last day of the listed fiscal year. Our peer group used for the TSR calculation is the same as our compensation benchmarking peer group: AFLAC Inc.; American International Group, Inc.; AON plc; Chubb Limited; The Hartford Financial Services Group, Inc.; Humana Inc.; Manulife Financial Corporation; Marsh & McLennan; MetLife, Inc.; The Progressive Corporation; Prudential Financial Inc.; and The Travelers Companies Inc.                
PEO Total Compensation Amount $ 26,744,295 $ 16,487,957 $ 15,005,001 $ 19,066,920 $ 21,126,386        
PEO Actually Paid Compensation Amount $ 57,020,722 8,025,133 30,035,131 27,585,626 26,023,346        
Adjustment To PEO Compensation, Footnote Compensation actually paid (CAP) has been calculated in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned, realized or received by the company PEO and Non-PEO NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described below, for the years represented. Equity values for purposes of calculating CAP were determined in accordance with FASB ASC Topic 718. The valuation methodologies and assumptions used to calculate the equity values included in CAP are based on our grant date fair value of the equity awards as disclosed in the company’s audited financial statements for the applicable fiscal year.
Compensation Actually
Paid Component
20242023202220212020
PEONon-PEOPEONon-PEOPEONon-PEOPEONon-PEOPEO
Non-PEO
Summary Compensation Table (SCT) Total$26,744,295 $7,595,989 $16,487,957 $4,477,500 $15,005,001 $3,498,306 $19,066,920 $5,548,209 $21,126,386 $5,228,904 
Deduction:
SCT change in actuarial present value of accumulated pension benefits
$(596,827)$(89,894)$— $(119,512)$— $(51,781)$(697,929)$(65,931)$(3,116,842)$(189,278)
Deduction:
SCT Aggregate Grant Date Fair Value of Stock Awards
$(11,899,608)$(2,930,250)$(7,883,165)$(1,973,067)$(6,868,175)$(1,523,242)$(6,335,804)$(1,617,742)$(7,312,094)$(1,685,460)
Deduction:
SCT Aggregate Grant Date Fair Value of Option Awards
$(4,736,259)$(692,682)$(4,986,008)$(1,010,746)$(4,293,494)$(871,876)$(4,304,994)$(1,099,217)$(4,404,993)$(1,015,376)
Addition:Pension Service Cost$119,162 $46,330 $161,803 $50,465 $235,050 $46,723 $238,310 $62,348 $217,343 $56,961 
Compensation Actually
Paid Component
20242023202220212020
PEONon-PEOPEONon-PEOPEONon-PEOPEONon-PEOPEO
Non-PEO
Addition:
Change as of the vesting date in fair value, (from the end of prior fiscal year) of equity awards granted in prior fiscal years for which all applicable vesting conditions were satisfied at the end or during the covered fiscal year
$3,988,836 $636,475 $(2,085,752)$(344,544)$3,039,030 $521,581 $(454,767)$(110,761)$3,712,366 $218,942 
Addition:
Change in fair value, as of the end of the covered fiscal year, of equity awards granted in any prior fiscal year that are outstanding and unvested at year-end
$20,074,587 $3,659,065 $(7,028,704)$(1,309,355)$7,695,232 $1,338,444 $6,922,985 $1,592,057 $6,802,340 $1,581,275 
Addition:
Fair value, at the end of the covered fiscal year, of equity awards granted during the fiscal year that are outstanding and unvested at year-end
$23,326,536 $4,923,875 $13,359,001 $3,197,559 $15,222,487 $2,083,563 $13,150,905 $3,357,877 $8,998,841 $2,074,267 
Deduction:
Fair value, at the end of prior fiscal year, of equity awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year
$— $— $— $— $— $(189,054)$— $— $— $— 
Compensation Actually Paid
$57,020,722 $13,148,908 $8,025,133 $2,968,301 $30,035,131 $4,852,665 $27,585,626 $7,666,840 $26,023,346 $6,270,236 
               
