ALLAllstate

Upon acquisition, the purchase price of the acquired business is assumed to be its fair value. Subsequently, we estimate the fair value of our businesses in each goodwill reporting unit, utilizing a combination of widely accepted valuation techniques including a stock price and market capitalization analysis, discounted cash flow (“DCF”) calculations and an estimate of a business’s fair value using market to book multiples derived from peer company analysis. The stock •Stock price and market capitalization analysis take into consideration the quoted market price of our outstanding common stock and includes a control premium, derived from relevant historical acquisition activity, in determining the estimated fair value of the consolidated entity before allocating that fair value to individual reporting units. The DCF analysis utilizes long term assumptions for revenues, investment income, benefits, claims, other operating expenses and income taxes to produce projections of both income and cash flows available for dividends that are present valued using the weighted average cost of capital. Market to book multiples represent the mean market to book multiple for selected peer companies with operations similar to each goodwill reporting unit to which the multiple is applied. The outputs from these methods are weighted based on the nature of the business and the relative amount of market observable assumptions supporting the estimates. The computed values are then weighted to reflect the fair value estimate based on the specific attributes of each goodwill reporting unit.

The Company is subject to extensive laws, regulations, administrative directives, individual U.S. states and regulatory actions. Canadian provinces. From time to time, regulatory authorities or legislative bodies seek to influence and restrict premium rates, require premium refunds to policyholders, require reinstatement of terminated policies, prescribe rules or guidelines on how affiliates compete in the marketplace, restrict the ability of insurers to cancel or non-renew policies, require insurers to continue to write new policies or limit their ability to write new policies, limit insurers’ ability to change coverage terms or to impose underwriting standards, impose additional regulations regarding agency and broker compensation, regulate the nature of and amount of investments, impose fines and penalties for unintended errors or mistakes, impose additional regulations regarding cybersecurity and privacy, and otherwise expand overall regulation of insurance products and the insurance industry. In addition, the Company is subject to laws and regulations administered and enforced by federal agencies, international agencies, and other organizations, including but not limited to the SEC, the Financial Industry Regulatory Authority, the U.S. Equal Employment Opportunity Commission, and the U.S. Department of Justice. The Company has established procedures and policies to facilitate compliance with laws and regulations, to foster prudent business operations, and to support financial reporting. The Company routinely reviews its practices to validate compliance with laws and regulations and with internal procedures and policies. As a result of these reviews, from time to time the Company may decide to modify some of its procedures and policies. Such modifications, and the reviews that led to them, may be accompanied by payments being made and costs being incurred. The ultimate changes and eventual

Business practices Stakeholder expectations on environmental and disclosures are evaluated against ESG standards which social issues are continually evolving and not always well defined or readily measurable today. ESG-related expectations may also reflect contrasting or conflicting values or agendas. measurable. Our practices may not change in meet the particular ways expectations of stakeholders or at the rate stakeholders expect. We we may fail to meet our commitments or targets. Our policies and processes to evaluate and manage ESG priorities in coordination with other business priorities may not prove completely effective or fully satisfy our stakeholders. Customers commitments. Existing and potential customers and business partners may choose not to do business with us and potential applicants and employees may choose not to work for us based on ESG practices and related our business practices, policies and actions. We may face adverse regulatory, investor, media, political or public other scrutiny leading to business, reputational, reputational or legal challenges.

Amortization expense Rollforward of intangible assets for deferred policy acquisition costs For the next five years and thereafter ended December 31, ($ in millions) 2025 2024 2023 Beginning balance $ 230 2026 161 2027 112 2028 67 2029 32 Thereafter 14 5,773 $ 5,940 $ 5,442 Acquisition costs deferred 8,784 8,393 7,776 Amortization charged to income (8,384) (8,022) (7,246) Experience adjustment (5) (17) (32) Reclassified to assets held for sale (1) (5) (521) — Ending balance $ 6,163 $ 5,773 $ 5,940 Allstate Protection $ 2,803 $ 2,548 $ 2,378 Protection Services 3,274 3,161 3,022 Allstate Health and Benefits — 1 497 All other 86 63 43 Total amortization $ 616 6,163 $ 5,773 $ 5,940