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The Allstate's (ALL) CEO Tom Wilson on Q1 2021 Results - Earnings Call Transcript

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The Allstate Corporation (NYSE:ALL) Q1 2021 Earnings Conference Call May 6, 2021 9:00 AM ET

Company Participants

Mark Nogal – Head-Investor Relations

Tom Wilson – Chairman, President and Chief Executive Officer

Mario Rizzo – Executive Vice President and Chief Financial Officer

Glenn Shapiro – President-Personal Property-Liability

Conference Call Participants

Josh Shanker – Bank of America

Jimmy Bhullar – JPMorgan

Greg Peters – Raymond James

Paul Newsome – Piper Sandler

David Motemaden – Evercore


Thank you for standing by. And welcome to the Allstate First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Mark Nogal, Head of Investor Relations. Please go ahead, sir.

Mark Nogal

Thank you, Jonathan. Good morning. Welcome to Allstate’s first quarter 2021 earnings conference call. After prepared remarks, we'll have a question-and-answer session. Yesterday, following the close of the market, we issued our news release, investor supplement and posted related materials on our website at allstateinvestors.com. Our management team is here to provide perspective on these results.

As noted on the first slide of the presentation, our discussion will contain non-GAAP measures for which there are reconciliations in the news release and investor supplement and forward-looking statements about Allstate's operations. Allstate's results may differ materially from these statements. So please refer to our 10-K for 2020 and other public documents for information on potential risks.

And now I'll turn it over to Tom.

Tom Wilson

Thanks, Mark. Good morning everybody. We appreciate you making the time to follow-up on Allstate to see how we're doing.

Let's start on Slide 2. On the left our strategy has two components, which is

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