Basic earnings per common share is computed using the weighted average number of common shares outstanding, including vested unissued participating restricted stock units. Diluted earnings per common share is computed using the weighted average number of common and dilutive potential common shares outstanding.

For the Company, dilutive potential common shares consist of outstanding stock options, unvested

non-participating restricted stock units and contingently issuable performance stock awards. The effect of dilutive potential common shares does not include share-based awards with an anti-dilutive effect on earnings per common share, primarily options, where exercise prices exceed the average market price of Allstate common shares during the period or for which the unrecognized compensation cost would have an anti-dilutive effect.


Computation of basic and diluted earnings per common share
(In millions, except per share data)	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Numerator:
Net income	$	2,099	$	347	$	2,695	$	1,545
Less: Net (loss) income attributable to noncontrolling interest	(10)		16		(9)		(4)
Net income attributable to Allstate	2,109		331		2,704		1,549
Less: Preferred stock dividends	30		30		59		59


Net income applicable to common shareholders	$	2,079	$	301	$	2,645	$	1,490

Denominator:
Weighted average common shares outstanding	264.6		264.1		264.9		263.8
Effect of dilutive potential common shares:
Stock options	2.5		2.5		2.6		2.5
Restricted stock units (non-participating) and performance stock awards	0.8		0.5		0.9		0.5
Weighted average common and dilutive potential common shares outstanding	267.9		267.1		268.4		266.8

Earnings per common share - Basic	$	7.86	$	1.14	$	9.98	$	5.65
Earnings per common share - Diluted	$	7.76	$	1.13	$	9.85	$	5.58

Anti-dilutive share-based awards excluded from diluted earnings per common share	0.5		0.6		0.4		0.5