Non-PEO NEO Average Total Compensation Amount $ 7,595,989 4,477,500 3,498,306 5,548,209 5,228,904        
Non-PEO NEO Average Compensation Actually Paid Amount $ 13,148,908 2,968,301 4,852,665 7,666,840 6,270,236        
Adjustment to Non-PEO NEO Compensation Footnote Compensation actually paid (CAP) has been calculated in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned, realized or received by the company PEO and Non-PEO NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described below, for the years represented. Equity values for purposes of calculating CAP were determined in accordance with FASB ASC Topic 718. The valuation methodologies and assumptions used to calculate the equity values included in CAP are based on our grant date fair value of the equity awards as disclosed in the company’s audited financial statements for the applicable fiscal year.
Compensation Actually
Paid Component
20242023202220212020
PEONon-PEOPEONon-PEOPEONon-PEOPEONon-PEOPEO
Non-PEO
Summary Compensation Table (SCT) Total$26,744,295 $7,595,989 $16,487,957 $4,477,500 $15,005,001 $3,498,306 $19,066,920 $5,548,209 $21,126,386 $5,228,904 
Deduction:
SCT change in actuarial present value of accumulated pension benefits
$(596,827)$(89,894)$— $(119,512)$— $(51,781)$(697,929)$(65,931)$(3,116,842)$(189,278)
Deduction:
SCT Aggregate Grant Date Fair Value of Stock Awards
$(11,899,608)$(2,930,250)$(7,883,165)$(1,973,067)$(6,868,175)$(1,523,242)$(6,335,804)$(1,617,742)$(7,312,094)$(1,685,460)
Deduction:
SCT Aggregate Grant Date Fair Value of Option Awards
$(4,736,259)$(692,682)$(4,986,008)$(1,010,746)$(4,293,494)$(871,876)$(4,304,994)$(1,099,217)$(4,404,993)$(1,015,376)
Addition:Pension Service Cost$119,162 $46,330 $161,803 $50,465 $235,050 $46,723 $238,310 $62,348 $217,343 $56,961 
Compensation Actually
Paid Component
20242023202220212020
PEONon-PEOPEONon-PEOPEONon-PEOPEONon-PEOPEO
Non-PEO
Addition:
Change as of the vesting date in fair value, (from the end of prior fiscal year) of equity awards granted in prior fiscal years for which all applicable vesting conditions were satisfied at the end or during the covered fiscal year
$3,988,836 $636,475 $(2,085,752)$(344,544)$3,039,030 $521,581 $(454,767)$(110,761)$3,712,366 $218,942 
Addition:
Change in fair value, as of the end of the covered fiscal year, of equity awards granted in any prior fiscal year that are outstanding and unvested at year-end
$20,074,587 $3,659,065 $(7,028,704)$(1,309,355)$7,695,232 $1,338,444 $6,922,985 $1,592,057 $6,802,340 $1,581,275 
Addition:
Fair value, at the end of the covered fiscal year, of equity awards granted during the fiscal year that are outstanding and unvested at year-end
$23,326,536 $4,923,875 $13,359,001 $3,197,559 $15,222,487 $2,083,563 $13,150,905 $3,357,877 $8,998,841 $2,074,267 
Deduction:
Fair value, at the end of prior fiscal year, of equity awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year
$— $— $— $— $— $(189,054)$— $— $— $— 
Compensation Actually Paid
$57,020,722 $13,148,908 $8,025,133 $2,968,301 $30,035,131 $4,852,665 $27,585,626 $7,666,840 $26,023,346 $6,270,236 
               
Compensation Actually Paid vs. Total Shareholder Return
5437
¢
PEO CAP
¢
Avg. NEO CAP
 02_437787-1_icons_legend_TSR_all.jpg 
ALL TSR
 02_437787-1_icons_legend_TSR_peer.jpg 
Peer TSR
               
Compensation Actually Paid vs. Net Income
Cap vs Net Income
5459
¢
PEO CAP
¢
Avg. NEO CAP
 02_437787-1_icons_legend_TSR_all.jpg 
Net Income
               
Compensation Actually Paid vs. Company Selected Measure
Cap vs Performance Net Income
5493
¢
PEO CAP
¢
Avg. NEO CAP
 02_437787-1_icons_legend_TSR_all.jpg 
Performance Net Income
               
Tabular List, Table
Financial Performance Measures: The Allstate executive compensation programs reflect the pay-for-performance culture and supports shareholder alignment while also incentivizing our executives as noted throughout the CD&A beginning on page 48. For the annual and LTI programs, the Committee uses performance measures that (1) align with the company’s strategy, operating principles and priorities and shareholder interest, (2) support the achievement of corporate goals and (3) reflect the company’s overall performance. The most important performance measures, in our assessment, used to link CAP of our NEOs for the most recently completed fiscal year to the company’s performance are as follows:
Performance Net Income (PNI)
Performance Net Income Return on Equity (PNI ROE)
Total Premiums
Relative Total Shareholder Return (TSR)
               
Total Shareholder Return Amount         100 $ 110 $ 130 $ 138 $ 194
Peer Group Total Shareholder Return Amount         101 $ 131 $ 149 $ 158 $ 200
Net Income (Loss) $ 4,550,000,000 $ (316,000,000) $ (1,416,000,000) $ 1,485,000,000 $ 5,461,000,000        
Company Selected Measure Amount 5,213,000,000 1,122,000,000 (426,000,000) 3,689,000,000 4,967,000,000        
PEO Name Mr. Wilson Mr. Wilson Mr. Wilson Mr. Wilson Mr. Wilson        
Measure:: 1                  
Pay vs Performance Disclosure                  
Name Performance Net Income (PNI)                
Non-GAAP Measure Description As required pursuant to Item 402(v) of Regulation S-K, we determined Performance Net Income to be our most important financial performance measure used to link CAP of our NEOs in fiscal year 2024 to company performance. See “Non-GAAP Performance Measures for 2024” for a description of this performance measure.                
Measure:: 2                  
Pay vs Performance Disclosure                  
Name Performance Net Income Return on Equity (PNI ROE)                
Measure:: 3                  
Pay vs Performance Disclosure                  
Name Total Premiums                
Measure:: 4                  
Pay vs Performance Disclosure                  
Name Relative Total Shareholder Return (TSR)                
PEO | Deduction: SCT change in actuarial present value of accumulated pension benefits [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount $ (596,827) $ 0 $ 0 $ (697,929) $ (3,116,842)        
PEO | Deduction: SCT Aggregate Grant Date Fair Value of Stock Awards [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (11,899,608) (7,883,165) (6,868,175) (6,335,804) (7,312,094)        
PEO | Deduction: SCT Aggregate Grant Date Fair Value of Option Awards [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (4,736,259) (4,986,008) (4,293,494) (4,304,994) (4,404,993)        
PEO | Addition: Pension Service Cost [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 119,162 161,803 235,050 238,310 217,343        
PEO | Addition: Change as of the vesting date in fair value, (from the end of prior fiscal year) of equity awards granted in prior fiscal years for which all applicable vesting conditions were satisfied [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 3,988,836 (2,085,752) 3,039,030 (454,767) 3,712,366        
PEO | Addition: Change in fair value, as of the end of the covered fiscal year, of equity awards granted in any prior fiscal year that are outstanding and unvested at year-end [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 20,074,587 (7,028,704) 7,695,232 6,922,985 6,802,340        
PEO | Addition: Fair value, at the end of the covered fiscal year, of equity awards granted during the fiscal year that are outstanding and unvested at year-‌end [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 23,326,536 13,359,001 15,222,487 13,150,905 8,998,841        
PEO | Deduction: Fair value, at the end of prior fiscal year, of equity awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 0 0 0 0        
Non-PEO NEO | Deduction: SCT change in actuarial present value of accumulated pension benefits [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (89,894) (119,512) (51,781) (65,931) (189,278)        
Non-PEO NEO | Deduction: SCT Aggregate Grant Date Fair Value of Stock Awards [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (2,930,250) (1,973,067) (1,523,242) (1,617,742) (1,685,460)        
Non-PEO NEO | Deduction: SCT Aggregate Grant Date Fair Value of Option Awards [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (692,682) (1,010,746) (871,876) (1,099,217) (1,015,376)        
Non-PEO NEO | Addition: Pension Service Cost [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 46,330 50,465 46,723 62,348 56,961        
Non-PEO NEO | Addition: Change as of the vesting date in fair value, (from the end of prior fiscal year) of equity awards granted in prior fiscal years for which all applicable vesting conditions were satisfied [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 636,475 (344,544) 521,581 (110,761) 218,942        
Non-PEO NEO | Addition: Change in fair value, as of the end of the covered fiscal year, of equity awards granted in any prior fiscal year that are outstanding and unvested at year-end [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 3,659,065 (1,309,355) 1,338,444 1,592,057 1,581,275        
Non-PEO NEO | Addition: Fair value, at the end of the covered fiscal year, of equity awards granted during the fiscal year that are outstanding and unvested at year-‌end [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 4,923,875 3,197,559 2,083,563 3,357,877 2,074,267        
Non-PEO NEO | Deduction: Fair value, at the end of prior fiscal year, of equity awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount $ 0 $ 0 $ (189,054) $ 0 $ 0